ABgax (CHIX:SAGAAS) Interest Expense : kr-744 Mil (TTM As of Mar. 2024)

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What is ABgax Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ABgax's interest expense for the three months ended in Mar. 2024 was kr -193 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-744 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. ABgax's Operating Income for the three months ended in Mar. 2024 was kr 916 Mil. ABgax's Interest Expense for the three months ended in Mar. 2024 was kr -193 Mil. ABgax's Interest Coverage for the quarter that ended in Mar. 2024 was 4.75. 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.

ABgax Interest Expense Historical Data

The historical data trend for ABgax'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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ABgax Interest Expense Chart

ABgax Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-374.00

-455.00

-414.00

-449.00

-724.00

ABgax 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															-172.00	-179.00	-182.00	-190.00	-193.00

ABgax 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-744 Mil.

ABgax (CHIX:SAGAAs) 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.

ABgax's Interest Expense for the three months ended in Mar. 2024 was kr-193 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr916 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr25,185 Mil.

ABgax'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	*	916	/	-193
	=	4.75

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

ABgax (CHIX:SAGAAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » AB Sagax (CHIX:SAGAAs) » Definitions » Interest Expense

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Traded in Other Exchanges

SAGA D:Sweden SAGA B:Sweden SAGA A:Sweden SAGABs:UK 0QDX:UK EFE:Germany

Address

Engelbrektsplan 1, Stockholm, SWE, SE-114 34

Website

https://www.sagax.se

AB Sagax is a property company that invests in commercial properties with a focus on the warehouse and light industry segment. The company owns properties in Sweden, Finland, Germany, and Denmark, with a total rental space of more than 3 million square metres. A significant proportion of the company's real estate portfolio is located in the Stockholm and Helsinki regions. The company's revenue consists primarily of rental income for the provision of premises, of which the majority is derived from the government, municipalities, or companies with significant sales.

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