Neodecortech SpA (MIL:NDT) Interest Expense : €-2.5 Mil (TTM As of Sep. 2024)

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What is Neodecortech SpA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Neodecortech SpA's interest expense for the three months ended in Sep. 2024 was € -0.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was €-2.5 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. Neodecortech SpA's Operating Income for the three months ended in Sep. 2024 was € 1.9 Mil. Neodecortech SpA's Interest Expense for the three months ended in Sep. 2024 was € -0.8 Mil. Neodecortech SpA's Interest Coverage for the quarter that ended in Sep. 2024 was 2.35. 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.

Neodecortech SpA Interest Expense Historical Data

The historical data trend for Neodecortech 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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Neodecortech SpA Interest Expense Chart

Neodecortech SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.96

-1.58

-1.24

-2.29

-2.10

Neodecortech SpA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-0.81	-0.43	-0.64	-0.60	-0.83

Neodecortech 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-2.5 Mil.

Neodecortech SpA (MIL:NDT) 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.

Neodecortech SpA's Interest Expense for the three months ended in Sep. 2024 was €-0.8 Mil. Its Operating Income for the three months ended in Sep. 2024 was €1.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was €0.0 Mil.

Neodecortech SpA's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	1.944	/	-0.827
	=	2.35

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

Neodecortech SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Neodecortech SpA (MIL:NDT) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

FM2:Germany

Address

Via Provinciale 2, Filago, Bergamo, ITA, 24040

Website

https://www.neodecortech.it

Neodecortech SpA produces and markets decorative paper, decorative papers for furniture, and laminate flooring in the national and international markets. It manufactures decorative papers, printed decorative papers, finish foil, melamine-impregnated papers, printed thermoplastic film, and laminates. Its divisions include the Printed Decorative Paper Division, Decorative Paper Division, and Energy Division. The majority of its revenue is generated from the Decorative Paper Division segment.

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