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Petro Welt Technologies AG (LTS:0GNN) Interest Expense : €-9.71 Mil (TTM As of Jun. 2023)


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What is Petro Welt Technologies AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Petro Welt Technologies AG's interest expense for the three months ended in Jun. 2023 was € -9.71 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was €-9.71 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. Petro Welt Technologies AG's Operating Income for the three months ended in Jun. 2023 was € -0.81 Mil. Petro Welt Technologies AG's Interest Expense for the three months ended in Jun. 2023 was € -9.71 Mil. Petro Welt Technologies AG did not have earnings to cover the interest expense. 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.

Petro Welt Technologies AG Interest Expense Historical Data

The historical data trend for Petro Welt Technologies AG'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.

* Premium members only.

Petro Welt Technologies AG Interest Expense Chart

Petro Welt Technologies AG Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.84 -3.73 -3.65 -3.41 -3.58

Petro Welt Technologies AG Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Dec22 Mar23 Jun23
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - -0.68 - - -9.71

Petro Welt Technologies AG 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €-9.71 Mil.

* 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.

Petro Welt Technologies AG  (LTS:0GNN) Interest Expense Explanation

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. The higher, the better.

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

Petro Welt Technologies AG's Interest Expense for the three months ended in Jun. 2023 was €-9.71 Mil. Its Operating Income for the three months ended in Jun. 2023 was €-0.81 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2023 was €133.33 Mil.

Petro Welt Technologies AG's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Petro Welt Technologies AG did not have earnings to cover the interest expense.

* 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.

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

Petro Welt Technologies AG (LTS:0GNN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petro Welt Technologies AG (LTS:0GNN) » Definitions » Interest Expense
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XTER:SUR XTER:STO3 XTER:M4N HAM:NST XTER:UUU SLB BKR HAL MIL:TEN SHSE:601808 FTI NOV CHX ASX:WOR WFRD VAL XPAR:GTT SHSE:600968 XPAR:TE SZSE:002353
Traded in Other Exchanges
N/A
Address
Karntner Ring 11-13, Vienna, AUT, 1010
Website
https://www.pewete.com
Petro Welt Technologies AG is a service provider of oilfield services in Russia & Kazakhstan. The operating segment of the company is Well Services & Stimulation, Drilling, Sidetracking, Integrated Project Management (IPM), and Proppant Manufacturing. The Well Services & Stimulation segment comprises hydraulic fracturing, cementing, & coiled tubing, with a focus on hydraulic fracturing, a method of well stimulation. The Drilling, Sidetracking, & IPM segment encompasses conventional drilling, sidetrack drilling, & IPM. The Proppant Manufacturing segment offers goods for the oil & natural gas industry & manufactures different kinds of Proppant in Kopeysk, Russia. The majority is from the Well Services and Stimulation segment. Geographically, key revenue is from Russia.

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