Innovatec SpA (MIL:INC) Interest Expense : €-5.0 Mil (TTM As of Dec. 2023)

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What is Innovatec SpA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Innovatec SpA's interest expense for the six months ended in Dec. 2023 was € -1.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-5.0 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. Innovatec SpA's Operating Income for the six months ended in Dec. 2023 was € 12.7 Mil. Innovatec SpA's Interest Expense for the six months ended in Dec. 2023 was € -1.4 Mil. Innovatec SpA's Interest Coverage for the quarter that ended in Dec. 2023 was 9.35. 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.

Innovatec SpA Interest Expense Historical Data

The historical data trend for Innovatec 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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Innovatec SpA Interest Expense Chart

Innovatec SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.48

-0.41

-2.88

-4.99

Innovatec SpA Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.10	-1.49	-1.39	-3.63	-1.36

Innovatec 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 €-5.0 Mil.

Innovatec SpA (MIL:INC) 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.

Innovatec SpA's Interest Expense for the six months ended in Dec. 2023 was €-1.4 Mil. Its Operating Income for the six months ended in Dec. 2023 was €12.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €47.8 Mil.

Innovatec 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	*	12.694	/	-1.357
	=	9.35

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

Innovatec SpA (MIL:INC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Innovatec SpA (MIL:INC) » Definitions » Interest Expense

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5JT:Germany

Address

Via Giovanni Bensi 12/3, Milano, ITA, 20152

Website

http://www.innovatec.it

Innovatec S.p.A. engaged in the field of energy efficiency and renewable energies. The group is an integrated energy service provider which develops and operates technology, products and services.

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