Laboratorios Farmaceuticos Rovi (XMAD:ROVI) Interest Expense : €-0.8 Mil (TTM As of Mar. 2024)

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What is Laboratorios Farmaceuticos Rovi Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Laboratorios Farmaceuticos Rovi's interest expense for the three months ended in Mar. 2024 was € -0.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-0.8 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. Laboratorios Farmaceuticos Rovi's Operating Income for the three months ended in Mar. 2024 was € 19.3 Mil. Laboratorios Farmaceuticos Rovi's Interest Expense for the three months ended in Mar. 2024 was € -0.3 Mil. Laboratorios Farmaceuticos Rovi's Interest Coverage for the quarter that ended in Mar. 2024 was 61.02. 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.

Laboratorios Farmaceuticos Rovi Interest Expense Historical Data

The historical data trend for Laboratorios Farmaceuticos Rovi'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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Laboratorios Farmaceuticos Rovi Interest Expense Chart

Laboratorios Farmaceuticos Rovi Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.65

-0.81

-0.67

-0.61

-0.67

Laboratorios Farmaceuticos Rovi Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.15	-0.22	-0.24	-0.06	-0.32

Laboratorios Farmaceuticos Rovi 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-0.8 Mil.

Laboratorios Farmaceuticos Rovi (XMAD:ROVI) 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.

Laboratorios Farmaceuticos Rovi's Interest Expense for the three months ended in Mar. 2024 was €-0.3 Mil. Its Operating Income for the three months ended in Mar. 2024 was €19.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €59.6 Mil.

Laboratorios Farmaceuticos Rovi's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	19.282	/	-0.316
	=	61.02

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

Laboratorios Farmaceuticos Rovi (XMAD:ROVI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Laboratorios Farmaceuticos Rovi SA (XMAD:ROVI) » Definitions » Interest Expense

Comparable Companies

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ROVI:Mexico ROVIe:UK 41L:Germany

Address

Julian Camarillo, 35, Madrid, ESP, 28037

Website

https://www.rovi.es

Laboratorios Farmaceuticos Rovi SA is a biotechnology company engaged in the research, development, manufacturing, and marketing of small molecule and specialty biologic drugs. The company has a diversified portfolio of products that it markets in Spain through its specialized sales force of specialist physicians, hospitals and pharmacies. Laboratorios' research and development pipeline is focused on the expansion of applications, indications, and alternative mechanisms of action for heparin-derived products. The company aims to obtain new pharmaceutical products that enable the regular administration of formulations that are administered daily in chronic and prolonged treatments. Its two segments are Manufacturing and Marketing.