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Rovsing AS (OCSE:ROV) Interest Expense : kr-1.08 Mil (TTM As of Jun. 2024)


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What is Rovsing AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Rovsing AS's interest expense for the six months ended in Jun. 2024 was kr -0.38 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was kr-1.08 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. Rovsing AS's Operating Income for the six months ended in Jun. 2024 was kr 0.75 Mil. Rovsing AS's Interest Expense for the six months ended in Jun. 2024 was kr -0.38 Mil. Rovsing AS's Interest Coverage for the quarter that ended in Jun. 2024 was 1.96. 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.

Rovsing AS Interest Expense Historical Data

The historical data trend for Rovsing 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.

Rovsing AS Interest Expense Chart

Rovsing AS Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.14 -0.86 -1.03 -1.21 -1.08

Rovsing AS Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 Premium Member Only -0.52 -0.77 -0.44 -0.69 -0.38

Rovsing 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was kr-1.08 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.

Rovsing AS  (OCSE:ROV) 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.

Rovsing AS's Interest Expense for the six months ended in Jun. 2024 was kr-0.38 Mil. Its Operating Income for the six months ended in Jun. 2024 was kr0.75 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was kr5.20 Mil.

Rovsing AS'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*0.75/-0.383
=1.96

* 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. Rovsing ASs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Rovsing AS Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Rovsing AS (OCSE:ROV) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
Ejby Industrivej 34-38, Glostrup, DNK, 2600
Website
https://www.rovsing.dk
Rovsing A/S develops, manufactures and delivers systems for functional and electrical testing of spacecrafts and their payloads. The company's products and systems are used for testing of spacecraft sub-systems, including external communication connections and instruments. Its products are modular and are sold either on a stand-alone basis or used as modules in system solutions, customized for the specific spacecraft application. In connection with the configuration of system solutions, third parties' products are also used, and software is configured for the individual spacecraft needs.

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