Omer SpA (MIL:OMER) Interest Expense : €-0.70 Mil (TTM As of Dec. 2023)

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What is Omer SpA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Omer SpA's interest expense for the six months ended in Dec. 2023 was € -0.30 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-0.70 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. Omer SpA's Operating Income for the six months ended in Dec. 2023 was € 7.08 Mil. Omer SpA's Interest Expense for the six months ended in Dec. 2023 was € -0.30 Mil. Omer SpA's Interest Coverage for the quarter that ended in Dec. 2023 was 23.59. 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.

Omer SpA Interest Expense Historical Data

The historical data trend for Omer 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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Omer SpA Interest Expense Chart

Omer SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.14

-0.22

-0.16

-0.32

-0.70

Omer SpA Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial				-0.09	-0.10	-0.22	-0.40	-0.30

Omer 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-0.70 Mil.

Omer SpA (MIL:OMER) 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.

Omer SpA's Interest Expense for the six months ended in Dec. 2023 was €-0.30 Mil. Its Operating Income for the six months ended in Dec. 2023 was €7.08 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €1.25 Mil.

Omer SpA'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	*	7.077	/	-0.3
	=	23.59

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

Omer SpA (MIL:OMER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Omer SpA (MIL:OMER) » Definitions » Interest Expense

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9WR:Germany

Address

Via Foresto, 42, Susegana, ITA, 31058

Website

https://www.omerspa.com

Omer SpA is engaged in the design, production and sale of power tools and the relevant fasteners. Its products include Pneumatic tools and fasteners, Industrial staples under the brand's More, Omer USA, Omer Hungary, Velo, Rapter, Black Magic among others.