AS Tallinna Vesi (OTSE:TVE1T) Interest Expense : €-4.32 Mil (TTM As of Sep. 2024)

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What is AS Tallinna Vesi Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AS Tallinna Vesi's interest expense for the three months ended in Sep. 2024 was € -1.06 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was €-4.32 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. AS Tallinna Vesi's Operating Income for the three months ended in Sep. 2024 was € 5.13 Mil. AS Tallinna Vesi's Interest Expense for the three months ended in Sep. 2024 was € -1.06 Mil. AS Tallinna Vesi's Interest Coverage for the quarter that ended in Sep. 2024 was 4.82. 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.

AS Tallinna Vesi Interest Expense Historical Data

The historical data trend for AS Tallinna Vesi'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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AS Tallinna Vesi Interest Expense Chart

AS Tallinna Vesi Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.94

-0.67

-0.36

-0.65

-3.20

AS Tallinna Vesi Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-0.92	-1.01	-1.16	-1.08	-1.06

AS Tallinna Vesi 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-4.32 Mil.

AS Tallinna Vesi (OTSE:TVE1T) 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.

AS Tallinna Vesi's Interest Expense for the three months ended in Sep. 2024 was €-1.06 Mil. Its Operating Income for the three months ended in Sep. 2024 was €5.13 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was €108.46 Mil.

AS Tallinna Vesi's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	5.13	/	-1.064
	=	4.82

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. AS Tallinna Vesi interest coverage is 4.11, which is low.

AS Tallinna Vesi Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » AS Tallinna Vesi (OTSE:TVE1T) » Definitions » Interest Expense

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A1T:Germany

Address

Adala 10, Tallinn, EST, 10614

Website

https://www.tallinnavesi.ee

AS Tallinna Vesi is a water utility company in Estonia. The business activity of the group is operated through two plants namely Ulemiste Water Treatment Plant and Paljassaare Wastewater Treatment Plant. It is engaged in water services which include the supply of water and treatment of wastewater services to people in Tallinn and in several neighboring municipalities of Tallinn. Further also engaged in construction and other services. In addition, it also offers other services such as drinking water and waste water analysis, water and sewerage pipeline works, design pipelines and pipeline construction, and others. It has three segments Water services, Construction services, and Other services. It generates the majority of its revenue from Water services segment.

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