SHMD (Schmid Group NV) Interest Expense : $-22.78 Mil (TTM As of Jun. 2024)

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What is Schmid Group NV Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Schmid Group NV's interest expense for the six months ended in Jun. 2024 was $ -4.27 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was $-22.78 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. Schmid Group NV's Operating Income for the six months ended in Jun. 2024 was $ -9.73 Mil. Schmid Group NV's Interest Expense for the six months ended in Jun. 2024 was $ -4.27 Mil. Schmid Group NV 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.

Schmid Group NV Interest Expense Historical Data

The historical data trend for Schmid Group NV'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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Schmid Group NV Interest Expense Chart

Schmid Group NV Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-20.36

-18.80

-11.00

Schmid Group NV Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial			-6.94	-11.85	-	-18.51	-4.27

Schmid Group NV 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-22.78 Mil.

Schmid Group NV (NAS:SHMD) 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.

Schmid Group NV's Interest Expense for the six months ended in Jun. 2024 was $-4.27 Mil. Its Operating Income for the six months ended in Jun. 2024 was $-9.73 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was $33.44 Mil.

Schmid Group NV's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Schmid Group NV did not have earnings to cover the interest expense.

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

Schmid Group NV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Schmid Group NV (NAS:SHMD) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Robert-Bosch-Street 32-36, Freudenstadt, BW, DEU, 72250

Website

https://www.schmid-group.com

Schmid Group NV is a global supplier of equipment, software and services for various industries such as printed circuit board (PCB), substrate manufacturing, photovoltaics, and glass and energy storage with a focus on the highest end of this market in terms of technology and performance. It focuses on a modular product portfolio of machinery to use in the manufacturing of high-end PCB equipment and semiconductor packaging devices which includes common flexible circuit fabrication techniques such as subtractive, semi-additive processes (SAP) and modified semi-additive processes (mSAP).

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