NIABY (NIBE Industrier AB) Interest Expense : $-130 Mil (TTM As of Sep. 2024)

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What is NIBE Industrier AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NIBE Industrier AB's interest expense for the three months ended in Sep. 2024 was $ -28 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-130 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. NIBE Industrier AB's Operating Income for the three months ended in Sep. 2024 was $ 89 Mil. NIBE Industrier AB's Interest Expense for the three months ended in Sep. 2024 was $ -28 Mil. NIBE Industrier AB's Interest Coverage for the quarter that ended in Sep. 2024 was 3.19. 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.

NIBE Industrier AB Interest Expense Historical Data

The historical data trend for NIBE Industrier 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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NIBE Industrier AB Interest Expense Chart

NIBE Industrier AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-21.73

-24.99

-21.56

-25.05

-85.99

NIBE Industrier AB 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															-16.33	-44.26	-31.89	-26.03	-27.96

NIBE Industrier 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-130 Mil.

NIBE Industrier AB (OTCPK:NIABY) 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.

NIBE Industrier AB's Interest Expense for the three months ended in Sep. 2024 was $-28 Mil. Its Operating Income for the three months ended in Sep. 2024 was $89 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $1,742 Mil.

NIBE Industrier AB'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	*	89.158	/	-27.96
	=	3.19

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

NIBE Industrier AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » NIBE Industrier AB (OTCPK:NIABY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

NDRBF:USA NIBE B:Sweden NIBEBs:UK 0RH0:UK NJB:Germany NIBEB:Switzerland

Address

Hannabadsvagen 5, Box 14, Markaryd, SWE, SE- 285 21

Website

https://www.nibe.com

NIBE Industrier AB manufactures and sells energy-efficient products for industrial and consumer use. The firm is organized into three segments by product type. The climate solutions segment, which generates the majority of revenue, sells HVAC systems and hot water heaters to homes, apartment buildings, and other large properties. The elements segment sells components and elements to multiple industries, including appliance manufacturers, home remodelers, energy, and automotive. The stoves segment sells energy-efficient stoves and chimney systems to residential and commercial customers. The vast majority of revenue comes from Europe.