Elekta AB (Elekta AB) Interest Expense : $-36 Mil (TTM As of Jan. 2024)

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What is Elekta AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Elekta AB's interest expense for the three months ended in Jan. 2024 was $ -9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was $-36 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. Elekta AB's Operating Income for the three months ended in Jan. 2024 was $ 55 Mil. Elekta AB's Interest Expense for the three months ended in Jan. 2024 was $ -9 Mil. Elekta AB's Interest Coverage for the quarter that ended in Jan. 2024 was 6.11. 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.

Elekta AB Interest Expense Historical Data

The historical data trend for Elekta 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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Elekta AB Interest Expense Chart

Elekta AB Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Interest Expense

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-16.72

-21.37

-27.41

-15.48

-21.84

Elekta AB Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Expense	Get a 7-Day Free Trial															-5.58	-9.08	-10.19	-7.53	-8.98

Elekta 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-36 Mil.

Elekta AB (OTCPK:EKTAF) 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.

Elekta AB's Interest Expense for the three months ended in Jan. 2024 was $-9 Mil. Its Operating Income for the three months ended in Jan. 2024 was $55 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was $657 Mil.

Elekta AB's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jan. 2024 )	/	Interest Expense (Q: Jan. 2024 )
	=	-1	*	54.83	/	-8.977
	=	6.11

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

Elekta AB (Elekta AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Elekta AB (OTCPK:EKTAF) » Definitions » Interest Expense

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Traded in Other Exchanges

EKTAY:USA EKTA B:Sweden EKTAB:Mexico EKTABs:UK 0O5H:UK EJXB:Germany

Address

Kungstensgatan 18, Box 7593, Stockholm, SWE, SE-103 93

Website

https://www.elekta.com

Sweden-based Elekta develops, manufactures, and distributes treatment planning systems for neurosurgery and radiotherapy, including stereotactic radiosurgery and brachytherapy. The company's installed base of more than 5,000 linear accelerators, GammaKnife and Unity platforms, and software is used in more than 6,000 hospitals globally. The company's sales are evenly distributed across geographies, with North and South America accounting for 31%; Europe, the Middle East, and Africa accounting for 35%; and Asia-Pacific contributing the remainder.