mic AG (XTER:M3BK) Interest Expense : €-1.00 Mil (TTM As of Jun. 2023)

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What is mic AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. mic AG's interest expense for the six months ended in Jun. 2023 was € -0.50 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was €-1.00 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. mic AG's Operating Income for the six months ended in Jun. 2023 was € 1.57 Mil. mic AG's Interest Expense for the six months ended in Jun. 2023 was € -0.50 Mil. mic AG's Interest Coverage for the quarter that ended in Jun. 2023 was 3.12. 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.

mic AG Interest Expense Historical Data

The historical data trend for mic 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.

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mic AG Interest Expense Chart

mic AG Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-0.01

-0.02

-0.01

-0.11

-0.65

mic AG Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Interest Expense	Get a 7-Day Free Trial															-0.04	-0.08	-0.15	-0.50	-0.50

mic 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-1.00 Mil.

mic AG (XTER:M3BK) 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.

mic AG's Interest Expense for the six months ended in Jun. 2023 was €-0.50 Mil. Its Operating Income for the six months ended in Jun. 2023 was €1.57 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was €7.96 Mil.

mic AG's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	1.565	/	-0.502
	=	3.12

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

mic AG (XTER:M3BK) Business Description

Industry

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M3BK:Germany M3BK:Germany

Address

Denisstrabe 1b, Munich, DEU, 80335

Website

http://www.mic-ag.eu

mic AG is an investment company. It invests in young technology companies in the field of fiber optics, clean tech, software, microsystems and IT among others. The portfolio comprises of Aifotec AG, 3-Edge Gmbh, and FiSec Gmbh and among others. Its portfolio comprises of u-GPS Optics GmbH, a developer of a technology for three-dimensional (3D) optical measurements, Flores Solar Water GmbH, which develops a low-cost water treatment plant that uses solar thermal energy.

Executives

Dr. Jürgen Gromer	Supervisory Board
Arne Weber	Board of Directors
Andreas Empl	Board of Directors
Ralph Weidenmann	Supervisory Board
Peter Trosien	Board of Directors

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