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Aqua Bio Technology ASA (OSL:ABTEC) Interest Expense : kr-3.61 Mil (TTM As of Jun. 2023)


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What is Aqua Bio Technology ASA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Aqua Bio Technology ASA's interest expense for the six months ended in Jun. 2023 was kr -2.31 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was kr-3.61 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. Aqua Bio Technology ASA's Operating Income for the six months ended in Jun. 2023 was kr -8.04 Mil. Aqua Bio Technology ASA's Interest Expense for the six months ended in Jun. 2023 was kr -2.31 Mil. Aqua Bio Technology ASA 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.


Aqua Bio Technology ASA Interest Expense Historical Data

The historical data trend for Aqua Bio Technology ASA'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.

* Premium members only.

Aqua Bio Technology ASA Interest Expense Chart

Aqua Bio Technology ASA Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.19 -0.03 - -1.46 -2.24

Aqua Bio Technology ASA Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 Premium Member Only Premium Member Only -0.71 -0.75 -0.94 -1.30 -2.31

Aqua Bio Technology ASA 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was kr-3.61 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.


Aqua Bio Technology ASA  (OSL:ABTEC) 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.

Aqua Bio Technology ASA's Interest Expense for the six months ended in Jun. 2023 was kr-2.31 Mil. Its Operating Income for the six months ended in Jun. 2023 was kr-8.04 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was kr1.77 Mil.

Aqua Bio Technology ASA's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Aqua Bio Technology ASA 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.


Aqua Bio Technology ASA (OSL:ABTEC) Business Description

Traded in Other Exchanges
Address
Thormohlensgate 55, Bergen, NOR, 5008
Aqua Bio Technology ASA develops, produces and markets active ingredients for the personal care industry. It creates products for personal care, healthcare, and cosmetics with the help of marine biotechnology. ABT's brands include Moana-Organic skin care and Cuvget-Arctic skin care.

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