New Wave Group AB (OSTO:NEWA B) Interest Expense : kr-139 Mil (TTM As of Mar. 2024)

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What is New Wave Group AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. New Wave Group AB's interest expense for the three months ended in Mar. 2024 was kr -33 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-139 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. New Wave Group AB's Operating Income for the three months ended in Mar. 2024 was kr 186 Mil. New Wave Group AB's Interest Expense for the three months ended in Mar. 2024 was kr -33 Mil. New Wave Group AB's Interest Coverage for the quarter that ended in Mar. 2024 was 5.64. 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.

New Wave Group AB Interest Expense Historical Data

The historical data trend for New Wave Group 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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New Wave Group AB Interest Expense Chart

New Wave Group AB Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-75.40

-65.10

-43.90

-53.00

-135.20

New Wave Group 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															-29.60	-36.00	-39.60	-30.00	-33.00

New Wave Group 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-139 Mil.

New Wave Group AB (OSTO:NEWA 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.

New Wave Group AB's Interest Expense for the three months ended in Mar. 2024 was kr-33 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr186 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr2,283 Mil.

New Wave Group 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	*	186	/	-33
	=	5.64

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

New Wave Group AB (OSTO:NEWA B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » New Wave Group AB (OSTO:NEWA B) » Definitions » Interest Expense

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Traded in Other Exchanges

NWG0:Germany

Address

Kungsportsavenyen 10, Gothenburg, SWE, 41136

Website

https://www.nwg.se

New Wave Group AB is a Sweden-based company that designs, acquires and develops brands and products in the corporate promo, gifts, and home furnishings sectors. The group achieves synergies by coordinating the design, purchasing, marketing, warehousing and distribution of its product range. To ensure good diversification, the Group market its products in the corporate promo market and the retail market. The group divides its operations into three operating segments, Corporate, Sports and Leisure, and Gifts and Home Furnishings.

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