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BATM Advanced Communications (XTAE:BVC) Interest Expense : ₪-5.5 Mil (TTM As of Jun. 2024)


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What is BATM Advanced Communications Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. BATM Advanced Communications's interest expense for the six months ended in Jun. 2024 was ₪ -3.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was ₪-5.5 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. BATM Advanced Communications's Operating Income for the six months ended in Jun. 2024 was ₪ 5.4 Mil. BATM Advanced Communications's Interest Expense for the six months ended in Jun. 2024 was ₪ -3.0 Mil. BATM Advanced Communications's Interest Coverage for the quarter that ended in Jun. 2024 was 1.80. 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.

BATM Advanced Communications Interest Expense Historical Data

The historical data trend for BATM Advanced Communications'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.

* Premium members only.

BATM Advanced Communications Interest Expense Chart

BATM Advanced Communications Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.84 -3.84 -3.11 -4.78 -4.92

BATM Advanced Communications Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.69 -1.09 -2.43 -2.49 -3.01

BATM Advanced Communications 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 semi-annually data reported by the company within the most recent 12 months, which was ₪-5.5 Mil.

* 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.

BATM Advanced Communications  (XTAE:BVC) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

BATM Advanced Communications's Interest Expense for the six months ended in Jun. 2024 was ₪-3.0 Mil. Its Operating Income for the six months ended in Jun. 2024 was ₪5.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was ₪13.0 Mil.

BATM Advanced Communications's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*5.426/-3.014
=1.80

* 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.

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

BATM Advanced Communications Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » BATM Advanced Communications Ltd (XTAE:BVC) » Definitions » Interest Expense
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Traded in Other Exchanges
BVCl:UK BVC.GB:UK BVC:UK BAV:Germany
Address
4 Ha’harash Street, P.O.B. 7318, Nave Ne'eman Industrial Area, Hod Hasharon, ISR, 4524075
Website
https://www.batm.com
BATM Advanced Communications Ltd is an Israel-based technology company. The company organizes its business operations into three divisions: Networking & Cyber Division and Diagnostics Division. Networking and Cyber Division mostly includes the research and development, production, and marketing of data communication products in the field of local and wide area networks and premises management systems. Diagnostics division is mainly engaged in the sale and distribution of in vitro diagnostics (IVD) reagents and instruments, including the development and production of proprietary products. Its geographical segments are the United States of America, Israel, and Europe.

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