Fastighets AB Balder (OSTO:BALD B) Interest Expense : kr-3,416 Mil (TTM As of Mar. 2024)

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What is Fastighets AB Balder Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Fastighets AB Balder's interest expense for the three months ended in Mar. 2024 was kr -964 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-3,416 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. Fastighets AB Balder's Operating Income for the three months ended in Mar. 2024 was kr 1,992 Mil. Fastighets AB Balder's Interest Expense for the three months ended in Mar. 2024 was kr -964 Mil. Fastighets AB Balder's Interest Coverage for the quarter that ended in Mar. 2024 was 2.07. 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.

Fastighets AB Balder Interest Expense Historical Data

The historical data trend for Fastighets AB Balder'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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Fastighets AB Balder Interest Expense Chart

Fastighets AB Balder Annual Data

Trend

Dec14

Dec15

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Dec23

Interest Expense

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-1,529.00

-1,511.00

-1,751.00

-2,251.00

-4,487.00

Fastighets AB Balder 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															-19.00	-732.00	-881.00	-839.00	-964.00

Fastighets AB Balder 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-3,416 Mil.

Fastighets AB Balder (OSTO:BALD B) 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.

Fastighets AB Balder's Interest Expense for the three months ended in Mar. 2024 was kr-964 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr1,992 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr142,532 Mil.

Fastighets AB Balder'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	*	1992	/	-964
	=	2.07

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Fastighets AB Balder interest coverage is 2.32, which is low.

Fastighets AB Balder (OSTO:BALD B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Fastighets AB Balder (OSTO:BALD B) » Definitions » Interest Expense

Traded in Other Exchanges

BALDF:USA 0H2Z:UK 28F0:Germany

Address

Parkgatan 49, P.O. Box 53121, Gothenburg, SWE, 400 15

Website

https://www.balder.se

Fastighets AB Balder is engaged in acquiring, developing, and managing residential properties and commercial properties based on local presence and creating customer value by meeting the needs of different customer groups for commercial premises and housing in Sweden, Denmark, Finland, Norway, Germany, and the UK. The company's property portfolio contains a wide variety of commercial space, ranging from office, retail, and warehouse space, out of which Residential properties constitute the majority portion of the company's portfolio. The Group's business segments are; Helsinki, Stockholm, Gothenburg, Copenhagen, South, East, and North. The company generates revenue through income earned on the rents of its properties and on the management of its real estate.

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