Ringmetall SE (XTER:HP3A) Interest Expense : €-1.5 Mil (TTM As of Dec. 2023)

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What is Ringmetall SE Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ringmetall SE's interest expense for the six months ended in Dec. 2023 was € -0.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-1.5 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. Ringmetall SE's Operating Income for the six months ended in Dec. 2023 was € 2.8 Mil. Ringmetall SE's Interest Expense for the six months ended in Dec. 2023 was € -0.6 Mil. Ringmetall SE's Interest Coverage for the quarter that ended in Dec. 2023 was 4.48. 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.

Ringmetall SE Interest Expense Historical Data

The historical data trend for Ringmetall 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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Ringmetall SE Interest Expense Chart

Ringmetall SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.01

-1.14

-0.87

-0.70

-1.50

Ringmetall SE Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.44	-0.34	-0.37	-0.86	-0.63

Ringmetall 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-1.5 Mil.

Ringmetall SE (XTER:HP3A) 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.

Ringmetall SE's Interest Expense for the six months ended in Dec. 2023 was €-0.6 Mil. Its Operating Income for the six months ended in Dec. 2023 was €2.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €19.2 Mil.

Ringmetall SE'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	*	2.824	/	-0.631
	=	4.48

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

Ringmetall SE (XTER:HP3A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ringmetall SE (XTER:HP3A) » Definitions » Interest Expense

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Traded in Other Exchanges

HP3:Germany HP3A:Germany HP3A:Germany

Address

Innere Wiener Street 9, Munich, BY, DEU, 81667

Website

https://www.ringmetall.de

Ringmetall SE is a supplier in the packaging industry with a focus on packaging elements in the field of industrial drums. Its main activities are allocated to the Industrial Packaging and Industrial Handling business units. The majority of its revenue is generated from industrial packaging segment. The products offered by the group are Clamping rings and lids, Vehicle attachment parts, and other products, of which a majority of the revenue is generated from the sales of Clamping rings and lids. The Industrial packaging segment covers the production and sale of clamping rings and the associated closures, whereas the Industrial Handling segment includes the production and marketing of vehicle attachment parts for special vehicles in logistics and warehouse logistics as well as agriculture.

Executives

Christoph Petri

Board of Directors

Ringmetall SE (XTER:HP3A) Headlines

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