Holmen AB (Holmen AB) Interest Expense : $-9 Mil (TTM As of Mar. 2024)

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What is Holmen AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Holmen AB's interest expense for the three months ended in Mar. 2024 was $ -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-9 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. Holmen AB's Operating Income for the three months ended in Mar. 2024 was $ 90 Mil. Holmen AB's Interest Expense for the three months ended in Mar. 2024 was $ -2 Mil. Holmen AB's Interest Coverage for the quarter that ended in Mar. 2024 was 40.96. 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.

Holmen AB Interest Expense Historical Data

The historical data trend for Holmen 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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Holmen AB Interest Expense Chart

Holmen AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-5.09

-6.22

-5.06

-7.90

-9.75

Holmen AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-2.48	-1.76	-2.35	-2.73	-2.21

Holmen 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-9 Mil.

Holmen AB (OTCPK:HLMMF) 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.

Holmen AB's Interest Expense for the three months ended in Mar. 2024 was $-2 Mil. Its Operating Income for the three months ended in Mar. 2024 was $90 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $15 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	90.479	/	-2.209
	=	40.96

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

Holmen AB (Holmen AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Holmen AB (OTCPK:HLMMF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

HLMNY:USA HOLM B:Sweden HOLM A:Sweden 0XS9:UK HL9C:Germany

Address

Strandvagen 1, P.O. Box 5407, Stockholm, SWE, SE-114 84

Website

https://www.holmen.com

Holmen AB produces and sells timber, wood products, a variety of paper products, and electricity generated through renewable energy sources. The company organizes itself into five segments based on product type: Forest, Paperboard, Paper, Wood Products, and Renewable Energy. The company's product portfolio includes logs, biofuel, paperboard for consumer packaging, paper for books, construction timber, and renewable energy from hydro and wind power. The company's customer segment is composed of printing firms, sawmills, pulp mills, paper mills, construction industry, and packaging industry, among others. The vast majority of revenue comes from the company's paper and paperboard segments combined, and it earns majoroty of its revenue in Europe.

Holmen AB (Holmen AB) Headlines

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