M Vest Water AS (OSL:MVW) Interest Expense : kr-0.52 Mil (TTM As of Sep. 2024)

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What is M Vest Water AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. M Vest Water AS's interest expense for the three months ended in Sep. 2024 was kr -0.06 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was kr-0.52 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. M Vest Water AS's Operating Income for the three months ended in Sep. 2024 was kr -5.91 Mil. M Vest Water AS's Interest Expense for the three months ended in Sep. 2024 was kr -0.06 Mil. M Vest Water AS 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.

M Vest Water AS Interest Expense Historical Data

The historical data trend for M Vest Water AS'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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M Vest Water AS Interest Expense Chart

M Vest Water AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.03

-0.09

-0.48

-0.36

-0.38

M Vest Water AS Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial													-0.08	-0.13	-0.21	-0.12	-0.06

M Vest Water AS 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 kr-0.52 Mil.

M Vest Water AS (OSL:MVW) 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.

M Vest Water AS's Interest Expense for the three months ended in Sep. 2024 was kr-0.06 Mil. Its Operating Income for the three months ended in Sep. 2024 was kr-5.91 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was kr0.00 Mil.

M Vest Water AS's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

M Vest Water AS did not have earnings to cover the interest expense.

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

M Vest Water AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » M Vest Water AS (OSL:MVW) » Definitions » Interest Expense

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7YA:Germany

Address

Espehaugen 54, Blomsterdalen, Bergen, NOR, 5258

Website

https://www.mvestwater.com

M Vest Water AS is an environmental technology company that has developed products and solutions for the water treatment industry, both in Industrial as well as Municipal markets. It is engaged in providing products and equipment utilized for the treatment and purification of water and wastewater. The company focuses on the oil and gas industry, aquaculture, and other industries, although the available technology can be applied for cleaning water across various industries. The product portfolio of the company comprises of NorwaFloc, NORWAPOL, and AFM.

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