Zapp Electric Vehicles Group (Zapp Electric Vehicles Group) Interest Expense : $-0.56 Mil (TTM As of Sep. 2023)

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What is Zapp Electric Vehicles Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zapp Electric Vehicles Group's interest expense for the six months ended in Sep. 2023 was $ -0.56 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-0.56 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. Zapp Electric Vehicles Group's Operating Income for the six months ended in Sep. 2023 was $ -7.80 Mil. Zapp Electric Vehicles Group's Interest Expense for the six months ended in Sep. 2023 was $ -0.56 Mil. Zapp Electric Vehicles Group 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.

Zapp Electric Vehicles Group Interest Expense Historical Data

The historical data trend for Zapp Electric Vehicles Group'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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Zapp Electric Vehicles Group Interest Expense Chart

Zapp Electric Vehicles Group Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Interest Expense

-0.29

-0.31

-0.56

Zapp Electric Vehicles Group Semi-Annual Data
	Sep20	Sep21	Sep22	Sep23
Interest Expense	-	-0.29	-0.31	-0.56

Zapp Electric Vehicles Group Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Interest Expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-0.56 Mil.

Zapp Electric Vehicles Group (NAS:ZAPPW) 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.

Zapp Electric Vehicles Group's Interest Expense for the six months ended in Sep. 2023 was $-0.56 Mil. Its Operating Income for the six months ended in Sep. 2023 was $-7.80 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was $1.32 Mil.

Zapp Electric Vehicles Group's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Zapp Electric Vehicles Group did not have earnings to cover the interest expense.

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

Zapp Electric Vehicles Group (Zapp Electric Vehicles Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zapp Electric Vehicles Group Ltd (NAS:ZAPPW) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ZAPP:USA

Address

87/1 Wireless Road, 26/F Capital Tower, All Seasons Place, Lumpini, Patumwan, Bangkok, THA, 10330

Website

https://www.zappev.com

Zapp Electric Vehicles Group Ltd designs, manufactures and sells high performance electric vehicles, including maintenance and repair of electric vehicles and related parts and accessories.

Zapp Electric Vehicles Group (Zapp Electric Vehicles Group) Headlines

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