Asetek AS (OCSE:ASTK) Interest Expense : kr-2.9 Mil (TTM As of Dec. 2024)

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What is Asetek AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Asetek AS's interest expense for the six months ended in Dec. 2024 was kr -2.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was kr-2.9 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. Asetek AS's Operating Income for the six months ended in Dec. 2024 was kr -20.6 Mil. Asetek AS's Interest Expense for the six months ended in Dec. 2024 was kr -2.9 Mil. Asetek AS did not have earnings to cover the interest expense. 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.

Asetek AS Interest Expense Historical Data

The historical data trend for Asetek AS'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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Asetek AS Interest Expense Chart

Asetek AS Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-0.70

-0.74

-0.69

0.08

-1.47

Asetek AS Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Interest Expense	Get a 7-Day Free Trial															-0.36	-	-	-0.03	-2.91

Asetek AS 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 semi-annually data reported by the company within the most recent 12 months, which was kr-2.9 Mil.

Asetek AS (OCSE:ASTK) 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.

Asetek AS's Interest Expense for the six months ended in Dec. 2024 was kr-2.9 Mil. Its Operating Income for the six months ended in Dec. 2024 was kr-20.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2024 was kr136.8 Mil.

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

Asetek AS did not have earnings to cover the interest expense.

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

Asetek AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Asetek AS (OCSE:ASTK) » Definitions » Interest Expense

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Traded in Other Exchanges

A31:Germany

Address

Assensvej 2, Aalborg East, Aalborg, DNK, DK-9220

Website

https://www.asetek.com

Asetek AS designs develop and market liquid cooling products. It operates in three segments: Liquid Cooling, Data center, and SimSports. The company generates maximum revenue from the Liquid Cooling segment. The Company operates internationally in several geographical areas, principally in Asia, Europe and the Americas. It derives majority of its revenue from Asia region followed by Americas.

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