Epiroc AB (Epiroc AB) Interest Expense : $-41 Mil (TTM As of Mar. 2024)

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What is Epiroc AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Epiroc AB's interest expense for the three months ended in Mar. 2024 was $ -11 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-41 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. Epiroc AB's Operating Income for the three months ended in Mar. 2024 was $ 265 Mil. Epiroc AB's Interest Expense for the three months ended in Mar. 2024 was $ -11 Mil. Epiroc AB's Interest Coverage for the quarter that ended in Mar. 2024 was 23.79. 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.

Epiroc AB Interest Expense Historical Data

The historical data trend for Epiroc 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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Epiroc AB Interest Expense Chart

Epiroc AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-15.16

-17.70

-14.96

-21.30

-56.54

Epiroc 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															-18.80	-	-29.86	-	-11.14

Epiroc 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 $-41 Mil.

Epiroc AB (OTCPK:EPOKY) 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.

Epiroc AB's Interest Expense for the three months ended in Mar. 2024 was $-11 Mil. Its Operating Income for the three months ended in Mar. 2024 was $265 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1,700 Mil.

Epiroc 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	*	265.097	/	-11.142
	=	23.79

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

Epiroc AB (Epiroc AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Epiroc AB (OTCPK:EPOKY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

EPIPF:USA EPIAF:USA EPI A:Sweden EPI B:Sweden EPIAs:UK 3AD1:Germany

Address

Sickla Industrivag 19, Nacka, Stockholm, SWE, SE-131 54

Website

https://www.epirocgroup.com

Epiroc is a global manufacturer of niche equipment and services used by mining and infrastructure customers. The company's products include hard rock drilling equipment and excavation technologies for underground and surface mining, as well as servicing and spare parts. Approximately 69% of group sales are from the aftermarket, which includes services and the sale of spare parts and consumables. Epiroc was spun out of Atlas Copco and listed as a stand-alone company on the Nasdaq Stockholm in June 2018.

Epiroc AB (Epiroc AB) Headlines

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