NNIT AS (STU:5NN) Interest Expense : €-3.2 Mil (TTM As of Dec. 2024)

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What is NNIT AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NNIT AS's interest expense for the six months ended in Dec. 2024 was € -1.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was €-3.2 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. NNIT AS's Operating Income for the six months ended in Dec. 2024 was € 8.2 Mil. NNIT AS's Interest Expense for the six months ended in Dec. 2024 was € -1.5 Mil. NNIT AS's Interest Coverage for the quarter that ended in Dec. 2024 was 5.55. 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.

NNIT AS Interest Expense Historical Data

The historical data trend for NNIT 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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NNIT AS Interest Expense Chart

NNIT AS Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-1.34

-1.35

-2.15

-4.56

-3.22

NNIT AS Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Interest Expense	Get a 7-Day Free Trial															-0.27	-4.97	0.40	-1.74	-1.48

NNIT AS 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 Dec. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-3.2 Mil.

NNIT AS (STU:5NN) 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.

NNIT AS's Interest Expense for the six months ended in Dec. 2024 was €-1.5 Mil. Its Operating Income for the six months ended in Dec. 2024 was €8.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2024 was €38.1 Mil.

NNIT AS's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	8.179	/	-1.475
	=	5.55

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

NNIT AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NNIT AS (STU:5NN) » Definitions » Interest Expense

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0R5Z:UK NNIT:Denmark

Address

Oestmarken 3A, Soeborg, DNK, 2860

Website

https://www.nnit.com

NNIT AS is a Denmark-based company that offers consultancy services in IT (Information Technology) development, implementation, and operations. The services provided by the company include advising, building, implementing, managing, and supporting IT solutions and operating IT systems for customers. The company's reporting segment comprises of Region Denmark; Region Europe; Region US, and Region Asia out of which Region Denmark derives the majority of revenue.

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