Skanska AB (OSTO:SKA B) Interest Expense : kr-133 Mil (TTM As of Mar. 2024)

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What is Skanska AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Skanska AB's interest expense for the three months ended in Mar. 2024 was kr -66 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-133 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. Skanska AB's Operating Income for the three months ended in Mar. 2024 was kr 361 Mil. Skanska AB's Interest Expense for the three months ended in Mar. 2024 was kr -66 Mil. Skanska AB's Interest Coverage for the quarter that ended in Mar. 2024 was 5.47. 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.

Skanska AB Interest Expense Historical Data

The historical data trend for Skanska 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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Skanska AB Interest Expense Chart

Skanska AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-258.00

-304.00

-223.00

-48.00

-52.00

Skanska 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															-1.00	-15.00	-40.00	-12.00	-66.00

Skanska 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-133 Mil.

Skanska AB (OSTO:SKA 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.

Skanska AB's Interest Expense for the three months ended in Mar. 2024 was kr-66 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr361 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr6,236 Mil.

Skanska 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	*	361	/	-66
	=	5.47

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

Skanska AB (OSTO:SKA B) Business Description

Industry

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Traded in Other Exchanges

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Address

Warfvinges vag 25, Stockholm, SWE, 112 74

Website

https://www.group.skanska.com

Skanska AB is one of the world's construction and project development companies. It develops properties and structures in the Nordic region, North America, and elsewhere. The company uses its skills and expertise to develop highways, bridges, mass transit, houses, and logistic centers. Skanska operates in business segments: construction (the majority of total revenue), residential development, commercial property development. It earns contracts and exploits local knowledge of markets, customers, and suppliers to meet clients' needs. Projects range from simple to highly technical and are driven by urbanization in the designated regions. The majority of revenue derives from Europe.

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