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SSAB AB (CHIX:SSABAS) Interest Expense : kr0 Mil (TTM As of Mar. 2024)


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What is SSAB AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. SSAB AB's interest expense for the three months ended in Mar. 2024 was kr 0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr0 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. SSAB AB's Operating Income for the three months ended in Mar. 2024 was kr 3,171 Mil. SSAB AB's Interest Expense for the three months ended in Mar. 2024 was kr 0 Mil. GuruFocus does not calculate SSAB AB's interest coverage with the available data. 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.

SSAB AB Interest Expense Historical Data

The historical data trend for SSAB 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.

* Premium members only.

SSAB AB Interest Expense Chart

SSAB AB Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -613.00 -519.00 -464.00 -530.00 -790.00

SSAB 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

SSAB 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 kr0 Mil.

* 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.

SSAB AB  (CHIX:SSABAs) Interest Expense Explanation

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. The higher, the better.

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

SSAB AB's Interest Expense for the three months ended in Mar. 2024 was kr0 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr3,171 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr8,640 Mil.

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

GuruFocus does not calculate SSAB AB's interest coverage with the available data.

* 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.

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. SSAB AB has enough cash to cover all of its debt. Its financial situation is stable.

SSAB AB (CHIX:SSABAS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » SSAB AB (CHIX:SSABAs) » Definitions » Interest Expense
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OSTO:ALLEI OSTO:BEGR NUE BOM:500228 NSE:TATASTEEL XKRX:005490 SHSE:600019 STLD XAMS:MT TSE:5401 MIC:CHMF RS TPE:2002 BOM:532286 SZSE:000708 SHSE:600010 TSE:5411 BOM:526371 TX CLF
Traded in Other Exchanges
SSAAY:USA SSAB B:Sweden SSAB A:Sweden SSABBs:UK 0MHZ:UK 0KII:UK SSABBH:Finland SSABAH:Finland SKWA:Germany
Address
Klarabergsviadukten 70, D6, Box 70, Stockholm, SWE, SE-101 21
Website
https://www.ssab.com
SSAB is a Sweden-based company that operates through five divisions. SSAB special steels sell structural high-strength steel, wear-resistant steel, protection steel, and tool steel. SSAB Europe is a Nordic-based producer of the strip, plate, and tube products. SSAB Americas is a Northern American steel plate and coil maker. Tibnor, SSAB's subsidiary, is a Nordic distributor of steel and nonferrous metals. Ruukki Construction, another subsidiary of SSAB, is a Europe-based provider of energy-efficient building and construction solutions. Steel products represent the majority of the company's sales. SSAB primarily serves customers from heavy transport, construction, automotive, construction machinery, energy, and other sectors. SSAB generates most of its revenue from Europe and North America.

SSAB AB (CHIX:SSABAS) Headlines

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