Webstep ASA (OSL:WSTEP) Interest Expense : kr-5.9 Mil (TTM As of Mar. 2024)

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What is Webstep ASA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Webstep ASA's interest expense for the three months ended in Mar. 2024 was kr -1.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-5.9 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. Webstep ASA's Operating Income for the three months ended in Mar. 2024 was kr 22.2 Mil. Webstep ASA's Interest Expense for the three months ended in Mar. 2024 was kr -1.7 Mil. Webstep ASA's Interest Coverage for the quarter that ended in Mar. 2024 was 12.77. 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.

Webstep ASA Interest Expense Historical Data

The historical data trend for Webstep 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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Webstep ASA Interest Expense Chart

Webstep ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-2.25

-3.03

-2.99

-4.51

-6.31

Webstep 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															-1.24	-1.28	-1.92	-1.01	-1.74

Webstep 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-5.9 Mil.

Webstep ASA (OSL:WSTEP) 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.

Webstep ASA's Interest Expense for the three months ended in Mar. 2024 was kr-1.7 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr22.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr77.2 Mil.

Webstep 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	*	22.189	/	-1.737
	=	12.77

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

Webstep ASA (OSL:WSTEP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Webstep ASA (OSL:WSTEP) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Universitetsgata 2, Rebel, Oslo, NOR, NO-0164

Website

https://www.webstep.com

Webstep ASA is engaged in the provision of information technology (IT) consultancy services. Its core digitalization offerings include digitalization, cloud migration and integration in addition, it also focused on the Internet of Things (IoT), machine learning and analytics. The company also provides cloud services and infrastructure, security and mobility solutions, robotics, as well as IT advisory and management solutions. It operates in two geographical segments, Norway and Sweden. The company earns. majority revenue from Sweden.

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