Vestum AB (OSTO:VESTUM) Interest Expense : kr-263 Mil (TTM As of Mar. 2024)

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What is Vestum AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vestum AB's interest expense for the three months ended in Mar. 2024 was kr -47 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-263 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. Vestum AB's Operating Income for the three months ended in Mar. 2024 was kr 11 Mil. Vestum AB's Interest Expense for the three months ended in Mar. 2024 was kr -47 Mil. Vestum AB's Interest Coverage for the quarter that ended in Mar. 2024 was 0.23. 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.

Vestum AB Interest Expense Historical Data

The historical data trend for Vestum 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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Vestum AB Interest Expense Chart

Vestum AB Annual Data

Trend

Dec14

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Dec19

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Dec23

Interest Expense

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-6.81

-1.00

-40.00

-180.00

-228.00

Vestum 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															-9.00	-	-103.00	-113.00	-47.00

Vestum 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-263 Mil.

Vestum AB (OSTO:VESTUM) 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.

Vestum AB's Interest Expense for the three months ended in Mar. 2024 was kr-47 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr11 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr993 Mil.

Vestum 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	*	11	/	-47
	=	0.23

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

Vestum AB (OSTO:VESTUM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Vestum AB (OSTO:VESTUM) » Definitions » Interest Expense

Traded in Other Exchanges

W0S:Germany

Address

Riddargatan 10, Stockholm, SWE, 114 35

Website

https://www.vestum.se

Vestum AB is an acquisition-driven group that acquires and develops companies in construction, and infrastructure industries within the segments Water, Services and Infrastructure. The segment Water includes companies with a focus on improving the service sector for water infrastructure, Service segment includes companies that provide various services for the construction services industry, and Infra segment includes companies that work in areas such as civil engineering, water & sewage, roads, bridges, etc. Infra segment contributes majorily to the revenue of the company.

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