GN Store Nord A/S (WBO:GNSN) Interest Expense : €-62 Mil (TTM As of Dec. 2023)

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What is GN Store Nord A/S Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. GN Store Nord A/S's interest expense for the three months ended in Dec. 2023 was € -15 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-62 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. GN Store Nord A/S's Operating Income for the three months ended in Dec. 2023 was € 24 Mil. GN Store Nord A/S's Interest Expense for the three months ended in Dec. 2023 was € -15 Mil. GN Store Nord A/S's Interest Coverage for the quarter that ended in Dec. 2023 was 1.54. 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.

GN Store Nord A/S Interest Expense Historical Data

The historical data trend for GN Store Nord A/S'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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GN Store Nord A/S Interest Expense Chart

GN Store Nord A/S Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-14.86

-9.14

-12.24

-25.00

-43.74

GN Store Nord A/S 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															-	-16.79	-17.33	-12.20	-15.30

GN Store Nord A/S 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 €-62 Mil.

GN Store Nord A/S (WBO:GNSN) 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.

GN Store Nord A/S's Interest Expense for the three months ended in Dec. 2023 was €-15 Mil. Its Operating Income for the three months ended in Dec. 2023 was €24 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was €502 Mil.

GN Store Nord A/S'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	*	23.613	/	-15.295
	=	1.54

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. GN Store Nord A/S interest coverage is 1.76, which is low.

GN Store Nord A/S (WBO:GNSN) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » GN Store Nord A/S (WBO:GNSN) » Definitions » Interest Expense

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GNNDY:USA GGNDF:USA GNc:UK 0K9P:UK GN:Denmark GNN:Germany

Address

Lautrupbjerg 7, Ballerup, DNK, 2750

Website

https://www.gn.com

GN Store Nord is a Danish company offering medical and audio solutions. The group consists of two businesses: audio (about 62% of sales) and hearing (38%). GN Hearing offers hearing aids, competing globally with Sonova, Demant, Starkey, and WS Audiology (previously Sivantos and Widex). GN Audio provides headsets and speakerphones to the enterprise market (contact centers and offices), as well as to the consumer market, and recently acquired SteelSeries in the gaming market. The company has positioned itself as one of the main players in the Unified Communication-enabled headsets market. The firm's premium brands are Resound in hearing and Jabra in headsets.

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