Comet Holding AG (XSWX:COTN) Interest Expense : CHF-2.2 Mil (TTM As of Dec. 2023)

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What is Comet Holding AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Comet Holding AG's interest expense for the six months ended in Dec. 2023 was CHF -1.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was CHF-2.2 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. Comet Holding AG's Operating Income for the six months ended in Dec. 2023 was CHF 20.3 Mil. Comet Holding AG's Interest Expense for the six months ended in Dec. 2023 was CHF -1.9 Mil. Comet Holding AG's Interest Coverage for the quarter that ended in Dec. 2023 was 10.46. 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.

Comet Holding AG Interest Expense Historical Data

The historical data trend for Comet Holding AG'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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Comet Holding AG Interest Expense Chart

Comet Holding AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-2.00

-1.92

-1.54

-1.72

-2.21

Comet Holding AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.80	-0.65	-1.07	-0.28	-1.94

Comet Holding AG 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 CHF-2.2 Mil.

Comet Holding AG (XSWX:COTN) 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.

Comet Holding AG's Interest Expense for the six months ended in Dec. 2023 was CHF-1.9 Mil. Its Operating Income for the six months ended in Dec. 2023 was CHF20.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was CHF92.0 Mil.

Comet Holding AG'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	*	20.267	/	-1.938
	=	10.46

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

Comet Holding AG (XSWX:COTN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Comet Holding AG (XSWX:COTN) » Definitions » Interest Expense

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Traded in Other Exchanges

COTNz:UK

Address

Herrengasse 10, P.O. Box 141, Flamatt, CHE, 3175

Website

http://www.comet-group.com

Comet Holding AG is a vendor of x-ray, radio frequency (RF) power and ebeam technology. It markets its systems and services, under the Comet, Yxlon and ebeam brands. Yxlon x-ray systems for non-destructive testing are supplied to end customers in the automotive, aerospace, electronics and energy sectors. Under the Comet brand, the group builds components and modules such as x-ray sources, vacuum capacitors, RF generators and impedance matching networks, marketed to manufacturers in the automotive, aerospace, semiconductor and solar industries as well as the security sector. Under the ebeam brand, the group develops and markets compact ebeam sets for the treatment of surfaces in the food and printing industries.

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