Infortar AS (OTSE:INF1T) Interest Expense : €-23 Mil (TTM As of Dec. 2023)

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What is Infortar AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Infortar AS's interest expense for the six months ended in Dec. 2023 was € -23 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-23 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. Infortar AS's Operating Income for the six months ended in Dec. 2023 was € 126 Mil. Infortar AS's Interest Expense for the six months ended in Dec. 2023 was € -23 Mil. Infortar AS's Interest Coverage for the quarter that ended in Dec. 2023 was 5.57. 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.

Infortar AS Interest Expense Historical Data

The historical data trend for Infortar 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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Infortar AS Interest Expense Chart

Infortar AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-3.70

-4.17

-8.22

-22.57

Infortar AS Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Interest Expense	-3.70	-4.17	-8.22	-22.57

Infortar AS Interest Expense Calculation

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

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-23 Mil.

Infortar AS (OTSE:INF1T) 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.

Infortar AS's Interest Expense for the six months ended in Dec. 2023 was €-23 Mil. Its Operating Income for the six months ended in Dec. 2023 was €126 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €255 Mil.

Infortar AS'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	*	125.733	/	-22.573
	=	5.57

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

Infortar AS (OTSE:INF1T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Infortar AS (OTSE:INF1T) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

X8K:Germany

Address

Sadama 5, Tallinn, EST, 10111

Website

https://www.infortar.ee

Infortar AS is an investment holding company in the Baltics. The group focus is on four segment areas which are energy, shipping, real estate, and others. Energy segment consisting of natural gas and electricity trade and sale, natural gas distribution service, sale and bunkering of liquefied natural gas, sale of compressed gas, biomethane production, and solar electricity production, Real estate segment consisting of hotels, office buildings, logistics center, and other real estate object, and Other segment which predominantly includes construction, drug and pharmacy wholesale, building materials, printing, taxicab, and other activities.

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