Nova Klubburinn hf (OISE:NOVA) Interest Expense : kr-1,156 Mil (TTM As of Mar. 2024)

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What is Nova Klubburinn hf Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nova Klubburinn hf's interest expense for the three months ended in Mar. 2024 was kr -190 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-1,156 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. Nova Klubburinn hf's Operating Income for the three months ended in Mar. 2024 was kr 362 Mil. Nova Klubburinn hf's Interest Expense for the three months ended in Mar. 2024 was kr -190 Mil. Nova Klubburinn hf's Interest Coverage for the quarter that ended in Mar. 2024 was 1.91. 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.

Nova Klubburinn hf Interest Expense Historical Data

The historical data trend for Nova Klubburinn hf'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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Nova Klubburinn hf Interest Expense Chart

Nova Klubburinn hf Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-711.00

-492.00

-475.82

-999.55

-1,020.37

Nova Klubburinn hf Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial										-189.28	-293.83	-239.58	-433.11	-189.81

Nova Klubburinn hf 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-1,156 Mil.

Nova Klubburinn hf (OISE:NOVA) 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.

Nova Klubburinn hf's Interest Expense for the three months ended in Mar. 2024 was kr-190 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr362 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr8,311 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	361.638	/	-189.809
	=	1.91

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

Nova Klubburinn hf (OISE:NOVA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Nova Klubburinn hf (OISE:NOVA) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lágmúli 9, Reykjavík, ISL, 108

Website

https://www.nova.is

Nova Klubburinn hf a full-service telecommunications company operating in Iceland. Nova's customers are individuals and small and medium sized corporations. It operates through three key business areas: mobile network, Fixed network and Goods sold and Others.