Arco Vara AS (OTSE:ARC1T) Interest Expense : €-0.43 Mil (TTM As of Mar. 2024)

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What is Arco Vara AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Arco Vara AS's interest expense for the three months ended in Mar. 2024 was € -0.14 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-0.43 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. Arco Vara AS's Operating Income for the three months ended in Mar. 2024 was € -0.19 Mil. Arco Vara AS's Interest Expense for the three months ended in Mar. 2024 was € -0.14 Mil. Arco Vara 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.

Arco Vara AS Interest Expense Historical Data

The historical data trend for Arco Vara 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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Arco Vara AS Interest Expense Chart

Arco Vara AS Annual Data

Trend

Dec14

Dec15

Dec16

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Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.46

-0.68

-0.45

-0.37

-0.39

Arco Vara AS Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.10	-0.10	-0.07	-0.12	-0.14

Arco Vara 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-0.43 Mil.

Arco Vara AS (OTSE:ARC1T) 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.

Arco Vara AS's Interest Expense for the three months ended in Mar. 2024 was €-0.14 Mil. Its Operating Income for the three months ended in Mar. 2024 was €-0.19 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €7.90 Mil.

Arco Vara AS's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Arco Vara AS did not have earnings to cover the interest expense.

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

Arco Vara AS (OTSE:ARC1T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Arco Vara AS (OTSE:ARC1T) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Rotermanni 10, Tallinn, EST, 10111

Website

https://www.arcovara.com

Arco Vara AS is a real estate group in the Baltic States. The group is engaged in real estate development and services related to real estate. The main activity of the group is the development of complete living environments and related commercial real estate. In the development of the living environment, the completed homes are sold to the final consumer. The focus of the group is on the development of the residential real estate. The company operates in a single segment which is the construction and development segment. Its primary geographic markets are Estonia and Bulgaria.

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