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OEM International AB (LTS:0QTY) Interest Expense : kr-8 Mil (TTM As of Mar. 2024)


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What is OEM International AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. OEM International AB's interest expense for the three months ended in Mar. 2024 was kr 0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-8 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. OEM International AB's Operating Income for the three months ended in Mar. 2024 was kr 195 Mil. OEM International AB's Interest Expense for the three months ended in Mar. 2024 was kr 0 Mil. GuruFocus does not calculate OEM International AB's interest coverage with the available data. 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.

OEM International AB Interest Expense Historical Data

The historical data trend for OEM International 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.

OEM International AB Interest Expense Chart

OEM International AB Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.80 -3.30 -3.00 -8.50 -14.60

OEM International 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 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 -3.00 -1.00 -4.00 -2.60 -

OEM International 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 kr-8 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.

OEM International AB  (LTS:0QTY) 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.

OEM International AB's Interest Expense for the three months ended in Mar. 2024 was kr0 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr195 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr48 Mil.

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

GuruFocus does not calculate OEM International AB's interest coverage with the available data.

* 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.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. OEM International AB has enough cash to cover all of its debt. Its financial situation is stable.

OEM International AB (LTS:0QTY) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » OEM International AB (LTS:0QTY) » Definitions » Interest Expense
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Traded in Other Exchanges
OEM B:Sweden
Address
Forradsvagen 2, Box 1009, Tranas, SWE, SE-573 28
Website
http://www.oem.se
OEM International AB is a leading technology trading group in Europe. It acts as a link between its customers and manufacturers of products and systems for industrial applications. It offers various industrial components and systems from various suppliers, including electrical components, flow components, motors and transmissions, bearings, seals, and couplings, as well as appliance components, lighting, and complete production systems. Geographic areas of operations include Sweden, Denmark, United Kingdom, Finland, Hungary, China and other countries.

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