Spark Technology AS (OCSE:SPARK) Interest Expense: kr-16.67 Mil (TTM As of Jun. 2024)

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What is Spark Technology AS Interest Expense?

Spark Technology AS OCSE:SPARK Interest Expense is kr-16.67 Mil as of Jun. 2024.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Spark Technology AS's interest expense for the six months ended in Jun. 2024 was kr -3.70 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was kr-16.67 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. Spark Technology AS's Operating Income for the six months ended in Jun. 2024 was kr -18.90 Mil. Spark Technology AS's Interest Expense for the six months ended in Jun. 2024 was kr -3.70 Mil. Spark Technology AS 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.

Spark Technology AS  (OCSE:SPARK) 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.

Spark Technology AS's Interest Expense for the six months ended in Jun. 2024 was kr-3.70 Mil. Its Operating Income for the six months ended in Jun. 2024 was kr-18.90 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was kr55.31 Mil.

Spark Technology AS's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Spark Technology AS did not have earnings to cover the interest expense.

* 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.

Spark Technology AS Interest Expense Historical Data

* Premium members only.

The historical data trend for Spark Technology 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.

Spark Technology AS Interest Expense Chart

Spark Technology AS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.11 -0.45 -0.64 -4.90 -17.55

Spark Technology AS Semi-Annual Data
Dec14 Dec15 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 -0.41 -4.90 -4.59 -12.97 -3.70

Spark Technology 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-16.67 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of kr-16.67 Mil mean?
Spark Technology AS (OCSE:SPARK) has a Interest Expense of kr-16.67 Mil as of Jun. 2024. Interest Expense is the amount a company pays on its long-term debt. View historical data on Spark Technology AS and its competitors.
Is Spark Technology AS's Interest Expense too high?
Spark Technology AS's current Interest Expense is kr-16.67 Mil.
How does Spark Technology AS's Interest Expense compare to MS and GS?
Spark Technology AS's Interest Expense of kr-16.67 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for a Capital Markets company?
A good Interest Expense depends on the Capital Markets industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Spark Technology AS and its competitors. Spark Technology AS's current Interest Expense is kr-16.67 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spark Technology AS stock overvalued right now?
Spark Technology AS (OCSE:SPARK) has a current Interest Expense of kr-16.67 Mil. The current Interest Expense is kr-16.67 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For Spark Technology AS (OCSE:SPARK), the current Interest Expense is kr-16.67 Mil as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Spark Technology AS Business Description

Address H 76, 4, Copenhagen S, DNK, 2300
Spark Technology AS formerly Spenn Technology A/S is a a FinTech group providing electronic banking and payments services. The group's two primary solutions are the SPENN platform, a Software as a Service (SaaS) core banking platform and Kazang Zambia, its vendor terminal payments processor. The Company generated majority of its revenue from a solution as a part of the SPENN platform Kazang Zambia.