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Zignago Vetro SpA (STU:ZVB) Interest Expense : €-7.9 Mil (TTM As of Mar. 2024)


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What is Zignago Vetro SpA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zignago Vetro SpA's interest expense for the three months ended in Mar. 2024 was € -2.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-7.9 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. Zignago Vetro SpA's Operating Income for the three months ended in Mar. 2024 was € 10.8 Mil. Zignago Vetro SpA's Interest Expense for the three months ended in Mar. 2024 was € -2.1 Mil. Zignago Vetro SpA's Interest Coverage for the quarter that ended in Mar. 2024 was 5.08. 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.

Zignago Vetro SpA Interest Expense Historical Data

The historical data trend for Zignago Vetro SpA'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.

* Premium members only.

Zignago Vetro SpA Interest Expense Chart

Zignago Vetro SpA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.12 -1.21 -0.82 -1.25 -10.29

Zignago Vetro SpA Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.33 -0.40 -2.49 -2.87 -2.13

Zignago Vetro SpA 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-7.9 Mil.

* 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.

Zignago Vetro SpA  (STU:ZVB) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Zignago Vetro SpA's Interest Expense for the three months ended in Mar. 2024 was €-2.1 Mil. Its Operating Income for the three months ended in Mar. 2024 was €10.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €141.9 Mil.

Zignago Vetro SpA's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*10.816/-2.131
=5.08

* 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.

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

Zignago Vetro SpA (STU:ZVB) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Zignago Vetro SpA (STU:ZVB) » Definitions » Interest Expense
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MIL:GRAL MIL:ECMB MIL:SAC BALL AVY PKG IP AMCR WRK DUB:SK3 CCK TSX:CCL.A GPK XSWX:SIGN BERY LSE:SMDS REYN SON SEE SZSE:002812
Traded in Other Exchanges
ZV:Italy ZVB:Germany
Address
Via Ita Marzotto 8, Fossalta di Portogruaro, Venice, ITA, 30025
Website
https://www.zignagovetro.com
Zignago Vetro SpA operates in the glass production sector. It manufactures hollow glass containers for Food and Beverages and Cosmetics and Perfumery sectors. The business of the group is carried in various geographical locations such as Italy, European Union, North America and other areas. The business activities of the group are divided into Zignago Vetro SpA: carries the production activity of containers for both sectors, Zignago Vetro Brosse SAS: looks into the production of glass containers for perfumes; Zignago Vetro Polska SA: which undertakes the production of customized products for cosmetic and perfumery containers and also for food and beverage niche markets.

Zignago Vetro SpA (STU:ZVB) Headlines

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