New Work SE (New Work SE) Interest Expense : $-0.6 Mil (TTM As of Mar. 2024)

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What is New Work SE Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. New Work SE's interest expense for the three months ended in Mar. 2024 was $ -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.6 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. New Work SE's Operating Income for the three months ended in Mar. 2024 was $ -2.0 Mil. New Work SE's Interest Expense for the three months ended in Mar. 2024 was $ -0.1 Mil. New Work SE 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.

New Work SE Interest Expense Historical Data

The historical data trend for New Work SE'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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New Work SE Interest Expense Chart

New Work SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.61

-1.08

-0.79

-0.74

-0.65

New Work SE 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															-0.17	-0.17	-0.12	-0.20	-0.12

New Work SE 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 $-0.6 Mil.

New Work SE (OTCPK:XINXF) 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.

New Work SE's Interest Expense for the three months ended in Mar. 2024 was $-0.1 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-2.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $16.9 Mil.

New Work SE's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

New Work SE did not have earnings to cover the interest expense.

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. New Work SE has enough cash to cover all of its debt. Its financial situation is stable.

New Work SE (New Work SE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » New Work SE (OTCPK:XINXF) » Definitions » Interest Expense

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0OR4:UK NWO:Germany

Address

Am Strandkai 1, Hamburg, DEU, 20457

Website

https://www.new-work.se

New Work SE is a German technology company offering online business platforms for professionals to network and share ideas, and jobs opportunities, among others. The company organizes itself into three business segments: B2C, B2B e-recruiting and B2B marketing solutions. The B2C segment serves the members of social networking websites such as kunnu.com or xing.com to network with professionals and find suitable jobs, the B2B e-recruiting segment serves customers who want to access the talent pool, B2B marketing solutions & events cater to advertising and events clients, and the kunnu International segment includes business activities outside Germany, Austria and Switzerland. The B2B e-recruiting segments generate the majority of the company's revenue.