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Raketech Group Holding (OSTO:RAKE) Interest Expense : kr-16.6 Mil (TTM As of Dec. 2023)


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What is Raketech Group Holding Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Raketech Group Holding's interest expense for the three months ended in Dec. 2023 was kr -4.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was kr-16.6 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. Raketech Group Holding's Operating Income for the three months ended in Dec. 2023 was kr 31.2 Mil. Raketech Group Holding's Interest Expense for the three months ended in Dec. 2023 was kr -4.5 Mil. Raketech Group Holding's Interest Coverage for the quarter that ended in Dec. 2023 was 6.94. 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.

Raketech Group Holding Interest Expense Historical Data

The historical data trend for Raketech Group Holding'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.

Raketech Group Holding Interest Expense Chart

Raketech Group Holding Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only -10.04 -9.46 -4.48 -11.46 -16.21

Raketech Group Holding Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -3.10 -3.53 -4.11 -4.50 -4.50

Raketech Group Holding 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 quarterly data reported by the company within the most recent 12 months, which was kr-16.6 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.

Raketech Group Holding  (OSTO:RAKE) 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.

Raketech Group Holding's Interest Expense for the three months ended in Dec. 2023 was kr-4.5 Mil. Its Operating Income for the three months ended in Dec. 2023 was kr31.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was kr0.0 Mil.

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

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*31.209/-4.497
=6.94

* 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.

Raketech Group Holding (OSTO:RAKE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Raketech Group Holding PLC (OSTO:RAKE) » Definitions » Interest Expense
Comparable Companies
OSTO:ADTR NGM:ADVT OSTO:TRAD OSTO:LINKFI OSTO:AYIMA B XSAT:MODI XSAT:SOCIAL XSAT:BRANDB XPAR:PUB OMC SZSE:002027 IPG LSE:WPP TSE:4324 XPAR:DEC TSE:2433 SAU:4071 ZD TSE:4751 XTER:SAX
Traded in Other Exchanges
N/A
Address
Fawwara building, Soho office, The Strand, Triq l-Imsida, Gzira, MLT, GZR 1401
Website
https://www.raketech.com
Raketech Group Holding PLC operates as an online affiliate and performance marketing company. Its primary business involves offering products that guide users in the iGaming market who are interested in sports and gambling, to gambling services. Its portfolio includes Casinos, Sports, and Crypto. It also offers its services as a software (sub-affiliation) and provides data-driven betting advice to consumers and its primary goal is to generate high-quality leads and targeted advertisement space by providing relevant and engaging content to users interested in sports, casinos, and betting. Its Services include Affiliation-as-a service, Affiliation marketing, and Betting tips & subscription.

Raketech Group Holding (OSTO:RAKE) Headlines

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