Orkla ASA (Orkla ASA) Interest Expense : $-104 Mil (TTM As of Dec. 2023)

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What is Orkla ASA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Orkla ASA's interest expense for the three months ended in Dec. 2023 was $ -33 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-104 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. Orkla ASA's Operating Income for the three months ended in Dec. 2023 was $ 144 Mil. Orkla ASA's Interest Expense for the three months ended in Dec. 2023 was $ -33 Mil. Orkla ASA's Interest Coverage for the quarter that ended in Dec. 2023 was 4.33. 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.

Orkla ASA Interest Expense Historical Data

The historical data trend for Orkla ASA'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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Orkla ASA Interest Expense Chart

Orkla ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-26.37

-23.20

-24.50

-43.32

-105.03

Orkla ASA 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															-19.33	-19.94	-24.92	-25.83	-33.37

Orkla ASA 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 $-104 Mil.

Orkla ASA (OTCPK:ORKLY) 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.

Orkla ASA's Interest Expense for the three months ended in Dec. 2023 was $-33 Mil. Its Operating Income for the three months ended in Dec. 2023 was $144 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,628 Mil.

Orkla ASA'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	*	144.463	/	-33.367
	=	4.33

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

Orkla ASA (Orkla ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Orkla ASA (OTCPK:ORKLY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ORKLF:USA ORKo:Sweden ORK:Norway ORKo:UK 0FIN:UK OKL:Germany

Address

Drammensveien 149, Oslo, NOR, NO-0277

Website

https://www.orkla.no

Orkla ASA is a branded consumer goods company, originally from Norway. Its business consists of the following divisions: Orkla Foods, Orkla Confectionery and Snacks, Orkla Care, Orkla Food Ingredients, and Orkla Consumer & Financial Investments business. Orkla offers its products to the grocery sector, specialty retailers, out-of-home sectors, and the bakery market. Orkla's main geographical markets are the Nordic and Norway regions, which account for more than half of the total sales. The Orkla Group also sells some of its product categories in Central Europe and India.

Orkla ASA (Orkla ASA) Headlines

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