NCC AB (NCC AB) Interest Expense : $-10 Mil (TTM As of Mar. 2024)

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What is NCC AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NCC AB's interest expense for the three months ended in Mar. 2024 was $ -4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-10 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. NCC AB's Operating Income for the three months ended in Mar. 2024 was $ -10 Mil. NCC AB's Interest Expense for the three months ended in Mar. 2024 was $ -4 Mil. NCC AB did not have earnings to cover the interest expense. 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.

NCC AB Interest Expense Historical Data

The historical data trend for NCC 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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NCC AB Interest Expense Chart

NCC AB Annual Data

Trend

Dec14

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Dec19

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Dec23

Interest Expense

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-13.68

-10.88

-4.62

-6.36

-5.85

NCC 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															-1.15	-0.84	-3.43	-2.34	-3.65

NCC 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 $-10 Mil.

NCC AB (OTCPK:NCCBF) 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.

NCC AB's Interest Expense for the three months ended in Mar. 2024 was $-4 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-10 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $299 Mil.

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

NCC AB did not have earnings to cover the interest expense.

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

NCC AB (NCC AB) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

NCC B:Sweden NCC A:Sweden NCCBs:UK 0OFP:UK NCGB:Germany

Address

Herrjarva Torg 4, Solna, SWE, SE-170 80

Website

https://www.ncc.com

NCC AB is a leading construction and property development company in the Nordic region. Its business operations are divided into five operating segments: NCC Infrastructure, NCC Building Sweden, NCC Building Nordics, NCC Industry, and NCC Property Development in descending order of total net sales. The company's major projects include entire infrastructure build-outs such as tunnels, roads and railways, housing, office buildings, school and hospital construction, production of asphalt and stone materials, and commercial property development.