Kreate Group (OHEL:KREATE) Interest Expense : €-2.9 Mil (TTM As of Sep. 2024)

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What is Kreate Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kreate Group's interest expense for the three months ended in Sep. 2024 was € -0.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was €-2.9 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. Kreate Group's Operating Income for the three months ended in Sep. 2024 was € 2.7 Mil. Kreate Group's Interest Expense for the three months ended in Sep. 2024 was € -0.7 Mil. Kreate Group's Interest Coverage for the quarter that ended in Sep. 2024 was 3.86. 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.

Kreate Group Interest Expense Historical Data

The historical data trend for Kreate Group'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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Kreate Group Interest Expense Chart

Kreate Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-1.17

-2.14

-1.09

-2.56

Kreate Group Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial													-1.10	-0.80	-0.90	-0.50	-0.70

Kreate Group 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-2.9 Mil.

Kreate Group (OHEL:KREATE) 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.

Kreate Group's Interest Expense for the three months ended in Sep. 2024 was €-0.7 Mil. Its Operating Income for the three months ended in Sep. 2024 was €2.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was €28.3 Mil.

Kreate Group's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	2.7	/	-0.7
	=	3.86

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

Kreate Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Kreate Group PLC (OHEL:KREATE) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Haarakaari 42, Tuusula, FIN, 04360

Website

https://www.kreate.fi

Kreate Group PLC provides solutions for bridges, roads, and tracks, environmental and foundation construction. The services of the company include Bridge construction and repair, Circular economy, Foundation and concrete construction, Rock engineering, Special foundation construction, and Transport infrastructure construction. The company has one operating segment: Infrastructure Construction.

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