ErreDue SpA (MIL:RDUE) Interest Expense : €-0.02 Mil (TTM As of Dec. 2023)

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What is ErreDue SpA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ErreDue SpA's interest expense for the six months ended in Dec. 2023 was € 0.02 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-0.02 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. ErreDue SpA's Operating Income for the six months ended in Dec. 2023 was € 2.25 Mil. ErreDue SpA's Interest Expense for the six months ended in Dec. 2023 was € 0.02 Mil. ErreDue SpA did not have earnings to cover the interest expense. 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.

ErreDue SpA Interest Expense Historical Data

The historical data trend for ErreDue 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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ErreDue SpA Interest Expense Chart

ErreDue SpA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.02

ErreDue SpA Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial			-0.01	-0.01	-0.01	-0.05	0.02

ErreDue 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 €-0.02 Mil.

ErreDue SpA (MIL:RDUE) 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.

ErreDue SpA's Interest Expense for the six months ended in Dec. 2023 was €0.02 Mil. Its Operating Income for the six months ended in Dec. 2023 was €2.25 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €2.19 Mil.

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

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. ErreDue SpA has enough cash to cover all of its debt. Its financial situation is stable.

ErreDue SpA (MIL:RDUE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ErreDue SpA (MIL:RDUE) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via G. Gozzano, 3, Livorno, ITA, 57121

Website

https://www.erreduegas.it

ErreDue SpA designs manufacture and markets solutions for the on-site production, blending, and purification of technical gases (hydrogen produced by electrolysis of water, nitrogen, and oxygen) intended for use in small, medium, and large industrial sites, laboratories, medical applications, applications related to the energy transition. Its range of products comprises High purity Hydrogen generators, High purity Nitrogen generators, Oxygen generators, and Purification systems for Nitrogen, Hydrogen, Oxygen, and complex gas mixtures.

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