Elmera Group ASA (OSL:ELMRA) Interest Expense : kr-167 Mil (TTM As of Mar. 2024)

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What is Elmera Group ASA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Elmera Group ASA's interest expense for the three months ended in Mar. 2024 was kr -58 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-167 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. Elmera Group ASA's Operating Income for the three months ended in Mar. 2024 was kr 176 Mil. Elmera Group ASA's Interest Expense for the three months ended in Mar. 2024 was kr -58 Mil. Elmera Group ASA's Interest Coverage for the quarter that ended in Mar. 2024 was 3.06. 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.

Elmera Group ASA Interest Expense Historical Data

The historical data trend for Elmera Group ASA'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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Elmera Group ASA Interest Expense Chart

Elmera Group ASA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-8.63

-13.80

-68.84

-158.81

-149.89

Elmera Group ASA 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															-39.97	-43.52	-23.22	-43.19	-57.55

Elmera Group ASA 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 kr-167 Mil.

Elmera Group ASA (OSL:ELMRA) 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.

Elmera Group ASA's Interest Expense for the three months ended in Mar. 2024 was kr-58 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr176 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr554 Mil.

Elmera Group ASA'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	*	176.129	/	-57.546
	=	3.06

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

Elmera Group ASA (OSL:ELMRA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Elmera Group ASA (OSL:ELMRA) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Folke Bernadottes vei 38, Fyllingsdalen, Bergen, NOR, 5147

Website

https://investor.elmeragroup.no

Elmera Group ASA formerly Fjordkraft Holding ASA is an electric power supply company that serves the private and public sectors along with the residences of Norway. It operates in segments being; Consumer, Business, Nordic and New Growth Initiatives (NGI), which consists of its mobile services business, the alliance segment and the Extended Alliance. The consumer segment comprises the sale of electrical power to private consumers which generates key revenue whilst the latter comprises of sale of electricity to businesses.

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