Fabryki Mebli Forte (WAR:FTE) Interest Expense : zł-23.5 Mil (TTM As of Dec. 2023)

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What is Fabryki Mebli Forte Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Fabryki Mebli Forte's interest expense for the three months ended in Dec. 2023 was zł -5.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was zł-23.5 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. Fabryki Mebli Forte's Operating Income for the three months ended in Dec. 2023 was zł 8.0 Mil. Fabryki Mebli Forte's Interest Expense for the three months ended in Dec. 2023 was zł -5.9 Mil. Fabryki Mebli Forte's Interest Coverage for the quarter that ended in Dec. 2023 was 1.36. 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.

Fabryki Mebli Forte Interest Expense Historical Data

The historical data trend for Fabryki Mebli Forte'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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Fabryki Mebli Forte Interest Expense Chart

Fabryki Mebli Forte Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Interest Expense

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-8.15

-13.66

-16.11

-11.15

-22.52

Fabryki Mebli Forte Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-8.92	-15.17	-5.44	-12.20	-5.85

Fabryki Mebli Forte 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 quarterly data reported by the company within the most recent 12 months, which was zł-23.5 Mil.

Fabryki Mebli Forte (WAR:FTE) 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.

Fabryki Mebli Forte's Interest Expense for the three months ended in Dec. 2023 was zł-5.9 Mil. Its Operating Income for the three months ended in Dec. 2023 was zł8.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was zł37.6 Mil.

Fabryki Mebli Forte's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	7.95	/	-5.85
	=	1.36

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

Fabryki Mebli Forte (WAR:FTE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Fabryki Mebli Forte SA (WAR:FTE) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

ul. Biala 1, Ostrow Mazowiecka, POL, 07 - 300

Website

https://company.forte.com.pl/en

Fabryki Mebli Forte SA is a manufacturer of furniture for self-assembly with a specialization in home, office, and kitchen furniture. Its product offerings include furniture systems for the lounge, dining room, bedroom, living room, sitting room, study, and children's room, as well as wall units, ready-made cabinets that can be put together in different arrangements, as well as customized kitchen projects. It has state-of-the-art manufacturing plants located in Ostrow Mazowiecka, Suwalki, Bialystok, and Hajnowka.

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