Swedencare AB (FRA:7XY) Interest Expense : €-8.0 Mil (TTM As of Sep. 2024)

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What is Swedencare AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Swedencare AB's interest expense for the three months ended in Sep. 2024 was € -1.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was €-8.0 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. Swedencare AB's Operating Income for the three months ended in Sep. 2024 was € 4.8 Mil. Swedencare AB's Interest Expense for the three months ended in Sep. 2024 was € -1.8 Mil. Swedencare AB's Interest Coverage for the quarter that ended in Sep. 2024 was 2.60. 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.

Swedencare AB Interest Expense Historical Data

The historical data trend for Swedencare 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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Swedencare AB Interest Expense Chart

Swedencare AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.02

-0.17

-0.88

-3.69

-8.35

Swedencare AB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-2.17	-2.21	-1.99	-1.94	-1.84

Swedencare 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 €-8.0 Mil.

Swedencare AB (FRA:7XY) 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.

Swedencare AB's Interest Expense for the three months ended in Sep. 2024 was €-1.8 Mil. Its Operating Income for the three months ended in Sep. 2024 was €4.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was €131.9 Mil.

Swedencare 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	*	4.792	/	-1.841
	=	2.60

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

Swedencare AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Swedencare AB (FRA:7XY) » Definitions » Interest Expense

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SWDCF:USA SECARE:Sweden 0ABG:UK

Address

Per Albin Hanssons Vag 41, Medeon Science Park, Malmo, SWE, 214 32

Website

https://www.swedencare.se

Swedencare AB specializes in pet healthcare and produces partly in its factories, markets, and sells premium products on the global market. The company has a wide range of brands and products within most therapy areas, which includes Animal Pharmaceuticals, nutravet, NutriScience, PetMD, Stratford, VetWELL as well as ProDen PlaqueOff for oral health to dogs and cats. The company's products are sold in approximately fifty markets.

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