Solwers Oyj (OHEL:SOLWERS) Interest Expense : €-1.02 Mil (TTM As of Dec. 2023)

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What is Solwers Oyj Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Solwers Oyj's interest expense for the six months ended in Dec. 2023 was € -0.52 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-1.02 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. Solwers Oyj's Operating Income for the six months ended in Dec. 2023 was € 1.86 Mil. Solwers Oyj's Interest Expense for the six months ended in Dec. 2023 was € -0.52 Mil. Solwers Oyj's Interest Coverage for the quarter that ended in Dec. 2023 was 3.60. 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.

Solwers Oyj Interest Expense Historical Data

The historical data trend for Solwers Oyj'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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Solwers Oyj Interest Expense Chart

Solwers Oyj Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.22

-0.32

-1.06

-0.42

-0.91

Solwers Oyj Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial					-0.20	-0.20	-0.48	-0.51	-0.52

Solwers Oyj 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 €-1.02 Mil.

Solwers Oyj (OHEL:SOLWERS) 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.

Solwers Oyj's Interest Expense for the six months ended in Dec. 2023 was €-0.52 Mil. Its Operating Income for the six months ended in Dec. 2023 was €1.86 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €20.64 Mil.

Solwers Oyj'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	*	1.857	/	-0.516
	=	3.60

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

Solwers Oyj (OHEL:SOLWERS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Solwers Oyj (OHEL:SOLWERS) » Definitions » Interest Expense

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0ST:Germany

Address

Kappelikuja 6 B, 2nd Floor, Espoo, FIN, 02200

Website

https://www.solwers.fi

Solwers Oyj is engaged in providing architecture, technical consulting, environmental monitoring, project management, circular economy, and digital solutions. It offers a wide range of design and project management solutions for building individual and sustainable environments in Finland and Sweden. In addition, its two subsidiaries offer financial services.

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