Elkem ASA (OSL:ELK) Interest Expense : kr-770 Mil (TTM As of Sep. 2024)

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What is Elkem ASA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Elkem ASA's interest expense for the three months ended in Sep. 2024 was kr -222 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was kr-770 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. Elkem ASA's Operating Income for the three months ended in Sep. 2024 was kr 536 Mil. Elkem ASA's Interest Expense for the three months ended in Sep. 2024 was kr -222 Mil. Elkem ASA's Interest Coverage for the quarter that ended in Sep. 2024 was 2.41. 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.

Elkem ASA Interest Expense Historical Data

The historical data trend for Elkem ASA'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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Elkem ASA Interest Expense Chart

Elkem ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-303.00

-273.00

-266.00

-308.00

-741.00

Elkem ASA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-307.00	-53.00	-278.00	-217.00	-222.00

Elkem ASA 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-770 Mil.

Elkem ASA (OSL:ELK) 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.

Elkem ASA's Interest Expense for the three months ended in Sep. 2024 was kr-222 Mil. Its Operating Income for the three months ended in Sep. 2024 was kr536 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was kr15,106 Mil.

Elkem ASA's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	536	/	-222
	=	2.41

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

Elkem ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Elkem ASA (OSL:ELK) » Definitions » Interest Expense

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Traded in Other Exchanges

ELKEF:USA ELKo:Sweden ELKo:UK 0SFN:UK 1DP:Germany

Address

Drammensveien 169, Oslo, NOR, 0277

Website

https://www.elkem.com

Elkem ASA offers advanced material solutions shaping a better and more sustainable future. The company develops silicones, silicon products, and carbon solutions by combining natural raw materials, renewable energy, and human ingenuity. Elkem helps its customers create and improve essential innovations like electric mobility, digital communications, health, and personal care as well as smarter and more sustainable cities. Elkem has three reportable segments namely Silicones, Silicon Products, and Carbon Solutions. It generates most of the revenue from the Silicones segment.

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