VNE SpA (MIL:VNE) Interest Expense : € Mil (TTM As of Dec. 2023)

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What is VNE SpA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. VNE SpA's interest expense for the six months ended in Dec. 2023 was € -0.28 Mil. VNE 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. VNE SpA's Operating Income for the six months ended in Dec. 2023 was € -0.28 Mil. VNE SpA's Interest Expense for the six months ended in Dec. 2023 was € -0.28 Mil. VNE 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.

VNE SpA Interest Expense Historical Data

The historical data trend for VNE 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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VNE SpA Interest Expense Chart

VNE SpA Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-0.10

-0.17

-0.28

VNE SpA Semi-Annual Data
	Dec21	Dec22	Dec23
Interest Expense	-0.10	-0.17	-0.28

VNE SpA Interest Expense Calculation

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

VNE SpA (MIL:VNE) 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.

VNE SpA's Interest Expense for the six months ended in Dec. 2023 was €-0.28 Mil. Its Operating Income for the six months ended in Dec. 2023 was €-0.28 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €5.27 Mil.

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

VNE SpA did not have earnings to cover the interest expense.

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

VNE SpA Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Biagioni, 371 loc. Querceta, Seravezza (Lu), ITA, 55047

Website

https://www.vne.it

VNE SpA produces hardware and software for the management of banknotes, coins and more generally payments and transactions through cash and cashless systems, offering a wide range of customized products and boasting a production of over 7,000 machines a year. It creates, samples and produces all its appliances internally. The company offers consulting and commercial assistance all over the world through a stable and efficient operating network; moreover, it guarantees qualified and immediate maintenance and technical assistance anywhere on every type of machine. The main markets where the company operates internationally are gambling, retail & vending, casino & ticket and wherever there is a need to manage payments or automated transactions.