Rare Earth Magnesium Technology Group Holdings (STU:GPS) Interest Expense : €-5.74 Mil (TTM As of Dec. 2023)

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What is Rare Earth Magnesium Technology Group Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Rare Earth Magnesium Technology Group Holdings's interest expense for the six months ended in Dec. 2023 was € -2.94 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-5.74 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. Rare Earth Magnesium Technology Group Holdings's Operating Income for the six months ended in Dec. 2023 was € -10.41 Mil. Rare Earth Magnesium Technology Group Holdings's Interest Expense for the six months ended in Dec. 2023 was € -2.94 Mil. Rare Earth Magnesium Technology Group Holdings 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.

Rare Earth Magnesium Technology Group Holdings Interest Expense Historical Data

The historical data trend for Rare Earth Magnesium Technology Group Holdings'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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Rare Earth Magnesium Technology Group Holdings Interest Expense Chart

Rare Earth Magnesium Technology Group Holdings Annual Data

Trend

Mar14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-8.31

-10.38

-7.88

-2.54

-5.73

Rare Earth Magnesium Technology Group Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-4.97	-3.01	0.50	-2.80	-2.94

Rare Earth Magnesium Technology Group Holdings 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-5.74 Mil.

Rare Earth Magnesium Technology Group Holdings (STU:GPS) 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.

Rare Earth Magnesium Technology Group Holdings's Interest Expense for the six months ended in Dec. 2023 was €-2.94 Mil. Its Operating Income for the six months ended in Dec. 2023 was €-10.41 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €67.02 Mil.

Rare Earth Magnesium Technology Group Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Rare Earth Magnesium Technology Group Holdings did not have earnings to cover the interest expense.

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

Rare Earth Magnesium Technology Group Holdings (STU:GPS) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rare Earth Magnesium Technology Group Holdings Ltd (STU:GPS) » Definitions » Interest Expense

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00601:Hong Kong

Address

The Gateway, 16th Floor, Tower 5, Tsim Sha Tsui, Kowloon, Harbour city, Hong Kong, HKG

Website

http://www.remt.com.hk

Rare Earth Magnesium Technology Group Holdings Ltd is to develop, produce and sell magnesium alloy series products. The company is principally engaged in one single segment, which is manufacturing and selling magnesium-related products. The company's products include magnesium ingots, semi-coke, and ferroalloy. Geographically, it derives the majority of its revenue from Mainland China and also has a presence in Europe.