Picanol NV (LTS:0FM2) Interest Expense : €-13 Mil (TTM As of Jun. 2022)

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What is Picanol NV Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Picanol NV's interest expense for the six months ended in Jun. 2022 was € -5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2022 was €-13 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Picanol NV's Operating Income for the six months ended in Jun. 2022 was € 171 Mil. Picanol NV's Interest Expense for the six months ended in Jun. 2022 was € -5 Mil. Picanol NV's Interest Coverage for the quarter that ended in Jun. 2022 was 37.91. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Picanol NV Interest Expense Historical Data

The historical data trend for Picanol NV's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Picanol NV Interest Expense Chart

Picanol NV Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Interest Expense

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-2.12

-13.60

-15.30

-12.00

-12.90

Picanol NV Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
Interest Expense	Get a 7-Day Free Trial															-4.90	-7.10	-4.90	-8.00	-4.50

Picanol NV Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Jun. 2022 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-13 Mil.

Picanol NV (LTS:0FM2) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Picanol NV's Interest Expense for the six months ended in Jun. 2022 was €-5 Mil. Its Operating Income for the six months ended in Jun. 2022 was €171 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2022 was €207 Mil.

Picanol NV's Interest Coverage for the quarter that ended in Jun. 2022 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2022 )	/	Interest Expense (Q: Jun. 2022 )
	=	-1	*	170.6	/	-4.5
	=	37.91

The higher the ratio, the stronger the company's financial strength is.

Picanol NV (LTS:0FM2) Business Description

Industry

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Traded in Other Exchanges

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Address

Steverlyncklaan 15, Ieper, BEL, 8900

Website

http://www.picanolgroup.com

Picanol NV is a Belgium-based company that develops, manufactures, and distributes weaving machines, engineered casting solutions, and customized controllers. The company, through Weaving Machines (Picanol), supplies weaving machines to global weaving mills, as well as related services. Picanol also markets accessories via GTP Global Textile Partner. Also, the Picanol Group is involved in other business activities including foundry activities and mechanic finishing activities. The group's operating segment comprises Machines & Technologies; Agro; Bio-valorization; Industrial Solutions; and T-Power.

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