BankNordik P/F (OCSE:BNORDIK CSE) Interest Expense : kr-126.3 Mil (TTM As of Mar. 2024)

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What is BankNordik P/F Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. BankNordik P/F's interest expense for the three months ended in Mar. 2024 was kr -42.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-126.3 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. BankNordik P/F's Operating Income for the three months ended in Mar. 2024 was kr Mil. BankNordik P/F's Interest Expense for the three months ended in Mar. 2024 was kr Mil. 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.

BankNordik P/F Interest Expense Historical Data

The historical data trend for BankNordik P/F'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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BankNordik P/F Interest Expense Chart

BankNordik P/F Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-21.83

-19.69

-19.40

-34.48

-101.36

BankNordik P/F Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-17.76	-22.04	-27.34	-34.22	-42.68

BankNordik P/F 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-126.3 Mil.

BankNordik P/F (OCSE:BNORDIK CSE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » BankNordik P/F (OCSE:BNORDIK CSE) » Definitions » Interest Expense

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Traded in Other Exchanges

BNW:Germany

Address

Oknarvegur 5, P.O. Box 3048, Torshavn, FRO, FO-110

Website

https://www.banknordik.fo

BankNordik P/F is a banking company. The bank provides a range of banking products and financial services to private and corporate customers. Its business units includes Banking and Non-life insurance. The Banking unit comprises Personal Banking and Corporate Banking. Personal Banking comprises private customers in the Faroe Islands and Greenland. Corporate Banking comprises corporate customers mainly in the Faroe Islands and in Greenland. The corporate also comprises a few remaining corporate customers from Denmark. Non-life insurance comprises the insurance company P/F TRYGD based The Faroe Islands. TRYGD is responsible for the-life insurance products. The company operates in the Faroe Islands, Denmark and Greenland of which key revenue is derived from the Faroe Islands.

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