Porto Aviation Group SpA (MIL:PAG) Interest Expense : € Mil (TTM As of Dec. 2023)

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What is Porto Aviation Group SpA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Porto Aviation Group SpA's interest expense for the six months ended in Dec. 2023 was € -0.01 Mil. Porto Aviation Group SpA does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Dec. 2023.

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. Porto Aviation Group SpA's Operating Income for the six months ended in Dec. 2023 was € 0.18 Mil. Porto Aviation Group SpA's Interest Expense for the six months ended in Dec. 2023 was € -0.01 Mil. Porto Aviation Group SpA's Interest Coverage for the quarter that ended in Dec. 2023 was 17.90. 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.

Porto Aviation Group SpA Interest Expense Historical Data

The historical data trend for Porto Aviation Group 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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Porto Aviation Group SpA Interest Expense Chart

Porto Aviation Group SpA Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-0.01

Porto Aviation Group SpA Semi-Annual Data
	Dec21	Dec22	Dec23
Interest Expense	-0.01	-0.01	-0.01

Porto Aviation Group SpA Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Porto Aviation Group SpA (MIL:PAG) 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.

Porto Aviation Group SpA's Interest Expense for the six months ended in Dec. 2023 was €-0.01 Mil. Its Operating Income for the six months ended in Dec. 2023 was €0.18 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €0.99 Mil.

Porto Aviation Group 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	*	0.179	/	-0.01
	=	17.90

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

Porto Aviation Group SpA (MIL:PAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Porto Aviation Group SpA (MIL:PAG) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

M2N:Germany

Address

Via Confalonieri 22, Cremella, Lecco, ITA, 23894

Website

https://www.portoaviationgroup.com

Porto Aviation Group SpA designs, constructs, and markets single-engine aircraft. The group develops an activity of manufacturing aeronautical components, particularly propellers, propeller systems, control systems, wheels, braking systems, hydraulic components, fuel systems, aluminum alloy sections, and tubes.