Stara Planina Holding AD (LTS:0O2S) Interest Expense : лв-0.4 Mil (TTM As of Mar. 2024)

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What is Stara Planina Holding AD Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Stara Planina Holding AD's interest expense for the three months ended in Mar. 2024 was лв -0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was лв-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. Stara Planina Holding AD's Operating Income for the three months ended in Mar. 2024 was лв 8.1 Mil. Stara Planina Holding AD's Interest Expense for the three months ended in Mar. 2024 was лв -0.0 Mil. Stara Planina Holding AD's Interest Coverage for the quarter that ended in Mar. 2024 was 278.59. 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.

Stara Planina Holding AD Interest Expense Historical Data

The historical data trend for Stara Planina Holding AD'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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Stara Planina Holding AD Interest Expense Chart

Stara Planina Holding AD Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-0.09

-0.10

-0.09

-0.20

-0.46

Stara Planina Holding AD Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.07	-0.16	-0.12	-0.11	-0.03

Stara Planina Holding AD 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was лв-0.4 Mil.

Stara Planina Holding AD (LTS:0O2S) 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.

Stara Planina Holding AD's Interest Expense for the three months ended in Mar. 2024 was лв-0.0 Mil. Its Operating Income for the three months ended in Mar. 2024 was лв8.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was лв0.0 Mil.

Stara Planina Holding AD's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	8.079	/	-0.029
	=	278.59

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Stara Planina Holding AD has enough cash to cover all of its debt. Its financial situation is stable.

Stara Planina Holding AD (LTS:0O2S) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Stara Planina Holding AD (LTS:0O2S) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

SPH:Bulgaria

Address

20, Frederic Joliot-Curie Street, 9th Floor, Sofia, BGR, 1113

Website

https://www.sphold.com

Stara Planina Holding AD is a holding company. The company is engaged in the acquisition, management, evaluation and sale of shareholdings in Bulgarian and foreign companies; acquisition, management and sale of bonds, evaluation and sale of patents, transfer of licenses for the use of patents, belonging to companies where the holding company has participation; financing companies where the holding company has participations; other commercial operations, except those prohibited by law. The investment portfolio of the holding is distributed mainly in the following industries, Machine Building; Electrical Engineering, Light Industry and Financial.

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