Ecomembrane SpA (MIL:ECMB) Interest Expense : €-0.12 Mil (TTM As of Dec. 2023)

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What is Ecomembrane SpA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ecomembrane SpA's interest expense for the six months ended in Dec. 2023 was € -0.05 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-0.12 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. Ecomembrane SpA's Operating Income for the six months ended in Dec. 2023 was € 1.98 Mil. Ecomembrane SpA's Interest Expense for the six months ended in Dec. 2023 was € -0.05 Mil. Ecomembrane SpA's Interest Coverage for the quarter that ended in Dec. 2023 was 40.31. 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.

Ecomembrane SpA Interest Expense Historical Data

The historical data trend for Ecomembrane SpA'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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Ecomembrane SpA Interest Expense Chart

Ecomembrane SpA Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-0.05

-0.08

-0.12

Ecomembrane SpA Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23
Interest Expense	-	-	-0.08	-0.05

Ecomembrane SpA 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-0.12 Mil.

Ecomembrane SpA (MIL:ECMB) 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.

Ecomembrane SpA's Interest Expense for the six months ended in Dec. 2023 was €-0.05 Mil. Its Operating Income for the six months ended in Dec. 2023 was €1.98 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €1.07 Mil.

Ecomembrane SpA's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	1.975	/	-0.049
	=	40.31

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

Ecomembrane SpA (MIL:ECMB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Ecomembrane SpA (MIL:ECMB) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Pari Opportunita n. 9, Gadesco, Pieve Delmona, ITA, 26030

Website

https://www.ecomembrane.com

Ecomembrane SpA operates in the sector of design, sale and installation of components for biogas and biomethane production plants and gas storage systems, such as biogas, methane, CO2 and hydrogen. Specifically, it carries out production activity which mainly takes the form of cutting, high-frequency welding and packaging of membrane covers using, as the main material, PVC-coated polyester fabric. The company operates globally and has the most extensive network in the world in terms of installations as well as production structure. Its products include 3Master, 2 Master, Cupola M2- heat shield, Cupola M3, Econtainer, M1 cone, and Claricover.

Ecomembrane SpA (MIL:ECMB) Headlines

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