BMIT Technologies (MAL:BMIT) Interest Expense : €-0.32 Mil (TTM As of Dec. 2023)

View and export this data going back to 2019. Start your Free Trial

What is BMIT Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. BMIT Technologies's interest expense for the six months ended in Dec. 2023 was € -0.21 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-0.32 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. BMIT Technologies's Operating Income for the six months ended in Dec. 2023 was € 3.73 Mil. BMIT Technologies's Interest Expense for the six months ended in Dec. 2023 was € -0.21 Mil. BMIT Technologies's Interest Coverage for the quarter that ended in Dec. 2023 was 18.13. 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.

BMIT Technologies Interest Expense Historical Data

The historical data trend for BMIT Technologies'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.

BMIT Technologies Interest Expense Chart

BMIT Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-0.14

-0.23

-0.22

-0.21

-0.32

BMIT Technologies Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial							-0.12	-0.12	-0.09	-0.11	-0.21

BMIT Technologies 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-0.32 Mil.

BMIT Technologies (MAL:BMIT) 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.

BMIT Technologies's Interest Expense for the six months ended in Dec. 2023 was €-0.21 Mil. Its Operating Income for the six months ended in Dec. 2023 was €3.73 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €49.71 Mil.

BMIT Technologies's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	3.734	/	-0.206
	=	18.13

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

BMIT Technologies (MAL:BMIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » BMIT Technologies PLC (MAL:BMIT) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building SCM 02, Level 2, SmartCity Ricasoli, SCM, Kalkara, MLT, 1001

Website

https://www.bmit.com.mt

BMIT Technologies PLC, through its subsidiaries, is involved in providing data center services, Information and Communication Technologies, Cloud services, and Infrastructure and support services among others. The company serves services to various industries including online gaming, financial services, ICT, manufacturing, media, transportation, retail, and hospitality. The Group's revenues are derived predominantly from operations carried out in Malta. However, it also derives revenue from companies operating out of Malta.

BMIT Technologies (MAL:BMIT) Headlines

No Headlines