Gaming Innovation Group (OSL:GIG) Interest Expense : kr-97.4 Mil (TTM As of Mar. 2024)

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What is Gaming Innovation Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Gaming Innovation Group's interest expense for the three months ended in Mar. 2024 was kr -5.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-97.4 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. Gaming Innovation Group's Operating Income for the three months ended in Mar. 2024 was kr 118.8 Mil. Gaming Innovation Group's Interest Expense for the three months ended in Mar. 2024 was kr -5.1 Mil. Gaming Innovation Group's Interest Coverage for the quarter that ended in Mar. 2024 was 23.09. 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.

Gaming Innovation Group Interest Expense Historical Data

The historical data trend for Gaming Innovation Group'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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Gaming Innovation Group Interest Expense Chart

Gaming Innovation Group Annual Data

Trend

Dec14

Dec15

Dec16

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Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-82.54

-73.54

-63.65

-26.06

-115.42

Gaming Innovation Group 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															-17.50	-23.08	-51.88	-17.27	-5.15

Gaming Innovation Group 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-97.4 Mil.

Gaming Innovation Group (OSL:GIG) 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.

Gaming Innovation Group's Interest Expense for the three months ended in Mar. 2024 was kr-5.1 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr118.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr888.9 Mil.

Gaming Innovation Group'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	*	118.809	/	-5.145
	=	23.09

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

Gaming Innovation Group (OSL:GIG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Gaming Innovation Group Inc (OSL:GIG) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

GIGo:Sweden GI11:Germany

Address

Golden Mile Business Centre, Triq Id-Dragunara, St Julian’s, MLT, 3148

Website

https://www.gig.com

Gaming Innovation Group Inc is an iGaming technology company, providing solutions, products and services to iGaming Operators. It operates iGamingCloud.com, a cloud-based platform as a software-as-a-service. It also offers business-to-consumer casino and sports betting services through its online gaming Websites and online performance marketing services. The company's vision is to be the industry leading platform and media provider delivering world class solutions to iGaming partners and their customers'. Its mission is to drive sustainable growth and profitability of partners through product innovation, scalable technology and quality of service.