Zooz Power (XTAE:ZOOZ) Interest Expense : ₪-1.13 Mil (TTM As of Dec. 2024)

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What is Zooz Power Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zooz Power's interest expense for the six months ended in Dec. 2024 was ₪ -1.13 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was ₪-1.13 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. Zooz Power's Operating Income for the six months ended in Dec. 2024 was ₪ -19.09 Mil. Zooz Power's Interest Expense for the six months ended in Dec. 2024 was ₪ -1.13 Mil. Zooz Power 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.

Zooz Power Interest Expense Historical Data

The historical data trend for Zooz Power'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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Zooz Power Interest Expense Chart

Zooz Power Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Interest Expense

-0.03

-0.04

-0.05

-0.62

Zooz Power Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24	Dec24
Interest Expense	-	-	-0.06	-	-1.13

Zooz Power 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 ₪-1.13 Mil.

Zooz Power (XTAE:ZOOZ) 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.

Zooz Power's Interest Expense for the six months ended in Dec. 2024 was ₪-1.13 Mil. Its Operating Income for the six months ended in Dec. 2024 was ₪-19.09 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2024 was ₪2.16 Mil.

Zooz Power's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Zooz Power did not have earnings to cover the interest expense.

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

Zooz Power Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Zooz Power Ltd (XTAE:ZOOZ) » Definitions » Interest Expense

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ZOOZ:USA

Address

4B Hamelacha Street, Lod, ISR, 7152008

Website

https://www.zoozpower.com

Zooz Power Ltd is a provider of Flywheel-based Power Boosting solutions enabling widespread deployment of ultra-fast charging infrastructure for electric vehicles (EV) while overcoming existing grid limitations. ZOOZ pioneers its flywheel-based power boosting technology, enabling efficient utilization and power management of a power-limited grid at an EV charging site. Its Flywheel technology allows high-performance, reliable, and cost-effective ultra-fast charging infrastructure. ZOOZ Power's sustainable, power-boosting solutions are built with longevity and the environment in mind, helping its customers and partners accelerate the deployment of fast-charging infrastructure, thus facilitating improved utilization rates, efficiency and greater flexibility.