Groupe Open (LTS:0O1T) Interest Expense : €-0.4 Mil (TTM As of Jun. 2021)

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What is Groupe Open Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Groupe Open's interest expense for the six months ended in Jun. 2021 was € -0.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2021 was €-0.4 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. Groupe Open's Operating Income for the six months ended in Jun. 2021 was € 7.5 Mil. Groupe Open's Interest Expense for the six months ended in Jun. 2021 was € -0.4 Mil. Groupe Open's Interest Coverage for the quarter that ended in Jun. 2021 was 18.75. 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.

Groupe Open Interest Expense Historical Data

The historical data trend for Groupe Open'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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Groupe Open Interest Expense Chart

Groupe Open Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Interest Expense

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-0.90

-1.00

-0.60

-0.90

-0.80

Groupe Open Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
Interest Expense	Get a 7-Day Free Trial															-0.40	-0.50	-0.80	-	-0.40

Groupe Open 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. 2021 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-0.4 Mil.

Groupe Open (LTS:0O1T) 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.

Groupe Open's Interest Expense for the six months ended in Jun. 2021 was €-0.4 Mil. Its Operating Income for the six months ended in Jun. 2021 was €7.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2021 was €12.1 Mil.

Groupe Open's Interest Coverage for the quarter that ended in Jun. 2021 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2021 )	/	Interest Expense (Q: Jun. 2021 )
	=	-1	*	7.5	/	-0.4
	=	18.75

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

Groupe Open (LTS:0O1T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Groupe Open SA (LTS:0O1T) » Definitions » Interest Expense

Comparable Companies

TSE:4371 MIGI TSE:3657 IBEX TSXV:QUIS TSE:4674 SHSE:688500 TSE:3676 HKSE:03680 XCNQ:PKK

Traded in Other Exchanges

N/A

Address

97 Boulevard, Paris, FRA, 75017

Website

http://www.groupe-open.com

Groupe Open SA is engaged in digital and industrial transformation business in France, Belgium, the Netherlands, Luxembourg, and China. The company offers IT and digital consultancy services; project management assistance; project design and conception services; application design and development services for management systems, Websites, mobile projects; application portfolio management services; software integrating solutions; and project testing and acceptance services.

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