Onward Medical NV (XBRU:ONWD) Interest Expense : €-1.38 Mil (TTM As of Dec. 2023)

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What is Onward Medical NV Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Onward Medical NV's interest expense for the six months ended in Dec. 2023 was € -0.92 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-1.38 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. Onward Medical NV's Operating Income for the six months ended in Dec. 2023 was € -16.68 Mil. Onward Medical NV's Interest Expense for the six months ended in Dec. 2023 was € -0.92 Mil. Onward Medical NV 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.

Onward Medical NV Interest Expense Historical Data

The historical data trend for Onward Medical NV'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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Onward Medical NV Interest Expense Chart

Onward Medical NV Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-2.67

-4.43

-5.60

-1.52

-1.38

Onward Medical NV Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial					-2.67	-0.86	-0.66	-0.46	-0.92

Onward Medical NV 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 €-1.38 Mil.

Onward Medical NV (XBRU:ONWD) 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.

Onward Medical NV's Interest Expense for the six months ended in Dec. 2023 was €-0.92 Mil. Its Operating Income for the six months ended in Dec. 2023 was €-16.68 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €16.31 Mil.

Onward Medical NV's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Onward Medical NV did not have earnings to cover the interest expense.

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

Onward Medical NV (XBRU:ONWD) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Onward Medical NV (XBRU:ONWD) » Definitions » Interest Expense

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ONWRF:USA 63E:Germany

Address

High Tech Campus 32, Noord-Braban, Eindhoven, NH, NLD, NL-5656 AE

Website

https://www.onwd.com

Onward Medical NV is a medical technology company developing and commercializing therapies to enable functional recovery for people with spinal cord injury. It has developed two programmable neurostimulation platforms: an implantable system, ARCIM, and a non-invasive, transcutaneous system, ARCEX. The company has selected the United states and four European markets: Germany, France, the UK and the Netherlands to create a customer base.

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