MEKO AB (OSTO:MEKO) Interest Expense : kr-294 Mil (TTM As of Mar. 2024)

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What is MEKO AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MEKO AB's interest expense for the three months ended in Mar. 2024 was kr -75 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-294 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. MEKO AB's Operating Income for the three months ended in Mar. 2024 was kr 146 Mil. MEKO AB's Interest Expense for the three months ended in Mar. 2024 was kr -75 Mil. MEKO AB's Interest Coverage for the quarter that ended in Mar. 2024 was 1.95. 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.

MEKO AB Interest Expense Historical Data

The historical data trend for MEKO AB'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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MEKO AB Interest Expense Chart

MEKO AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-151.00

-133.00

-115.00

-152.00

-286.00

MEKO AB 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															-67.00	-72.00	-80.00	-67.00	-75.00

MEKO AB 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-294 Mil.

MEKO AB (OSTO:MEKO) 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.

MEKO AB's Interest Expense for the three months ended in Mar. 2024 was kr-75 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr146 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr5,002 Mil.

MEKO AB'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	*	146	/	-75
	=	1.95

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

MEKO AB (OSTO:MEKO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » MEKO AB (OSTO:MEKO) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

0HDJ:UK

Address

Solnavagen 4, 11th Floor, Box 19542, Stockholm, SWE, SE-104 32

Website

https://www.meko.com

Meko AB functions in the car aftermarket, operating car service chains, and wholesale operations. It offers spare parts and accessories to affiliated workshops, other workshops, other business-to-business customers, and car owners. The company conducts business through segments: Denmark, Finland, Poland/the Baltics, Sweden/Norway, and Sorensen og Balchen (Norway). It generates maximum revenue from Sweden/Norway. Affiliated workshops operate under the company's brands: BilXtra, MECA Car Service, Mekonomen Bilverstad, MekoPartner, and Speedy, among others.

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