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ParTec AG (XTER:JY0) Interest Expense : €-3.15 Mil (TTM As of Jun. 2024)


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What is ParTec AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ParTec AG's interest expense for the six months ended in Jun. 2024 was € -3.15 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was €-3.15 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. ParTec AG's Operating Income for the six months ended in Jun. 2024 was € 3.45 Mil. ParTec AG's Interest Expense for the six months ended in Jun. 2024 was € -3.15 Mil. ParTec AG's Interest Coverage for the quarter that ended in Jun. 2024 was 1.10. 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.

ParTec AG Interest Expense Historical Data

The historical data trend for ParTec AG'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.

ParTec AG Interest Expense Chart

ParTec AG Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Interest Expense
-0.05 -0.24 -0.57 -3.70

ParTec AG Semi-Annual Data
Dec21 Dec22 Dec23 Jun24
Interest Expense - - - -3.15

ParTec AG 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-3.15 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.

ParTec AG  (XTER:JY0) 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.

ParTec AG's Interest Expense for the six months ended in Jun. 2024 was €-3.15 Mil. Its Operating Income for the six months ended in Jun. 2024 was €3.45 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was €10.16 Mil.

ParTec AG's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*3.454/-3.145
=1.10

* 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.

ParTec AG Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » ParTec AG (XTER:JY0) » Definitions » Interest Expense
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XTER:MUB FRA:B1GR ANET DELL SHSE:688041 SZSE:002415 TSE:7751 TPE:2382 HPQ SMCI NTAP STX HKSE:00992 PSTG TPE:2357 WDC SHSE:603019 XSWX:LOGN SZSE:000977 TPE:2395
Traded in Other Exchanges
N/A
Address
Possartstr. 20, Munich, BY, DEU, D-81679
Website
https://www.par-tec.com
ParTec AG develops and supplies super and quantum computers as well as operating software, including consulting and support services, which is used for the development, construction and operation of state-of-the-art high-performance computers (HPC) and quantum computers (QC).
Executives
Bernhard Frohwitter Board of Directors

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