NKRKF (Nokian Tyres) Interest Expense : $-36 Mil (TTM As of Dec. 2024)

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What is Nokian Tyres Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nokian Tyres's interest expense for the three months ended in Dec. 2024 was $ -12 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was $-36 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. Nokian Tyres's Operating Income for the three months ended in Dec. 2024 was $ 16 Mil. Nokian Tyres's Interest Expense for the three months ended in Dec. 2024 was $ -12 Mil. Nokian Tyres's Interest Coverage for the quarter that ended in Dec. 2024 was 1.41. 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.

Nokian Tyres Interest Expense Historical Data

The historical data trend for Nokian Tyres'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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Nokian Tyres Interest Expense Chart

Nokian Tyres Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-10.22

-8.59

-7.63

-27.37

-39.27

Nokian Tyres Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-6.54	-5.87	-7.64	-10.88	-11.52

Nokian Tyres 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-36 Mil.

Nokian Tyres (OTCPK:NKRKF) 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.

Nokian Tyres's Interest Expense for the three months ended in Dec. 2024 was $-12 Mil. Its Operating Income for the three months ended in Dec. 2024 was $16 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was $777 Mil.

Nokian Tyres's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	16.23	/	-11.518
	=	1.41

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

Nokian Tyres Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nokian Tyres PLC (OTCPK:NKRKF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

NKRKY:USA TYRESh:UK 0FFY:UK TYRES:Finland NRE:Germany NRE1:Austria

Address

Pirkkalaistie 7, P.O. Box 20, Nokia, FIN, 37101

Website

https://www.nokiantyres.com

Nokian Tyres PLC develops and manufactures rubber tires under the Nokian Tyres brand name for passenger cars, vans, trucks and heavy machinery. The company sells tires to wholesale distributors and through company-owned retail stores, which are operated under the Vianor brand name. The firm organizes itself into three segments based on product and distribution type: Passenger Car Tyres, Heavy Tyres and Vianor. The Passenger car tyres segment generates the majority of revenue.