Carlo Gavazzi Holding AG (LTS:0QL5) Interest Expense : CHF0.3 Mil (TTM As of Sep. 2023)

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What is Carlo Gavazzi Holding AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Carlo Gavazzi Holding AG's interest expense for the six months ended in Sep. 2023 was CHF -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was CHF0.3 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. Carlo Gavazzi Holding AG's Operating Income for the six months ended in Sep. 2023 was CHF 16.4 Mil. Carlo Gavazzi Holding AG's Interest Expense for the six months ended in Sep. 2023 was CHF -0.1 Mil. Carlo Gavazzi Holding AG's Interest Coverage for the quarter that ended in Sep. 2023 was 162.02. 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.

Carlo Gavazzi Holding AG Interest Expense Historical Data

The historical data trend for Carlo Gavazzi Holding 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.

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Carlo Gavazzi Holding AG Interest Expense Chart

Carlo Gavazzi Holding AG Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-0.05

-0.23

-0.29

-0.28

Carlo Gavazzi Holding AG Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial															-0.36	0.07	-0.71	0.43	-0.10

Carlo Gavazzi Holding 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was CHF0.3 Mil.

Carlo Gavazzi Holding AG (LTS:0QL5) 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.

Carlo Gavazzi Holding AG's Interest Expense for the six months ended in Sep. 2023 was CHF-0.1 Mil. Its Operating Income for the six months ended in Sep. 2023 was CHF16.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was CHF3.0 Mil.

Carlo Gavazzi Holding AG's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	16.364	/	-0.101
	=	162.02

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

Carlo Gavazzi Holding AG (LTS:0QL5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Carlo Gavazzi Holding AG (LTS:0QL5) » Definitions » Interest Expense

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GAVz:UK GAV:Switzerland

Address

Sumpfstrasse 3, Steinhausen, CHE, CH-6312

Website

https://www.carlogavazzi.com

Carlo Gavazzi Holding AG is engaged in the designing, manufacturing, and marketing of electronic control components for the global markets of industrial and building automation. Its product portfolio comprises sensors, monitoring relays, timers, energy management systems, solid-state relays, safety devices, and Fieldbus systems. Its products are marketed through a network of sales companies and independent national distributors. It has operational footprints across Switzerland, Italy, other Europe, the Middle East and Africa, the United States of America, other North America, and Asia. Geographically the company receives maximum revenue from Europe, the Middle East, and Africa.

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