Ekotechnika AG (XTER:ETE) Interest Expense : €-7.1 Mil (TTM As of Sep. 2023)

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What is Ekotechnika AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ekotechnika AG's interest expense for the six months ended in Sep. 2023 was € -3.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was €-7.1 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. Ekotechnika AG's Operating Income for the six months ended in Sep. 2023 was € 12.6 Mil. Ekotechnika AG's Interest Expense for the six months ended in Sep. 2023 was € -3.8 Mil. Ekotechnika AG's Interest Coverage for the quarter that ended in Sep. 2023 was 3.30. 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.

Ekotechnika AG Interest Expense Historical Data

The historical data trend for Ekotechnika 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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Ekotechnika AG Interest Expense Chart

Ekotechnika AG Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-3.82

-3.68

-3.24

-3.31

-7.09

Ekotechnika AG Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial													-1.53	-1.58	-1.72	-3.28	-3.81

Ekotechnika 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-7.1 Mil.

Ekotechnika AG (XTER:ETE) 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.

Ekotechnika AG's Interest Expense for the six months ended in Sep. 2023 was €-3.8 Mil. Its Operating Income for the six months ended in Sep. 2023 was €12.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was €1.2 Mil.

Ekotechnika AG's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	12.595	/	-3.811
	=	3.30

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

Ekotechnika AG (XTER:ETE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Ekotechnika AG (XTER:ETE) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Johann-Jakob-Astor-Strasse 49, Walldorf, BW, DEU, 69190

Website

https://www.ekotechnika.de

Ekotechnika AG is a dealer of agricultural machinery. The company offers tractors, milking machines, spare parts, customer service and smart farming. Its business segments are classified into new machinery, spare parts, service, and smart farming. Its geographical segments include the Central region, Black earth region, and Siberian region. Majority of its revenue derived from Central region segment.

Executives

Lars Bjarne Buwitt

Supervisory Board

Ekotechnika AG (XTER:ETE) Headlines

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