LapWall Oyj (OHEL:LAPWALL) Interest Expense : €-0.03 Mil (TTM As of Jun. 2024)

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What is LapWall Oyj Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. LapWall Oyj's interest expense for the six months ended in Jun. 2024 was € -0.03 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was €-0.03 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. LapWall Oyj's Operating Income for the six months ended in Jun. 2024 was € 1.68 Mil. LapWall Oyj's Interest Expense for the six months ended in Jun. 2024 was € -0.03 Mil. LapWall Oyj's Interest Coverage for the quarter that ended in Jun. 2024 was 67.36. 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.

LapWall Oyj Interest Expense Historical Data

The historical data trend for LapWall 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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LapWall Oyj Interest Expense Chart

LapWall Oyj Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Interest Expense

-0.56

-0.47

-0.16

-0.77

LapWall Oyj Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Jun24
Interest Expense	Get a 7-Day Free Trial			-0.05	-0.71	-0.03	-	-0.03

LapWall 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-0.03 Mil.

LapWall Oyj (OHEL:LAPWALL) 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.

LapWall Oyj's Interest Expense for the six months ended in Jun. 2024 was €-0.03 Mil. Its Operating Income for the six months ended in Jun. 2024 was €1.68 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was €0.71 Mil.

LapWall Oyj'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	*	1.684	/	-0.025
	=	67.36

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. LapWall Oyj has enough cash to cover all of its debt. Its financial situation is stable.

LapWall Oyj Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » LapWall Oyj (OHEL:LAPWALL) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Periojantie 3, Pyhanta, FIN, 92930

Website

https://www.lapwall.fi

LapWall Oyj is a manufacturer and developer of wood elements. The LapWall LEK - Element System covers everything from sales to installation. LapWall LEKO - Element System contains more than 50 products, all of which are wooden elements.

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