Q-Free ASA (Q-Free ASA) Interest Expense : $-1.7 Mil (TTM As of Sep. 2023)

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What is Q-Free ASA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Q-Free ASA's interest expense for the three months ended in Sep. 2023 was $ -0.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-1.7 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. Q-Free ASA's Operating Income for the three months ended in Sep. 2023 was $ 1.0 Mil. Q-Free ASA's Interest Expense for the three months ended in Sep. 2023 was $ -0.5 Mil. Q-Free ASA's Interest Coverage for the quarter that ended in Sep. 2023 was 2.06. 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.

Q-Free ASA Interest Expense Historical Data

The historical data trend for Q-Free 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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Q-Free ASA Interest Expense Chart

Q-Free ASA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-1.19

-1.46

-2.25

-1.06

-1.20

Q-Free ASA Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-0.55	-0.25	-0.49	-0.46	-0.48

Q-Free 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.7 Mil.

Q-Free ASA (OTCPK:QFREF) 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.

Q-Free ASA's Interest Expense for the three months ended in Sep. 2023 was $-0.5 Mil. Its Operating Income for the three months ended in Sep. 2023 was $1.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $15.8 Mil.

Q-Free ASA's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	0.982	/	-0.477
	=	2.06

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

Q-Free ASA (Q-Free ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Q-Free ASA (OTCPK:QFREF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Strindfjordvegen 1, Ranheim, NOR, 7053

Website

https://www.q-free.com

Q-Free ASA is engaged in the business of supplying products and solutions within Road User Charging (RUC) and Advanced Transportation Management Systems (ATMs). The company has three segments, namely Tolling, Traffic Management, and Assets held for sale. The majority of its revenue comes from the Tolling segment. Its Tolling solutions include Electronic Multi-Lane Free-Flow Toll Collection, Congestion Charging & Low-Emission Zones, Road User Charging, Enforcement, and Truck & Ferry Tolling. Its geographical segments are Europe, APMEA (Asia Pacific/Middle East/Africa), and the Americas.

Q-Free ASA (Q-Free ASA) Headlines

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