Kongsberg Gruppen ASA (OSL:KOG) Interest Expense : kr-413 Mil (TTM As of Mar. 2024)

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What is Kongsberg Gruppen ASA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kongsberg Gruppen ASA's interest expense for the three months ended in Mar. 2024 was kr -67 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-413 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. Kongsberg Gruppen ASA's Operating Income for the three months ended in Mar. 2024 was kr 1,462 Mil. Kongsberg Gruppen ASA's Interest Expense for the three months ended in Mar. 2024 was kr -67 Mil. Kongsberg Gruppen ASA's Interest Coverage for the quarter that ended in Mar. 2024 was 21.82. 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.

Kongsberg Gruppen ASA Interest Expense Historical Data

The historical data trend for Kongsberg Gruppen 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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Kongsberg Gruppen ASA Interest Expense Chart

Kongsberg Gruppen ASA Annual Data

Trend

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Dec23

Interest Expense

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-254.00

-241.00

-220.00

-301.00

-339.00

Kongsberg Gruppen ASA 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															-43.00	-74.00	-36.00	-236.00	-67.00

Kongsberg Gruppen 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-413 Mil.

Kongsberg Gruppen ASA (OSL:KOG) 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.

Kongsberg Gruppen ASA's Interest Expense for the three months ended in Mar. 2024 was kr-67 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr1,462 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr4,178 Mil.

Kongsberg Gruppen ASA'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	*	1462	/	-67
	=	21.82

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

Kongsberg Gruppen ASA (OSL:KOG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Kongsberg Gruppen ASA (OSL:KOG) » Definitions » Interest Expense

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Traded in Other Exchanges

KBGGY:USA NSKFF:USA KOGO:Sweden KOGo:UK 0F08:UK KOZ:Germany

Address

Kirkegardsveien 45, Kongsberg, NOR, N-3616

Website

https://www.kongsberg.com

Kongsberg Gruppen ASA is an international technology company that supplies products and services to defense, maritime, oil, gas, and aerospace industries. The company is divided into two business segments: the maritime segment and defense and aerospace systems. Maritime, which earns most of the company revenue, creates navigation, automation, monitoring, and positioning products for commercial ships and offshore industries. The defense and aerospace segment provides defense and space-related products and systems. Outside of the two main segments, the firm operates Kongsberg Digital, which produces digital solutions for oil, gas, wind, and merchant marine markets. Products are delivered globally, with North America accounting for about a third of total revenue.

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