Kitron ASA (OSL:KIT) Interest Expense : kr-108 Mil (TTM As of Dec. 2023)

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What is Kitron ASA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kitron ASA's interest expense for the three months ended in Dec. 2023 was kr -52 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was kr-108 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. Kitron ASA's Operating Income for the three months ended in Dec. 2023 was kr 209 Mil. Kitron ASA's Interest Expense for the three months ended in Dec. 2023 was kr -52 Mil. Kitron ASA's Interest Coverage for the quarter that ended in Dec. 2023 was 4.04. 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.

Kitron ASA Interest Expense Historical Data

The historical data trend for Kitron 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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Kitron ASA Interest Expense Chart

Kitron ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-25.11

-28.90

-25.98

-72.22

-153.01

Kitron ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-17.79	-11.28	-	-44.64	-51.77

Kitron 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-108 Mil.

Kitron ASA (OSL:KIT) 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.

Kitron ASA's Interest Expense for the three months ended in Dec. 2023 was kr-52 Mil. Its Operating Income for the three months ended in Dec. 2023 was kr209 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was kr1,302 Mil.

Kitron ASA's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	209.377	/	-51.769
	=	4.04

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

Kitron ASA (OSL:KIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Kitron ASA (OSL:KIT) » Definitions » Interest Expense

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KITO:Sweden KP5:Germany

Address

Olav Brunborgs vei 4, Billingstad, NOR, 1396

Website

https://www.kitron.com

Kitron ASA is an electronics manufacturing service company. It manufactures products that are embedded in the customers' own products and box-built electronic products. The company provides a high-level assembly of complex electromechanical products and also provides various other services within development, industrialization, supply chain management, logistics, and aftermarket services. The company has manufacturing facilities in Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech Republic, India, China, and the United States. It serves Defense/Aerospace, Energy/Telecoms, Industry, Medical Devices, and Offshore/Marine markets. The company operates in a single segment Electronics Manufacturing Services from which it earns the majority of its revenues.

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