Navamedic ASA (OSL:NAVA) Interest Expense : kr-10.2 Mil (TTM As of Jun. 2024)

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What is Navamedic ASA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Navamedic ASA's interest expense for the six months ended in Jun. 2024 was kr -8.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was kr-10.2 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. Navamedic ASA's Operating Income for the six months ended in Jun. 2024 was kr 33.8 Mil. Navamedic ASA's Interest Expense for the six months ended in Jun. 2024 was kr -8.9 Mil. Navamedic ASA's Interest Coverage for the quarter that ended in Jun. 2024 was 3.81. 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.

Navamedic ASA Interest Expense Historical Data

The historical data trend for Navamedic 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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Navamedic ASA Interest Expense Chart

Navamedic ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.78

-2.71

-2.50

-0.61

-7.77

Navamedic ASA Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial															-2.72	2.11	-6.48	-1.30	-8.88

Navamedic 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was kr-10.2 Mil.

Navamedic ASA (OSL:NAVA) 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.

Navamedic ASA's Interest Expense for the six months ended in Jun. 2024 was kr-8.9 Mil. Its Operating Income for the six months ended in Jun. 2024 was kr33.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was kr94.1 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	33.813	/	-8.876
	=	3.81

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

Navamedic ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Navamedic ASA (OSL:NAVA) » Definitions » Interest Expense

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0FDB:UK

Address

Henrik Ibsensgate 100, Solli Plass, Oslo, NOR, 0255

Website

https://www.navamedic.com

Navamedic ASA is a pharmaceutical company supplying hospitals and pharmacies with pharmaceutical and medical nutrition products. The company generates its revenue from the Nordic countries.