Turbo Energy (STU:X8WA) Interest Expense : €-0.38 Mil (TTM As of Dec. 2024)

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What is Turbo Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Turbo Energy's interest expense for the six months ended in Dec. 2024 was € -0.21 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was €-0.38 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. Turbo Energy's Operating Income for the six months ended in Dec. 2024 was € -1.24 Mil. Turbo Energy's Interest Expense for the six months ended in Dec. 2024 was € -0.21 Mil. Turbo Energy 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.

Turbo Energy Interest Expense Historical Data

The historical data trend for Turbo Energy'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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Turbo Energy Interest Expense Chart

Turbo Energy Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Interest Expense

-0.14

-0.31

-0.41

-0.38

Turbo Energy Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Interest Expense	Get a 7-Day Free Trial			-0.18	-0.16	-0.25	-0.17	-0.21

Turbo Energy 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 €-0.38 Mil.

Turbo Energy (STU:X8WA) 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.

Turbo Energy's Interest Expense for the six months ended in Dec. 2024 was €-0.21 Mil. Its Operating Income for the six months ended in Dec. 2024 was €-1.24 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2024 was €0.78 Mil.

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

Turbo Energy did not have earnings to cover the interest expense.

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

Turbo Energy Business Description

Industry

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Traded in Other Exchanges

TURB:USA

Address

Isabel la Catolica Street, 8, Offices 50-51, Valencia, ESP, 46004

Website

https://www.turbo-e.com

Turbo Energy SA is a company that specializes in designing, developing, and distributing equipment for the generation, management, and storage of photovoltaic energy. The company's primary activities include acquiring, distributing, and selling electrical and electronic materials for renewable energy projects, such as solar panels, inverters, chargers, regulators, batteries, and structures. The storage products are managed through a software system optimized by artificial intelligence, which is controlled from the cloud and through the installation inverter. Turbo Energy sells inverters, batteries, and photovoltaic modules to installers and other distributors for residential consumers in Spain.

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