Systemair AB (LTS:0HDK) Interest Expense : kr-98 Mil (TTM As of Jan. 2024)

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What is Systemair AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Systemair AB's interest expense for the three months ended in Jan. 2024 was kr -62 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was kr-98 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. Systemair AB's Operating Income for the three months ended in Jan. 2024 was kr 73 Mil. Systemair AB's Interest Expense for the three months ended in Jan. 2024 was kr -62 Mil. Systemair AB's Interest Coverage for the quarter that ended in Jan. 2024 was 1.17. 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.

Systemair AB Interest Expense Historical Data

The historical data trend for Systemair 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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Systemair AB Interest Expense Chart

Systemair AB Annual Data

Trend

Apr14

Apr15

Apr16

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Apr19

Apr20

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Apr22

Apr23

Interest Expense

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-33.60

-39.20

-27.00

-28.30

-73.90

Systemair AB Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Expense	Get a 7-Day Free Trial															-59.10	-1.90	-18.00	-15.40	-62.30

Systemair 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-98 Mil.

Systemair AB (LTS:0HDK) 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.

Systemair AB's Interest Expense for the three months ended in Jan. 2024 was kr-62 Mil. Its Operating Income for the three months ended in Jan. 2024 was kr73 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was kr715 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Jan. 2024 )	/	Interest Expense (Q: Jan. 2024 )
	=	-1	*	73	/	-62.3
	=	1.17

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

Systemair AB (LTS:0HDK) Business Description

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SYSR:Sweden 52SA:Germany

Address

Industrivagen 3, Skinnskatteberg, SWE, SE-739 30

Website

https://www.systemair.com

Systemair AB is a building material company that develops, manufactures, and markets ventilation products. The company's products under its flagship Systemair brand include air conditioning units, air curtains, air distribution products, and energy efficient fans. The company also markets products under their Frico, VEAB Heat Tech AB, Fantech, and Menerga segments. Frico manufactures air curtain and heating products, while VEAB primarily develops heating products. The Fantech segment markets to the residential sector, in contrast to Systemair's commercial base. Menerga produces high-efficiency air-handling units for specialized buildings such as museums, airports, and swimming pool halls. Systemair generates the majority of its revenue from Western Europe.

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