Norsk Titanium AS (Norsk Titanium AS) Interest Expense : $-0.14 Mil (TTM As of Dec. 2023)

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What is Norsk Titanium AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Norsk Titanium AS's interest expense for the six months ended in Dec. 2023 was $ -0.02 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.14 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. Norsk Titanium AS's Operating Income for the six months ended in Dec. 2023 was $ -12.37 Mil. Norsk Titanium AS's Interest Expense for the six months ended in Dec. 2023 was $ -0.02 Mil. Norsk Titanium AS 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.

Norsk Titanium AS Interest Expense Historical Data

The historical data trend for Norsk Titanium AS'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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Norsk Titanium AS Interest Expense Chart

Norsk Titanium AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.78

-0.23

-0.32

-0.14

Norsk Titanium AS Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial					1.15	-0.14	0.14	-0.12	-0.02

Norsk Titanium AS 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 $-0.14 Mil.

Norsk Titanium AS (OTCPK:NORSF) 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.

Norsk Titanium AS's Interest Expense for the six months ended in Dec. 2023 was $-0.02 Mil. Its Operating Income for the six months ended in Dec. 2023 was $-12.37 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $1.44 Mil.

Norsk Titanium AS's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Norsk Titanium AS did not have earnings to cover the interest expense.

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

Norsk Titanium AS (Norsk Titanium AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Norsk Titanium AS (OTCPK:NORSF) » Definitions » Interest Expense

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NTI:Norway 84F:Germany

Address

Flyplassveien 20, Honefoss, NOR, 3514

Website

https://www.norsktitanium.com

Norsk Titanium AS is a producer of aerospace-grade, additively manufactured, structural titanium components for commercial aerospace tier-one suppliers. Its patented RPD technology revolutionizes the industry by pioneering a new era of on-demand metal additive manufacturing that delivers 3D-printed, structural titanium, providing substantial lead-time and cost savings to the aerospace, defence, and industrial markets.

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