Loomis AB (Loomis AB) Interest Expense : $-60 Mil (TTM As of Mar. 2024)

View and export this data going back to 2009. Start your Free Trial

What is Loomis AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Loomis AB's interest expense for the three months ended in Mar. 2024 was $ -18 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-60 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. Loomis AB's Operating Income for the three months ended in Mar. 2024 was $ 68 Mil. Loomis AB's Interest Expense for the three months ended in Mar. 2024 was $ -18 Mil. Loomis AB's Interest Coverage for the quarter that ended in Mar. 2024 was 3.72. 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.

Loomis AB Interest Expense Historical Data

The historical data trend for Loomis 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.

Loomis AB Interest Expense Chart

Loomis AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-23.96

-23.08

-19.47

-28.14

-56.25

Loomis 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															-11.93	-14.21	-15.88	-11.99	-18.35

Loomis 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 $-60 Mil.

Loomis AB (OTCPK:LOIMF) 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.

Loomis AB's Interest Expense for the three months ended in Mar. 2024 was $-18 Mil. Its Operating Income for the three months ended in Mar. 2024 was $68 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $999 Mil.

Loomis 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	*	68.195	/	-18.345
	=	3.72

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

Loomis AB (Loomis AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Loomis AB (OTCPK:LOIMF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

LOOMIS:Sweden 0JYZ:UK K900:Germany

Address

Drottninggatan 82, 4th floor, P.O Box 702, Stockholm, SWE, 111 36

Website

https://www.loomis.com

Loomis AB is a Sweden-based company primarily engaged in cash handling services, which include cash in transit, or CIT, and cash management services, or CMS. CIT involves transporting cash to and from stores, banks and ATMs. CMS involves moving cash from customers to Loomis' cash centers where Loomis counts and packages bills and coins with quality assurance. CMS also involves cash flow analyzing, forecasting, and reporting, as well as other customized solutions. Besides CIT and CMS, Loomis also provides cross-border transportation services and general cargo services. Its segments are Europe, the United States, and Loomis Pay.