New Wave Group AB (OSTO:NEWA B) Interest Coverage : 5.64 (As of Mar. 2024)

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What is New Wave Group AB Interest Coverage?

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 by its Interest Expense. New Wave Group AB's Operating Income for the three months ended in Mar. 2024 was kr186 Mil. New Wave Group AB's Interest Expense for the three months ended in Mar. 2024 was kr-33 Mil. New Wave Group AB's interest coverage for the quarter that ended in Mar. 2024 was 5.64. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for New Wave Group AB's Interest Coverage or its related term are showing as below:

OSTO:NEWA B' s Interest Coverage Range Over the Past 10 Years
Min: 3.43 Med: 7.88 Max: 26.72
Current: 9.9

OSTO:NEWA B's Interest Coverage is ranked better than
54.88% of 758 companies
in the Retail - Cyclical industry
Industry Median: 7.555 vs OSTO:NEWA B: 9.90

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

New Wave Group AB Interest Coverage Historical Data

The historical data trend for New Wave Group AB's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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New Wave Group AB Interest Coverage Chart

New Wave Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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6.43

7.69

22.34

26.72

11.10

New Wave Group AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															10.60	10.12	9.67	14.64	5.64

Competitive Comparison of New Wave Group AB's Interest Coverage

For the Specialty Retail subindustry, New Wave Group AB's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

New Wave Group AB's Interest Coverage Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, New Wave Group AB's Interest Coverage distribution charts can be found below:

* The bar in red indicates where New Wave Group AB's Interest Coverage falls into.

New Wave Group AB Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

New Wave Group AB's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, New Wave Group AB's Interest Expense was kr-135 Mil. Its Operating Income was kr1,500 Mil. And its Long-Term Debt & Capital Lease Obligation was kr2,195 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	1500.4	/	-135.2
	=	11.10

New Wave Group AB's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, New Wave Group AB's Interest Expense was kr-33 Mil. Its Operating Income was kr186 Mil. And its Long-Term Debt & Capital Lease Obligation was kr2,283 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	186	/	-33
	=	5.64

The higher the ratio, the stronger the company's Financial Strength is.

New Wave Group AB (OSTO:NEWA B) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

New Wave Group AB Interest Coverage Related Terms

Thank you for viewing the detailed overview of New Wave Group AB's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

New Wave Group AB (OSTO:NEWA B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » New Wave Group AB (OSTO:NEWA B) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

NWG0:Germany

Address

Kungsportsavenyen 10, Gothenburg, SWE, 41136

Website

https://www.nwg.se

New Wave Group AB is a Sweden-based company that designs, acquires and develops brands and products in the corporate promo, gifts, and home furnishings sectors. The group achieves synergies by coordinating the design, purchasing, marketing, warehousing and distribution of its product range. To ensure good diversification, the Group market its products in the corporate promo market and the retail market. The group divides its operations into three operating segments, Corporate, Sports and Leisure, and Gifts and Home Furnishings.

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