Sif Holding NV (LTS:0RHT) Interest Expense : €-3.6 Mil (TTM As of Jun. 2024)

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What is Sif Holding NV Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sif Holding NV's interest expense for the six months ended in Jun. 2024 was € -2.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was €-3.6 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. Sif Holding NV's Operating Income for the six months ended in Jun. 2024 was € 11.8 Mil. Sif Holding NV's Interest Expense for the six months ended in Jun. 2024 was € -2.8 Mil. Sif Holding NV's Interest Coverage for the quarter that ended in Jun. 2024 was 4.20. 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.

Sif Holding NV Interest Expense Historical Data

The historical data trend for Sif Holding NV'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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Sif Holding NV Interest Expense Chart

Sif Holding NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.83

-1.64

-1.62

-1.29

-1.96

Sif Holding NV Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial															-1.07	-0.21	-1.15	-0.81	-2.80

Sif Holding NV 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-3.6 Mil.

Sif Holding NV (LTS:0RHT) 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.

Sif Holding NV's Interest Expense for the six months ended in Jun. 2024 was €-2.8 Mil. Its Operating Income for the six months ended in Jun. 2024 was €11.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was €164.9 Mil.

Sif Holding NV's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	11.761	/	-2.801
	=	4.20

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

Sif Holding NV Business Description

Industry

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SIFG:Netherlands 276:Germany

Address

Mijnheerkensweg 33, P.O. Box 522, Roermond, NLD, 6040 AM

Website

https://www.sif-group.com

Sif Holding NV is engaged in the manufacturing of metal structures, parts of metal structures, pipes, pipe structures, components for the offshore industry, and foundation piles for offshore wind farms. The company's operating segment includes Wind; Marshalling and others. It generates maximum revenue from the Wind segment. The wind segment produces and delivers monopiles, transition pieces, or other foundation components for the offshore wind industry. The marshalling segment includes renting-out of the logistical area and facilities and the delivery of logistical services to customers, mainly in the off-shore wind industry. Geographically, it derives a majority of its revenue from the Netherlands.

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