AF Gruppen ASA (FRA:AF8) Interest Expense : €-5 Mil (TTM As of Dec. 2023)

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What is AF Gruppen ASA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AF Gruppen ASA's interest expense for the three months ended in Dec. 2023 was € -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-5 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. AF Gruppen ASA's Operating Income for the three months ended in Dec. 2023 was € 23 Mil. AF Gruppen ASA's Interest Expense for the three months ended in Dec. 2023 was € -2 Mil. AF Gruppen ASA's Interest Coverage for the quarter that ended in Dec. 2023 was 14.44. 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.

AF Gruppen ASA Interest Expense Historical Data

The historical data trend for AF Gruppen 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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AF Gruppen ASA Interest Expense Chart

AF Gruppen ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-5.79

-5.10

-3.65

-4.11

-8.61

AF Gruppen 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															-1.43	-0.18	-0.94	-2.18	-1.57

AF Gruppen 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 €-5 Mil.

AF Gruppen ASA (FRA:AF8) 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.

AF Gruppen ASA's Interest Expense for the three months ended in Dec. 2023 was €-2 Mil. Its Operating Income for the three months ended in Dec. 2023 was €23 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was €66 Mil.

AF Gruppen 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	*	22.6	/	-1.565
	=	14.44

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

AF Gruppen ASA (FRA:AF8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » AF Gruppen ASA (FRA:AF8) » Definitions » Interest Expense

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AGRUF:USA AFGO:Sweden AFG:Norway

Address

Innspurten 15, P.O. box 6272, Oslo, NOR, 0663

Website

https://www.afgruppen.com

AF Gruppen ASA A is one of Norway's leading contracting and industrial groups. It provides civil engineering and services geared toward environmental, building, and energy markets. The company conducts projects related to roads, railways, ports, power, and energy development. For buildings and property development, its services span the entire value chain, and resources are utilized for planning and execution. The majority of revenue comes from traditional building activities, including new projects and rehabilitation ventures. Environmental services revolve around demolition, removal, and environmental clean-up of buildings and industrial plants. AF Gruppen's customers are primarily public agencies and private companies.

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