Salmon Evolution ASA (OSL:SALME) Interest Expense : kr-33.9 Mil (TTM As of Dec. 2023)

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What is Salmon Evolution ASA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Salmon Evolution ASA's interest expense for the three months ended in Dec. 2023 was kr -15.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was kr-33.9 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. Salmon Evolution ASA's Operating Income for the three months ended in Dec. 2023 was kr -33.3 Mil. Salmon Evolution ASA's Interest Expense for the three months ended in Dec. 2023 was kr -15.0 Mil. Salmon Evolution ASA 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.

Salmon Evolution ASA Interest Expense Historical Data

The historical data trend for Salmon Evolution 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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Salmon Evolution ASA Interest Expense Chart

Salmon Evolution ASA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.03

-0.06

-1.01

-3.01

-33.91

Salmon Evolution ASA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial												-0.77	-0.93	-7.76	-10.20	-15.02

Salmon Evolution 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-33.9 Mil.

Salmon Evolution ASA (OSL:SALME) 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.

Salmon Evolution ASA's Interest Expense for the three months ended in Dec. 2023 was kr-15.0 Mil. Its Operating Income for the three months ended in Dec. 2023 was kr-33.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was kr578.2 Mil.

Salmon Evolution ASA's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Salmon Evolution ASA did not have earnings to cover the interest expense.

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

Salmon Evolution ASA (OSL:SALME) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Salmon Evolution ASA (OSL:SALME) » Definitions » Interest Expense

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Traded in Other Exchanges

SALMEo:Sweden 60E:Germany

Address

Torget 5, NO-6440 Elnesvagen, Hustadvika, NOR, 6440

Website

https://www.salmonevolution.no

Salmon Evolution ASA is a land-based salmon farming company in Norway. Its focus is on extending the ocean's potential by transferring the preconditions offered by the sea to farm fish on land through its chosen hybrid flow-through system technology (HFS). It production facility of the company is located in Indre Haroy, Norway. It offers access to an educated and experienced workforce, established infrastructure for salmon farming, renewable energy, and unlimited fresh seawater.

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