AAK AB (AAK AB) Interest Expense : $-34 Mil (TTM As of Mar. 2024)

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What is AAK AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AAK AB's interest expense for the three months ended in Mar. 2024 was $ -8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-34 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. AAK AB's Operating Income for the three months ended in Mar. 2024 was $ 120 Mil. AAK AB's Interest Expense for the three months ended in Mar. 2024 was $ -8 Mil. AAK AB's Interest Coverage for the quarter that ended in Mar. 2024 was 15.11. 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.

AAK AB Interest Expense Historical Data

The historical data trend for AAK AB'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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AAK AB Interest Expense Chart

AAK AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-14.10

-13.63

-10.67

-19.56

-27.30

AAK AB 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															-9.55	-7.61	-9.65	-8.38	-7.97

AAK AB 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 $-34 Mil.

AAK AB (OTCPK:ARHUF) 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.

AAK AB's Interest Expense for the three months ended in Mar. 2024 was $-8 Mil. Its Operating Income for the three months ended in Mar. 2024 was $120 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $250 Mil.

AAK AB'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	*	120.446	/	-7.972
	=	15.11

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

AAK AB (AAK AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » AAK AB (OTCPK:ARHUF) » Definitions » Interest Expense

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Traded in Other Exchanges

AAK:Sweden AAKs:UK 0A0J:UK 6AA0:Germany

Address

Skrivaregatan 9, Malmo, SWE, SE-215 32

Website

https://www.aak.com

AAK AB is a Swedish refined vegetable oils producer with sales operations around the world. The company has three business segments: Food ingredients, Chocolate & confectionery fats, and Technical products & feed. The food ingredients segment provides solutions to the bakery, dairy, nutrition, plant-based, & food service industries. The Chocolate & Confectionery Fats segment mainly serves manufacturers of chocolate, spreads, & fillings products as well as customers in the personal care industry. Technical Products & Feed segment provides a growing range of specialized solutions, responding to an increased demand for natural ingredients & sustainability. The majority is from the Food ingredients segment.