Klovern AB (LTS:0R49.PFD) Interest Expense : kr-734 Mil (TTM As of Jun. 2021)

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What is Klovern AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Klovern AB's interest expense for the three months ended in Jun. 2021 was kr -190 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2021 was kr-734 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. Klovern AB's Operating Income for the three months ended in Jun. 2021 was kr 452 Mil. Klovern AB's Interest Expense for the three months ended in Jun. 2021 was kr -190 Mil. Klovern AB's Interest Coverage for the quarter that ended in Jun. 2021 was 2.38. 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.

Klovern AB Interest Expense Historical Data

The historical data trend for Klovern 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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Klovern AB Interest Expense Chart

Klovern AB Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Interest Expense

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-551.00

-592.00

-653.00

-731.00

-667.00

Klovern AB Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Interest Expense	Get a 7-Day Free Trial															-196.00	-196.00	-163.00	-185.00	-190.00

Klovern 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 Jun. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-734 Mil.

Klovern AB (LTS:0R49.PFD) 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.

Klovern AB's Interest Expense for the three months ended in Jun. 2021 was kr-190 Mil. Its Operating Income for the three months ended in Jun. 2021 was kr452 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2021 was kr36,719 Mil.

Klovern AB's Interest Coverage for the quarter that ended in Jun. 2021 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2021 )	/	Interest Expense (Q: Jun. 2021 )
	=	-1	*	452	/	-190
	=	2.38

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

Warning Sign:

Ben Graham prefers companies interest coverage is at least 5. Klovern AB interest coverage is 2.58, which is low.

Klovern AB (LTS:0R49.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Klovern AB (LTS:0R49.PFD) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Bredgrand 4, Stockholm, SWE, 111 30

Website

http://www.klovern.se

Klovern is a Swedish real estate company. By type of premises, the company's portfolio consists of offices, industrial/warehouse, education/healthcare, and retail. Klovern is active in both existing properties and development projects. The company operates mainly in Stockholm, Gothenburg, and Malmo, but also operates in other cities in Sweden.

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