NDCVF (Nordic Semiconductor ASA) Interest Expense : $-4.8 Mil (TTM As of Sep. 2024)

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What is Nordic Semiconductor ASA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nordic Semiconductor ASA's interest expense for the three months ended in Sep. 2024 was $ -1.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-4.8 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. Nordic Semiconductor ASA's Operating Income for the three months ended in Sep. 2024 was $ 6.6 Mil. Nordic Semiconductor ASA's Interest Expense for the three months ended in Sep. 2024 was $ -1.1 Mil. Nordic Semiconductor ASA's Interest Coverage for the quarter that ended in Sep. 2024 was 5.79. 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.

Nordic Semiconductor ASA Interest Expense Historical Data

The historical data trend for Nordic Semiconductor ASA'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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Nordic Semiconductor ASA Interest Expense Chart

Nordic Semiconductor ASA Annual Data

Trend

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Interest Expense

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-1.10

-0.77

-0.82

-0.62

-2.31

Nordic Semiconductor ASA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-	-3.63	-	-	-1.14

Nordic Semiconductor ASA 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4.8 Mil.

Nordic Semiconductor ASA (OTCPK:NDCVF) 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.

Nordic Semiconductor ASA's Interest Expense for the three months ended in Sep. 2024 was $-1.1 Mil. Its Operating Income for the three months ended in Sep. 2024 was $6.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $142.1 Mil.

Nordic Semiconductor ASA's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	6.616	/	-1.143
	=	5.79

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

Nordic Semiconductor ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Nordic Semiconductor ASA (OTCPK:NDCVF) » Definitions » Interest Expense

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NRSDY:USA NODO:Sweden NOD:Norway NODo:UK 0FF9:UK N0S0:Germany

Address

Otto Nielsens veg 12, Trondheim, NOR, 7052

Website

https://www.nordicsemi.com

Nordic Semiconductor has a leading market share in the design of Bluetooth Low Energy chips for the wireless industry, making 90% of its revenue from this technology. Nordic's chips are used in all types of battery-powered devices such as wearables, smarthome applications, asset trackers, and industrial and healthcare markets. In recent years Nordic has also expanded into adjacent technologies such as Wi-Fi, thread protocol, and long-range connectivity. In 2022 Nordic generated almost $800 million in revenue.