Fortinova Fastigheter AB (FRA:733) Interest Expense : €-11.86 Mil (TTM As of Sep. 2024)

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What is Fortinova Fastigheter AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Fortinova Fastigheter AB's interest expense for the three months ended in Sep. 2024 was € -2.18 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was €-11.86 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. Fortinova Fastigheter AB's Operating Income for the three months ended in Sep. 2024 was € 4.98 Mil. Fortinova Fastigheter AB's Interest Expense for the three months ended in Sep. 2024 was € -2.18 Mil. Fortinova Fastigheter AB's Interest Coverage for the quarter that ended in Sep. 2024 was 2.29. 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.

Fortinova Fastigheter AB Interest Expense Historical Data

The historical data trend for Fortinova Fastigheter 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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Fortinova Fastigheter AB Interest Expense Chart

Fortinova Fastigheter AB Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Interest Expense

-1.78

-1.92

-2.03

Fortinova Fastigheter AB Quarterly Data
	Aug19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Sep22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial														-2.02	-4.96	-2.45	-2.28	-2.18

Fortinova Fastigheter 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-11.86 Mil.

Fortinova Fastigheter AB (FRA:733) 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.

Fortinova Fastigheter AB's Interest Expense for the three months ended in Sep. 2024 was €-2.18 Mil. Its Operating Income for the three months ended in Sep. 2024 was €4.98 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was €151.19 Mil.

Fortinova Fastigheter AB's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	4.977	/	-2.176
	=	2.29

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. Fortinova Fastigheter AB interest coverage is 1.44, which is low.

Fortinova Fastigheter AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Fortinova Fastigheter AB (FRA:733) » Definitions » Interest Expense

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FNOVA B:Sweden

Address

Norrgatan 10, Varberg, SWE, 432 41

Website

https://www.fortinova.se

Fortinova Fastigheter AB operates as a real estate company. It acquires, develops and manages residential properties in some of western Sweden's.

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