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Carmit Candy Industries (XTAE:CRMT-L) Interest Expense : ₪-10.2 Mil (TTM As of Dec. 2024)


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What is Carmit Candy Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Carmit Candy Industries's interest expense for the six months ended in Dec. 2024 was ₪ -1.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was ₪-10.2 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. Carmit Candy Industries's Operating Income for the six months ended in Dec. 2024 was ₪ 1.3 Mil. Carmit Candy Industries's Interest Expense for the six months ended in Dec. 2024 was ₪ -1.3 Mil. Carmit Candy Industries's Interest Coverage for the quarter that ended in Dec. 2024 was 1.04. 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.

Carmit Candy Industries Interest Expense Historical Data

The historical data trend for Carmit Candy Industries'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.

Carmit Candy Industries Interest Expense Chart

Carmit Candy Industries Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Expense
Get a 7-Day Free Trial Premium Member Only -1.02 -1.43 -5.09 -9.72 -10.22

Carmit Candy Industries Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 -2.40 -5.36 -4.36 -8.93 -1.29

Carmit Candy Industries 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₪-10.2 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.

Carmit Candy Industries  (XTAE:CRMT-L) 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.

Carmit Candy Industries's Interest Expense for the six months ended in Dec. 2024 was ₪-1.3 Mil. Its Operating Income for the six months ended in Dec. 2024 was ₪1.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2024 was ₪64.2 Mil.

Carmit Candy Industries's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Dec. 2024 )/Interest Expense (Q: Dec. 2024 )
=-1*1.339/-1.29
=1.04

* 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.

Carmit Candy Industries Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Carmit Candy Industries Ltd (XTAE:CRMT-L) » Definitions » Interest Expense
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XTAE:HMAM XTAE:SVRT XTAE:NXFR XTAE:BHNY XTAE:PRMG MDLZ HSY XSWX:LISN XSWX:BARN XKRX:271560 CAS:CSR TSE:2222 TR TSE:2201 BOM:500038 SZSE:000833 XKRX:004990 IST:ULKER BOM:532356 XKLS:5102
Traded in Other Exchanges
N/A
Address
Hayated 4 street, Industries area B.O 70026 Nof, Hagalil, ISR, 1789032
Website
https://www.carmit.com
Carmit Candy Industries Ltd is a confectionery manufacturer. It produces confectionery products for private label brands. Its products include chocolate coins, marshmallows, Dairy-free chocolate, lollipops and toffees, and chocolate bars, among others. It caters to industrial and professional markets in Israel and produces chocolate, which serves as raw material for the chocolate, ice cream, dairy, confectionery, bakery and other industries.

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