Giglio Group SpA (MIL:GG) Interest Expense : €-0.91 Mil (TTM As of Sep. 2023)

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What is Giglio Group SpA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Giglio Group SpA's interest expense for the three months ended in Sep. 2023 was € -0.35 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was €-0.91 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. Giglio Group SpA's Operating Income for the three months ended in Sep. 2023 was € 0.39 Mil. Giglio Group SpA's Interest Expense for the three months ended in Sep. 2023 was € -0.35 Mil. Giglio Group SpA's Interest Coverage for the quarter that ended in Sep. 2023 was 1.11. 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.

Giglio Group SpA Interest Expense Historical Data

The historical data trend for Giglio Group SpA'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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Giglio Group SpA Interest Expense Chart

Giglio Group SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-0.68

-0.98

-0.93

-1.36

-0.88

Giglio Group SpA Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-0.50	0.04	-0.35	-0.25	-0.35

Giglio Group SpA 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €-0.91 Mil.

Giglio Group SpA (MIL:GG) 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.

Giglio Group SpA's Interest Expense for the three months ended in Sep. 2023 was €-0.35 Mil. Its Operating Income for the three months ended in Sep. 2023 was €0.39 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was €0.00 Mil.

Giglio Group SpA's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	0.389	/	-0.351
	=	1.11

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Giglio Group SpAs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Giglio Group SpA (MIL:GG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Giglio Group SpA (MIL:GG) » Definitions » Interest Expense

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Traded in Other Exchanges

5JR:Germany

Address

Piazza Diaz 6, Milan, ITA, 20123

Website

https://www.giglio.org

Giglio Group SpA is engaged in the e-commerce of high-end fashion products, in the design products' sector and in the food segment.. It offers tailor-made B2B and B2C services to the Luxury Fashion industry as well as other industries, mainly with "Made in Italy" brands. It operates through the below segments: B2B e-commerce, B2C e-commerce and Corporate. It generates majority revenue from the B2B e-commerce.