Nurminen Logistics Oyj (Nurminen Logistics Oyj) Interest Expense : $-3.8 Mil (TTM As of Dec. 2023)

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What is Nurminen Logistics Oyj Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nurminen Logistics Oyj's interest expense for the six months ended in Dec. 2023 was $ -1.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-3.8 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. Nurminen Logistics Oyj's Operating Income for the six months ended in Dec. 2023 was $ 13.0 Mil. Nurminen Logistics Oyj's Interest Expense for the six months ended in Dec. 2023 was $ -1.6 Mil. Nurminen Logistics Oyj's Interest Coverage for the quarter that ended in Dec. 2023 was 8.09. 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.

Nurminen Logistics Oyj Interest Expense Historical Data

The historical data trend for Nurminen Logistics Oyj'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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Nurminen Logistics Oyj Interest Expense Chart

Nurminen Logistics Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-2.41

-2.33

-1.49

-1.39

-3.81

Nurminen Logistics Oyj Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.28	-1.01	-0.37	-2.19	-1.60

Nurminen Logistics Oyj 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-3.8 Mil.

Nurminen Logistics Oyj (GREY:NRNMF) 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.

Nurminen Logistics Oyj's Interest Expense for the six months ended in Dec. 2023 was $-1.6 Mil. Its Operating Income for the six months ended in Dec. 2023 was $13.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $29.6 Mil.

Nurminen Logistics Oyj's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	12.952	/	-1.601
	=	8.09

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

Nurminen Logistics Oyj (Nurminen Logistics Oyj) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Nurminen Logistics Oyj (GREY:NRNMF) » Definitions » Interest Expense

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NLG1V:Finland 8I4:Germany

Address

Satamakaari 24, Helsinki, FIN, 00980

Website

https://www.nurminenlogistics.com

Nurminen Logistics Oyj is engaged in the provision of logistics services. The company offers high-quality rail transport, terminal, and multimodal solutions between Asia and Europe and in the Nordic and Baltic countries. The company's revenue consists mainly of forwarding services, railway transport and terminal services. The company also receives income from short-term and long-term warehousing services. Geographically, it derives most of its revenue from Baltic countries and has a presence in Russia.

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