GFT Technologies SE (XTER:GFT) Interest Expense : €-4.6 Mil (TTM As of Mar. 2024)

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What is GFT Technologies SE Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. GFT Technologies SE's interest expense for the three months ended in Mar. 2024 was € -1.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-4.6 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. GFT Technologies SE's Operating Income for the three months ended in Mar. 2024 was € 15.7 Mil. GFT Technologies SE's Interest Expense for the three months ended in Mar. 2024 was € -1.6 Mil. GFT Technologies SE's Interest Coverage for the quarter that ended in Mar. 2024 was 9.91. 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.

GFT Technologies SE Interest Expense Historical Data

The historical data trend for GFT Technologies SE'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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GFT Technologies SE Interest Expense Chart

GFT Technologies SE Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-3.17

-2.50

-1.45

-1.36

-3.50

GFT Technologies SE Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.49	-0.86	-1.04	-1.12	-1.59

GFT Technologies SE 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-4.6 Mil.

GFT Technologies SE (XTER:GFT) 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.

GFT Technologies SE's Interest Expense for the three months ended in Mar. 2024 was €-1.6 Mil. Its Operating Income for the three months ended in Mar. 2024 was €15.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €0.0 Mil.

GFT Technologies SE's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	15.722	/	-1.586
	=	9.91

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

GFT Technologies SE (XTER:GFT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » GFT Technologies SE (XTER:GFT) » Definitions » Interest Expense

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GFT:Austria

Address

Schelmenwasenstrasse 34, Stuttgart, BW, DEU, 70567

Website

https://www.gft.com/int/en

GFT Technologies SE is engaged in shaping the digital transformation of companies in the financial and insurance sectors, as well as in the manufacturing industry. As an IT service provider and developer of digital solutions, It offers consulting, development, and implementation skills across all aspects of pioneering technologies from cloud engineering to artificial intelligence and blockchain/DLT. The company has two operating segments; The Americas, UK & APAC comprises operating companies in the following countries: Brazil Costa Rica, Singapore, Hong Kong, the United Kingdom, the United States of America, Canada, Vietnam, and Mexico, and Continental Europe comprises operating companies in the following countries: Belgium, Poland, Germany, Switzerland, France, Spain, and Italy.

Executives

Dr. Jochen Ruetz

Managing Director (CFO) and Member of the Administrative Board

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