ReadSoft AB (LTS:0GQO) Interest Expense : kr-3.7 Mil (TTM As of Jun. 2014)

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What is ReadSoft AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ReadSoft AB's interest expense for the three months ended in Jun. 2014 was kr -0.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2014 was kr-3.7 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. ReadSoft AB's Operating Income for the three months ended in Jun. 2014 was kr 6.7 Mil. ReadSoft AB's Interest Expense for the three months ended in Jun. 2014 was kr -0.7 Mil. ReadSoft AB's Interest Coverage for the quarter that ended in Jun. 2014 was 9.57. 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.

ReadSoft AB Interest Expense Historical Data

The historical data trend for ReadSoft AB'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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ReadSoft AB Interest Expense Chart

ReadSoft AB Annual Data

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Interest Expense

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-2.52

-1.70

-2.37

-3.60

ReadSoft AB Quarterly Data
	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14
Interest Expense	Get a 7-Day Free Trial															-0.70	-0.50	-1.80	-0.70	-0.70

ReadSoft AB 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. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-3.7 Mil.

ReadSoft AB (LTS:0GQO) 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.

ReadSoft AB's Interest Expense for the three months ended in Jun. 2014 was kr-0.7 Mil. Its Operating Income for the three months ended in Jun. 2014 was kr6.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2014 was kr0.0 Mil.

ReadSoft AB's Interest Coverage for the quarter that ended in Jun. 2014 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2014 )	/	Interest Expense (Q: Jun. 2014 )
	=	-1	*	6.7	/	-0.7
	=	9.57

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

Good Sign:

ReadSoft AB has no debt.

ReadSoft AB (LTS:0GQO) Business Description

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ReadSoft AB is a Sweden-based company that creates and markets software and services for document automation, processes such as data entry, information verification, document workflows, and e-voicing. The company operates in over 16 countries worldwide, with partnerships in an additional 70. The company offers solutions primarily for industries such as banking, manufacturing, service bureaus, market research, insurance, government, and medical. Major customers include IKEA, Audi, Porsche, Yves Rocher, Swedish Tax, DaimlerChrysler, HSBS Bank, Avon, Bosch, London Underground, New York Transit, Toyota, Volvo, Monoprix, Ericsson, and ING. The company is headquartered in Helsingborg, Sweden. The company offers ReadSoft DOCUMENTS, a complete software platform for document automation. The product incorporates five Automation Areas: Capture, capturing the information in any format and making it ready for electronic processing; Understand, enabling the computer to read, sort, interpret, extract, and index documents electronically; Manage, providing customers with control of electronic documents, including the verification and quality control with archiving and monitoring capabilities; Integrate, integration with the business software; and Interchange, Electronic Data Interchange. Capabilities within each Automation Area are customized to the needs of the customer, and solutions can be expanded to include any required extra capabilities. Also, this software can be integrated with systems such as SAP and Oracle E-Business Suite, Intentia, and IFS. ReadSoft business solutions for specific areas include: ReadSoft Documents for Mailrooms, Documents for EDI, Documents for Invoices, and Documents for Forms. Additionally, the company offers Professional Services such as project management and customization, Solution Optimization, Training, and Technical Support.

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