PhotoCure ASA (PhotoCure ASA) Interest Expense : $-2.74 Mil (TTM As of Mar. 2024)

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What is PhotoCure ASA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. PhotoCure ASA's interest expense for the three months ended in Mar. 2024 was $ -1.06 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-2.74 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. PhotoCure ASA's Operating Income for the three months ended in Mar. 2024 was $ 0.07 Mil. PhotoCure ASA's Interest Expense for the three months ended in Mar. 2024 was $ -1.06 Mil. PhotoCure ASA's Interest Coverage for the quarter that ended in Mar. 2024 was 0.07. 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.

PhotoCure ASA Interest Expense Historical Data

The historical data trend for PhotoCure ASA'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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PhotoCure ASA Interest Expense Chart

PhotoCure ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.03

-0.81

-2.65

-2.61

-2.50

PhotoCure ASA 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															-0.78	-0.83	-1.07	0.22	-1.06

PhotoCure ASA 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 $-2.74 Mil.

PhotoCure ASA (OTCPK:PHCUF) 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.

PhotoCure ASA's Interest Expense for the three months ended in Mar. 2024 was $-1.06 Mil. Its Operating Income for the three months ended in Mar. 2024 was $0.07 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $0.00 Mil.

PhotoCure ASA's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	0.07	/	-1.062
	=	0.07

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

PhotoCure ASA (PhotoCure ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » PhotoCure ASA (OTCPK:PHCUF) » Definitions » Interest Expense

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PHOO:Sweden PHO:Norway 0IMT:UK

Address

Hoffsveien 4, Oslo, NOR, 0275

Website

https://www.photocure.com

PhotoCure ASA is a Norway-based business group associated with the research, development, production, distribution, marketing, and sales of pharmaceutical products specialty pharmaceutical companies. Its technology platform is focused on the field of photodynamic diagnosis and treatment of cancer. It has two operating segments of the group the Commercial franchise and the Development portfolio. It generates prime revenue from the Commercial franchise segment, which includes Hexvix and Cysview products. Its geographical segments are Nordic countries, Germany, France, Austria, the United Kingdom, Netherlands, Other European countries, and the United States.