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GreenMobility AS (OCSE:GREENM) Interest Expense : kr-9.6 Mil (TTM As of Dec. 2024)


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What is GreenMobility AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. GreenMobility AS's interest expense for the six months ended in Dec. 2024 was kr -4.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was kr-9.6 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. GreenMobility AS's Operating Income for the six months ended in Dec. 2024 was kr 7.6 Mil. GreenMobility AS's Interest Expense for the six months ended in Dec. 2024 was kr -4.3 Mil. GreenMobility AS's Interest Coverage for the quarter that ended in Dec. 2024 was 1.76. 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.

GreenMobility AS Interest Expense Historical Data

The historical data trend for GreenMobility AS'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.

* Premium members only.

GreenMobility AS Interest Expense Chart

GreenMobility AS Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.22 -2.47 -2.46 -5.18 -9.60

GreenMobility AS Semi-Annual Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.66 -2.93 -2.26 -5.26 -4.34

GreenMobility AS 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was kr-9.6 Mil.

* 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.

GreenMobility AS  (OCSE:GREENM) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

GreenMobility AS's Interest Expense for the six months ended in Dec. 2024 was kr-4.3 Mil. Its Operating Income for the six months ended in Dec. 2024 was kr7.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2024 was kr62.9 Mil.

GreenMobility AS's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Dec. 2024 )/Interest Expense (Q: Dec. 2024 )
=-1*7.619/-4.338
=1.76

* 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.

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. GreenMobility AS interest coverage is 1.24, which is low.

GreenMobility AS Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » GreenMobility AS (OCSE:GREENM) » Definitions » Interest Expense
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Traded in Other Exchanges
2G9:Germany
Address
Landgreven 3, 4. floor, Copenhagen, DNK, 1301
Website
https://www.greenmobility.com
GreenMobility AS offers modern urbanites easy, flexible and sustainable transport in the form of electric, shared city cars. Users have access to these cars via the GreenMobility app. Trips are paid per minute, through minute packages, or on daily basis. GreenMobility operates a total of 1600 EVs in Copenhagen, Aarhus, Malmo, Gothenburg, Antwerp, Gent and Helsinki. More than 200,000 people have signed up with GreenMobility. The company sees a rapidly growing market for car sharing in large cities that demand green transport for their citizens and to reduce the number of private cars. Geographically it derives key revenue from domestic sales in Denmark.

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