Stora Enso Oyj (LTS:0CXC) Interest Expense : €-139 Mil (TTM As of Dec. 2023)

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What is Stora Enso Oyj Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Stora Enso Oyj's interest expense for the three months ended in Dec. 2023 was € -19 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-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. Stora Enso Oyj's Operating Income for the three months ended in Dec. 2023 was € 143 Mil. Stora Enso Oyj's Interest Expense for the three months ended in Dec. 2023 was € -19 Mil. Stora Enso Oyj's Interest Coverage for the quarter that ended in Dec. 2023 was 7.53. 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.

Stora Enso Oyj Interest Expense Historical Data

The historical data trend for Stora Enso Oyj'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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Stora Enso Oyj Interest Expense Chart

Stora Enso Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-161.00

-139.00

-130.00

-128.00

-188.00

Stora Enso Oyj Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-7.00	-29.00	-51.00	-40.00	-19.00

Stora Enso Oyj 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €-139 Mil.

Stora Enso Oyj (LTS:0CXC) 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.

Stora Enso Oyj's Interest Expense for the three months ended in Dec. 2023 was €-19 Mil. Its Operating Income for the three months ended in Dec. 2023 was €143 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was €4,445 Mil.

Stora Enso Oyj's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	143	/	-19
	=	7.53

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

Stora Enso Oyj (LTS:0CXC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Stora Enso Oyj (LTS:0CXC) » Definitions » Interest Expense

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Address

P.O. Box 309, Helsinki, FIN, FI-00101

Website

https://www.storaenso.com

Stora Enso Oyj company develops and produces solutions based on wood and biomass for a range of industries and applications worldwide, leading in the bioeconomy. Its operating segments are Packaging Materials, Packaging Solutions, Biomaterials, Wood Products, Forest, Paper, and others. The Packaging Solutions division develops and sells premium fiber-based packaging products and services. Its high-end eco-friendly packaging products are used by leading brands across multiple market sectors, including the retail, e-commerce, and industrial sectors. Key revenue is generated from the Packaging Solutions segment.

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