IFIRMA Spolka Akcyjna (WAR:IFI) Interest Expense : zł-0.05 Mil (TTM As of Mar. 2024)

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What is IFIRMA Spolka Akcyjna Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. IFIRMA Spolka Akcyjna's interest expense for the three months ended in Mar. 2024 was zł -0.03 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was zł-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. IFIRMA Spolka Akcyjna's Operating Income for the three months ended in Mar. 2024 was zł 1.52 Mil. IFIRMA Spolka Akcyjna's Interest Expense for the three months ended in Mar. 2024 was zł -0.03 Mil. IFIRMA Spolka Akcyjna's Interest Coverage for the quarter that ended in Mar. 2024 was 56.15. 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.

IFIRMA Spolka Akcyjna Interest Expense Historical Data

The historical data trend for IFIRMA Spolka Akcyjna'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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IFIRMA Spolka Akcyjna Interest Expense Chart

IFIRMA Spolka Akcyjna Annual Data

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Interest Expense

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IFIRMA Spolka Akcyjna 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															-	-0.01	-0.01	-	-0.03

IFIRMA Spolka Akcyjna 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 zł-0.05 Mil.

IFIRMA Spolka Akcyjna (WAR:IFI) 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.

IFIRMA Spolka Akcyjna's Interest Expense for the three months ended in Mar. 2024 was zł-0.03 Mil. Its Operating Income for the three months ended in Mar. 2024 was zł1.52 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was zł0.00 Mil.

IFIRMA Spolka Akcyjna'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	*	1.516	/	-0.027
	=	56.15

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

Good Sign:

IFIRMA Spolka Akcyjna has no debt.

IFIRMA Spolka Akcyjna (WAR:IFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » IFIRMA Spolka Akcyjna (WAR:IFI) » Definitions » Interest Expense

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Address

Grabiszynska 241 B, Wroclaw, POL, 53-234

Website

http://www.ifirma.pl

IFIRMA Spolka Akcyjna provides services in the field of software development as well as recruitment and outsourcing of IT staff. Its services include internet accounting, accounting office, invoices application, and warehousing software. The company is working on www.firmbee.com - a project management software which manages firm's tasks, finances, supports remote team work and HR processes.

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