Clevon AS (OTSE:CLEV) Interest Expense : € Mil (TTM As of Jun. 2023)

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What is Clevon AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Clevon AS's interest expense for the six months ended in Jun. 2023 was € -0.07 Mil. Clevon AS does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Jun. 2023.

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. Clevon AS's Operating Income for the six months ended in Jun. 2023 was € -3.23 Mil. Clevon AS's Interest Expense for the six months ended in Jun. 2023 was € -0.07 Mil. Clevon 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.

Clevon AS Interest Expense Historical Data

The historical data trend for Clevon 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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Clevon AS Interest Expense Chart

Clevon AS Annual Data

Trend

Dec22

Interest Expense

-0.06

Clevon AS Semi-Annual Data
	Dec22	Jun23
Interest Expense	-	-0.07

Clevon AS Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Clevon AS (OTSE:CLEV) 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.

Clevon AS's Interest Expense for the six months ended in Jun. 2023 was €-0.07 Mil. Its Operating Income for the six months ended in Jun. 2023 was €-3.23 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was €1.40 Mil.

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

Clevon AS did not have earnings to cover the interest expense.

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