Advance Equity Holding AD Sofia (XBUL:ADVE) Interest Expense : лв-0.32 Mil (TTM As of Sep. 2019)

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What is Advance Equity Holding AD Sofia Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Advance Equity Holding AD Sofia's interest expense for the three months ended in Sep. 2019 was лв -0.06 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2019 was лв-0.32 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. Advance Equity Holding AD Sofia's Operating Income for the three months ended in Sep. 2019 was лв 0.34 Mil. Advance Equity Holding AD Sofia's Interest Expense for the three months ended in Sep. 2019 was лв -0.06 Mil. Advance Equity Holding AD Sofia's Interest Coverage for the quarter that ended in Sep. 2019 was 5.53. 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.

Advance Equity Holding AD Sofia Interest Expense Historical Data

The historical data trend for Advance Equity Holding AD Sofia'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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Advance Equity Holding AD Sofia Interest Expense Chart

Advance Equity Holding AD Sofia Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Interest Expense

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-0.81

-0.74

-0.65

-0.50

-0.44

Advance Equity Holding AD Sofia Quarterly Data
	Jun14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Jun19	Sep19
Interest Expense	Get a 7-Day Free Trial															0.02	0.15	-0.26	-	-0.06

Advance Equity Holding AD Sofia 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 Sep. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was лв-0.32 Mil.

Advance Equity Holding AD Sofia (XBUL:ADVE) 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.

Advance Equity Holding AD Sofia's Interest Expense for the three months ended in Sep. 2019 was лв-0.06 Mil. Its Operating Income for the three months ended in Sep. 2019 was лв0.34 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2019 was лв2.24 Mil.

Advance Equity Holding AD Sofia's Interest Coverage for the quarter that ended in Sep. 2019 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2019 )	/	Interest Expense (Q: Sep. 2019 )
	=	-1	*	0.343	/	-0.062
	=	5.53

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

Advance Equity Holding AD Sofia (XBUL:ADVE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Advance Equity Holding AD Sofia (XBUL:ADVE) » Definitions » Interest Expense

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Address

Bul. Hristo Botev 57, Sofia, BGR, 1303

Website

http://www.advancequity.bg

Advance Equity Holding AD Sofia is an investment company. The company focuses its investments on new start-up companies that have high growth potential.

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