Resqunit AB (OSTO:RESQ) Interest Expense : kr-0.40 Mil (TTM As of Jun. 2023)

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What is Resqunit AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Resqunit AB's interest expense for the six months ended in Jun. 2023 was kr -0.21 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was kr-0.40 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. Resqunit AB's Operating Income for the six months ended in Jun. 2023 was kr -4.56 Mil. Resqunit AB's Interest Expense for the six months ended in Jun. 2023 was kr -0.21 Mil. Resqunit AB 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.

Resqunit AB Interest Expense Historical Data

The historical data trend for Resqunit AB'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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Resqunit AB Interest Expense Chart

Resqunit AB Annual Data

Trend

Dec21

Dec22

Interest Expense

-0.22

Resqunit AB Semi-Annual Data
	Jun21	Jun22	Dec22	Jun23
Interest Expense	-0.01	-0.03	-0.19	-0.21

Resqunit AB 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-0.40 Mil.

Resqunit AB (OSTO:RESQ) 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.

Resqunit AB's Interest Expense for the six months ended in Jun. 2023 was kr-0.21 Mil. Its Operating Income for the six months ended in Jun. 2023 was kr-4.56 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was kr5.05 Mil.

Resqunit AB's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Resqunit AB did not have earnings to cover the interest expense.

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

Resqunit AB (OSTO:RESQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Resqunit AB (OSTO:RESQ) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Grenseveien 21, Sandnes, NOR, 4313

Website

https://www.resqunit.com

Resqunit AB is an ocean tech company developing innovative equipment to disarm and retrieve lost fishing gear. Through sensor data collection and software, the company aims to increase knowledge about the oceans and increase catch predictability.

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