Innofactor Oyj (OHEL:IFA1V) Interest Expense : €-0.50 Mil (TTM As of Mar. 2024)

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What is Innofactor Oyj Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Innofactor Oyj's interest expense for the three months ended in Mar. 2024 was € -0.14 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-0.50 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. Innofactor Oyj's Operating Income for the three months ended in Mar. 2024 was € 1.84 Mil. Innofactor Oyj's Interest Expense for the three months ended in Mar. 2024 was € -0.14 Mil. Innofactor Oyj's Interest Coverage for the quarter that ended in Mar. 2024 was 13.60. 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.

Innofactor Oyj Interest Expense Historical Data

The historical data trend for Innofactor Oyj'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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Innofactor Oyj Interest Expense Chart

Innofactor Oyj Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-0.80

-1.78

-1.15

-0.62

-0.78

Innofactor Oyj Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.41	-0.19	0.13	-0.31	-0.14

Innofactor Oyj 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-0.50 Mil.

Innofactor Oyj (OHEL:IFA1V) 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.

Innofactor Oyj's Interest Expense for the three months ended in Mar. 2024 was €-0.14 Mil. Its Operating Income for the three months ended in Mar. 2024 was €1.84 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €2.23 Mil.

Innofactor Oyj's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	1.836	/	-0.135
	=	13.60

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

Innofactor Oyj (OHEL:IFA1V) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Innofactor Oyj (OHEL:IFA1V) » Definitions » Interest Expense

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TJG:Germany

Address

Keilaranta 9, Espoo, FIN, 02150

Website

https://www.innofactor.com

Innofactor Oyj is a software provider focused on Microsoft solutions in Nordic countries. The company delivers to its customers IT projects as a system integrator and develops its own software products and services. The focus of the company's product development is on cloud solutions for Microsoft and its ecosystem. The company has office locations in Finland, Sweden, Denmark and Norway. The sale of services generates maximum revenue for the company.

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