Cessatech AS (XSAT:CESSA) Interest Expense : kr-8.33 Mil (TTM As of Jun. 2024)

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What is Cessatech AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cessatech AS's interest expense for the three months ended in Jun. 2024 was kr 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was kr-8.33 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. Cessatech AS's Operating Income for the three months ended in Jun. 2024 was kr -5.38 Mil. Cessatech AS's Interest Expense for the three months ended in Jun. 2024 was kr 0.00 Mil. Cessatech AS has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Cessatech AS Interest Expense Historical Data

The historical data trend for Cessatech AS'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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Cessatech AS Interest Expense Chart

Cessatech AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.06

-0.21

-8.23

Cessatech AS Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Interest Expense	Get a 7-Day Free Trial											-0.16	-2.05	-6.28	-	-

Cessatech AS 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-8.33 Mil.

Cessatech AS (XSAT:CESSA) 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.

Cessatech AS's Interest Expense for the three months ended in Jun. 2024 was kr0.00 Mil. Its Operating Income for the three months ended in Jun. 2024 was kr-5.38 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was kr0.00 Mil.

Cessatech AS's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Cessatech AS had no long-term debt ⁽¹⁾.

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

Cessatech AS Business Description

Industry

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8GN:Germany

Address

Kanonbadsvej 2, Copenhagen, DNK, 1437

Website

https://www.cessatech.com

Cessatech AS is a pharmaceutical company committed to developing and commercializing evidence-based and innovative medicines for children for the treatment of paediatric acute pain. Its lead asset (CT001) is an analgesic nasal spray for the treatment of acute and planned painful procedures in children.

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