Mandatum (OHEL:MANTA) Interest Expense : €-1.7 Mil (TTM As of Mar. 2024)

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What is Mandatum Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mandatum's interest expense for the three months ended in Mar. 2024 was € -1.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-1.7 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. Mandatum's Operating Income for the three months ended in Mar. 2024 was € 48.6 Mil. Mandatum's Interest Expense for the three months ended in Mar. 2024 was € -1.7 Mil. Mandatum's Interest Coverage for the quarter that ended in Mar. 2024 was 28.59. 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.

Mandatum Interest Expense Historical Data

The historical data trend for Mandatum'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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Mandatum Interest Expense Chart

Mandatum Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-9.60

-11.60

Mandatum Quarterly Data
	Dec22	Mar23	Dec23	Mar24
Interest Expense	-	-3.20	-	-1.70

Mandatum 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 €-1.7 Mil.

Mandatum (OHEL:MANTA) 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.

Mandatum's Interest Expense for the three months ended in Mar. 2024 was €-1.7 Mil. Its EBIT for the three months ended in Mar. 2024 was €48.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €249.9 Mil.

Mandatum's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	EBIT (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	48.6	/	-1.7
	=	28.59

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

Mandatum (OHEL:MANTA) Business Description

Industry

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Traded in Other Exchanges

MANDF:USA 0MAN:UK N2S:Germany

Address

Bulevardi 56, Helsinki, FIN, 00120

Website

Mandatum PLC is a financial services provider offering a wide array of services covering asset and wealth management, savings and investment, compensation and rewards, complimentary pension plans and personal risk insurance to corporates, retail customers as well as institutional and wealth management customers. Mandatum serves a network of 20,000 Finnish corporates through its highly skilled sales force and customer relationship personnel, which gives opportunity to cross sell products from its broad offering.

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