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Clas Ohlson AB (LTS:0GQE) Interest Expense : kr-71 Mil (TTM As of Jul. 2024)


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What is Clas Ohlson AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Clas Ohlson AB's interest expense for the three months ended in Jul. 2024 was kr -18 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jul. 2024 was kr-71 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. Clas Ohlson AB's Operating Income for the three months ended in Jul. 2024 was kr 203 Mil. Clas Ohlson AB's Interest Expense for the three months ended in Jul. 2024 was kr -18 Mil. Clas Ohlson AB's Interest Coverage for the quarter that ended in Jul. 2024 was 11.39. 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.

Clas Ohlson AB Interest Expense Historical Data

The historical data trend for Clas Ohlson 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.

* Premium members only.

Clas Ohlson AB Interest Expense Chart

Clas Ohlson AB Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -67.70 -63.60 -65.10 -66.00 -70.00

Clas Ohlson AB Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -16.60 -19.60 -17.40 -16.50 -17.80

Clas Ohlson 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 Jul. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-71 Mil.

* 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.

Clas Ohlson AB  (LTS:0GQE) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Clas Ohlson AB's Interest Expense for the three months ended in Jul. 2024 was kr-18 Mil. Its Operating Income for the three months ended in Jul. 2024 was kr203 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jul. 2024 was kr1,240 Mil.

Clas Ohlson AB's Interest Coverage for the quarter that ended in Jul. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Jul. 2024 )/Interest Expense (Q: Jul. 2024 )
=-1*202.8/-17.8
=11.39

* 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.

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

Clas Ohlson AB Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Clas Ohlson AB (LTS:0GQE) » Definitions » Interest Expense
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Traded in Other Exchanges
CLAS B:Sweden CLASBs:UK OHCB:Germany
Address
Municipality of Leksand, Insjon, SWE, 793 85
Website
https://www.clasohlson.se
Clas Ohlson AB is a Swedish specialty retailer of home and office solutions. The company has five product categories: hardware, electrical, home, multimedia, and leisure items. The hardware category includes home repair tools, with Capere, Cocraft, and Clas Ohlson as proprietary brands. The electrical category consists of energy and electrical solutions, mainly under its own brands: Cotech and Northlight. Multimedia offers technology to connect devices. The home category offers practical items for the kitchen, wardrobe, bathroom, and laundry. Clas Ohlson's main markets by revenue are Sweden, Norway, Finland, and a few other countries outside the Nordics.

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