Neto Malinda Trading (XTAE:NTML) Interest Expense : ₪-23 Mil (TTM As of Dec. 2023)

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What is Neto Malinda Trading Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Neto Malinda Trading's interest expense for the three months ended in Dec. 2023 was ₪ -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₪-23 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. Neto Malinda Trading's Operating Income for the three months ended in Dec. 2023 was ₪ 31 Mil. Neto Malinda Trading's Interest Expense for the three months ended in Dec. 2023 was ₪ -6 Mil. Neto Malinda Trading's Interest Coverage for the quarter that ended in Dec. 2023 was 5.40. 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.

Neto Malinda Trading Interest Expense Historical Data

The historical data trend for Neto Malinda Trading'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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Neto Malinda Trading Interest Expense Chart

Neto Malinda Trading Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-0.43

-1.72

-3.91

-2.84

-13.19

Neto Malinda Trading Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.20	-5.16	-6.82	-5.69	-5.76

Neto Malinda Trading 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₪-23 Mil.

Neto Malinda Trading (XTAE:NTML) 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.

Neto Malinda Trading's Interest Expense for the three months ended in Dec. 2023 was ₪-6 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₪31 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₪63 Mil.

Neto Malinda Trading's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	31.087	/	-5.758
	=	5.40

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

Neto Malinda Trading (XTAE:NTML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Neto Malinda Trading Ltd (XTAE:NTML) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Meir Ezra Street, P.O Box 655, Kiryat Malachi, ISR, 75864

Website

http://www.neto.org.il

Neto Malinda Trading Ltd is a food conglomerates in Israel. It operates in food processing sector. The Company imports and exports food products, produces fish products, imports canned goods and produces products under Williger brand. Its brands include Tibon Veal, Delidag, Williger, Three Bakers, Rich's, Bikorey Hasade Darom. It also owns and operates cold storage for frozen and chilled products.

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