Horisont Energi AS (STU:9GJ) Interest Expense : €-0.05 Mil (TTM As of Dec. 2024)

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What is Horisont Energi AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Horisont Energi AS's interest expense for the three months ended in Dec. 2024 was € -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was €-0.05 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. Horisont Energi AS's Operating Income for the three months ended in Dec. 2024 was € -1.84 Mil. Horisont Energi AS's Interest Expense for the three months ended in Dec. 2024 was € -0.01 Mil. Horisont Energi AS 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.

Horisont Energi AS Interest Expense Historical Data

The historical data trend for Horisont Energi 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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Horisont Energi AS Interest Expense Chart

Horisont Energi AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-0.01

-0.02

-0.05

Horisont Energi AS Quarterly Data
	Dec19	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial													-0.01	-0.01	-0.01	-0.01	-0.01

Horisont Energi 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 quarterly data reported by the company within the most recent 12 months, which was €-0.05 Mil.

Horisont Energi AS (STU:9GJ) 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.

Horisont Energi AS's Interest Expense for the three months ended in Dec. 2024 was €-0.01 Mil. Its Operating Income for the three months ended in Dec. 2024 was €-1.84 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was €0.06 Mil.

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

Horisont Energi AS did not have earnings to cover the interest expense.

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

Horisont Energi AS Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Horisont Energi AS (STU:9GJ) » Definitions » Interest Expense

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HRGI:Norway 9GJ:Germany

Address

Grenseveien 21, Sandnes, NOR, 4313

Website

https://www.horisontenergi.no

Horisont Energi AS is a Norwegian clean energy, carbon infrastructure, and storage company. It is developing blue hydrogen, blue ammonia, and carbon storage solutions, providing clean energy and carbon transport, and storage services. The company transforms gas, water, and renewable energy into clean ammonia and hydrogen and offers CO2 transportation and storage services using proprietary technology. Its Project includes the Gismarvik CO2 hub, the Polaris carbon storage project, and the Barents Blue project for the production of clean ammonia, featuring a low carbon footprint.

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