CANCOM SE (CANCOM SE) Interest Expense : $-7 Mil (TTM As of Mar. 2024)

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What is CANCOM SE Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CANCOM SE's interest expense for the three months ended in Mar. 2024 was $ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-7 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. CANCOM SE's Operating Income for the three months ended in Mar. 2024 was $ 15 Mil. CANCOM SE's Interest Expense for the three months ended in Mar. 2024 was $ -1 Mil. CANCOM SE's Interest Coverage for the quarter that ended in Mar. 2024 was 11.48. 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.

CANCOM SE Interest Expense Historical Data

The historical data trend for CANCOM 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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CANCOM SE Interest Expense Chart

CANCOM SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-3.38

-4.63

-4.25

-4.87

-6.35

CANCOM SE Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.99	-0.94	-1.79	-2.56	-1.32

CANCOM 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-7 Mil.

CANCOM SE (OTCPK:CCCMF) 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.

CANCOM SE's Interest Expense for the three months ended in Mar. 2024 was $-1 Mil. Its Operating Income for the three months ended in Mar. 2024 was $15 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $2 Mil.

CANCOM SE's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	15.179	/	-1.322
	=	11.48

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

CANCOM SE (CANCOM SE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CANCOM SE (OTCPK:CCCMF) » Definitions » Interest Expense

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Traded in Other Exchanges

COKd:UK 0O0F:UK COK:Germany COK:Austria

Address

Erika-Mann-Strasse 69, Munich, BY, DEU, D-80636

Website

https://www.cancom.de

CANCOM SE is a provider of IT infrastructure and IT services in Germany and Austria. Business operations of the company are carried out through Germany, Austria, Switzerland, and the U.S.A. The company offers IT architecture, systems integration and managed services. The company managed its businesses in two segments: Cloud Solutions and IT Solutions of which the IT Solutions segment contributes a majority of total revenue. Cloud Solutions segment comprises the cloud and shared managed services business, including project related cloud hardware, software, and services business. IT Solutions offers comprehensive support for IT infrastructure and applications.