Norrhydro Group Oyj (OHEL:NORRH) Interest Expense : €-1.20 Mil (TTM As of Dec. 2023)

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What is Norrhydro Group Oyj Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Norrhydro Group Oyj's interest expense for the six months ended in Dec. 2023 was € -0.62 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-1.20 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. Norrhydro Group Oyj's Operating Income for the six months ended in Dec. 2023 was € -0.97 Mil. Norrhydro Group Oyj's Interest Expense for the six months ended in Dec. 2023 was € -0.62 Mil. Norrhydro Group Oyj 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.

Norrhydro Group Oyj Interest Expense Historical Data

The historical data trend for Norrhydro Group 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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Norrhydro Group Oyj Interest Expense Chart

Norrhydro Group Oyj Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.60

-0.63

-0.59

-0.75

-1.20

Norrhydro Group Oyj Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial				-0.31	-0.30	-0.44	-0.57	-0.62

Norrhydro Group 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-1.20 Mil.

Norrhydro Group Oyj (OHEL:NORRH) 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.

Norrhydro Group Oyj's Interest Expense for the six months ended in Dec. 2023 was €-0.62 Mil. Its Operating Income for the six months ended in Dec. 2023 was €-0.97 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €7.25 Mil.

Norrhydro Group Oyj's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Norrhydro Group Oyj did not have earnings to cover the interest expense.

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

Norrhydro Group Oyj (OHEL:NORRH) Business Description

Industry

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Traded in Other Exchanges

U7X:Germany

Address

Ratavartijankatu 2, P.O.Box 8075, Rovaniemi, FIN, 96100

Website

https://www.norrhydro.com

Norrhydro Group Oyj is a provider of hydraulic cylinders in the Nordic countries. The company develops and manufactures hydraulic solutions for the needs of the forest machine, material handling, mining, civil engineering, and marine industries.

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