Binect AG (XTER:MA10) Interest Expense : €-0.02 Mil (TTM As of Jun. 2024)

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What is Binect AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Binect AG's interest expense for the six months ended in Jun. 2024 was € -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was €-0.02 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. Binect AG's Operating Income for the six months ended in Jun. 2024 was € -0.12 Mil. Binect AG's Interest Expense for the six months ended in Jun. 2024 was € -0.01 Mil. Binect AG 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.

Binect AG Interest Expense Historical Data

The historical data trend for Binect 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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Binect AG Interest Expense Chart

Binect AG Annual Data

Trend

Jun14

Jun15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.04

-0.03

-0.02

Binect AG Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial															-0.01	-0.01	-0.01	-0.01	-0.01

Binect 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 €-0.02 Mil.

Binect AG (XTER:MA10) 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.

Binect AG's Interest Expense for the six months ended in Jun. 2024 was €-0.01 Mil. Its Operating Income for the six months ended in Jun. 2024 was €-0.12 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was €0.54 Mil.

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

Binect AG did not have earnings to cover the interest expense.

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

Binect AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Binect AG (XTER:MA10) » Definitions » Interest Expense

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MA10:Germany

Address

Brunnenweg 17, Weiterstadt, DEU, 64331

Website

https://www.binect.com/ir-kontakt

Binect AG is a innovative software and service platform for the secure and simple digitization of business document and receipt logistics.

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