Mig Holdings (Mig Holdings) Interest Expense : $-14.35 Mil (TTM As of Dec. 2023)

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What is Mig Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mig Holdings's interest expense for the six months ended in Dec. 2023 was $ -2.04 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-14.35 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. Mig Holdings's Operating Income for the six months ended in Dec. 2023 was $ 0.29 Mil. Mig Holdings's Interest Expense for the six months ended in Dec. 2023 was $ -2.04 Mil. Mig Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 0.14. 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.

Mig Holdings Interest Expense Historical Data

The historical data trend for Mig Holdings'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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Mig Holdings Interest Expense Chart

Mig Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-48.71

-51.63

-24.11

-26.08

-14.43

Mig Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-2.72	-11.25	-14.80	-12.31	-2.04

Mig Holdings 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 $-14.35 Mil.

Mig Holdings (OTCPK:MRFGF) 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.

Mig Holdings's Interest Expense for the six months ended in Dec. 2023 was $-2.04 Mil. Its Operating Income for the six months ended in Dec. 2023 was $0.29 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $100.17 Mil.

Mig Holdings'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	*	0.294	/	-2.041
	=	0.14

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

Mig Holdings (Mig Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Mig Holdings SA (OTCPK:MRFGF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MIG:Greece M3K0:Germany

Address

El. Venizelou 10, Athens, GRC, 106 71

Website

http://www.marfininvestmentgroup.com

Mig Holdings SA is an investment holding company. Through its subsidiaries, the company operates its business in various segments which include Transportation, Financial Services, Real Estate, and Others. The majority of the company's revenues are generated through the Real Estate segment. This activity consists of the purchase of real estate and exercising ownership of that real estate. Geographically, it operates in Greece, European Countries, and Other countries, out of which the majority is from European countries.

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