Websolute SpA (MIL:WBS) Interest Expense : €-0.25 Mil (TTM As of Jun. 2024)

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What is Websolute SpA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Websolute SpA's interest expense for the six months ended in Jun. 2024 was € -0.13 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was €-0.25 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. Websolute SpA's Operating Income for the six months ended in Jun. 2024 was € 1.22 Mil. Websolute SpA's Interest Expense for the six months ended in Jun. 2024 was € -0.13 Mil. Websolute SpA's Interest Coverage for the quarter that ended in Jun. 2024 was 9.22. 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.

Websolute SpA Interest Expense Historical Data

The historical data trend for Websolute 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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Websolute SpA Interest Expense Chart

Websolute SpA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.09

-0.08

-0.09

-0.10

-0.21

Websolute SpA Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial								-0.04	-0.06	-0.09	-0.12	-0.13

Websolute 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-0.25 Mil.

Websolute SpA (MIL:WBS) 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.

Websolute SpA's Interest Expense for the six months ended in Jun. 2024 was €-0.13 Mil. Its Operating Income for the six months ended in Jun. 2024 was €1.22 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was €5.24 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	1.217	/	-0.132
	=	9.22

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

Websolute SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Websolute SpA (MIL:WBS) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Strada della Campanara, 15, Pesaro, ITA, 61122

Website

https://www.websolute.com

Websolute SpA is engaged in the development of solutions and services in the fields of digital communication and marketing. The various services offered by the company include the design and development of digital marketing solutions, the development of digital communication and e-commerce platforms, development and management of influencer marketing platforms, providing academic training services in the digital field, and software development among others. Maximum revenue is derived from its digital marketing business.