General de Alquiler de Maquinaria (LTS:0RTJ) Interest Expense : €-10.2 Mil (TTM As of Jun. 2023)

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What is General de Alquiler de Maquinaria Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. General de Alquiler de Maquinaria's interest expense for the six months ended in Jun. 2023 was € -5.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was €-10.2 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. General de Alquiler de Maquinaria's Operating Income for the six months ended in Jun. 2023 was € 10.4 Mil. General de Alquiler de Maquinaria's Interest Expense for the six months ended in Jun. 2023 was € -5.8 Mil. General de Alquiler de Maquinaria's Interest Coverage for the quarter that ended in Jun. 2023 was 1.81. 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.

General de Alquiler de Maquinaria Interest Expense Historical Data

The historical data trend for General de Alquiler de Maquinaria'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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General de Alquiler de Maquinaria Interest Expense Chart

General de Alquiler de Maquinaria Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-11.15

-13.56

-6.01

-7.15

-7.90

General de Alquiler de Maquinaria Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Interest Expense	Get a 7-Day Free Trial															-1.01	-6.14	-3.51	-4.38	-5.77

General de Alquiler de Maquinaria 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-10.2 Mil.

General de Alquiler de Maquinaria (LTS:0RTJ) 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.

General de Alquiler de Maquinaria's Interest Expense for the six months ended in Jun. 2023 was €-5.8 Mil. Its Operating Income for the six months ended in Jun. 2023 was €10.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was €239.9 Mil.

General de Alquiler de Maquinaria's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	10.425	/	-5.769
	=	1.81

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. General de Alquiler de Maquinaria SA interest coverage is 1.99, which is low.

General de Alquiler de Maquinaria (LTS:0RTJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » General de Alquiler de Maquinaria SA (LTS:0RTJ) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

GAM:Spain 4LX:Germany

Address

Carretera Nacional II/INTA s/n, San Fernando de Henares, Madrid, ESP

Website

http://www.gamalquiler.es

General de Alquiler de Maquinaria SA is a machinery rental company. The company's rental fleet includes compactors, compressors, dumpers, electric machinery, platforms, cranes, scaffolds and transport vehicles, as well as auxiliary equipment and machinery used in the infrastructure, agricultural, port, construction, industrial and energy sectors. In addition, the company is involved in the sale of second-hand equipment.

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