Storebrand ASA (OSL:STB) Interest Expense : kr-3,277 Mil (TTM As of Mar. 2024)

View and export this data going back to 1993. Start your Free Trial

What is Storebrand ASA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Storebrand ASA's interest expense for the three months ended in Mar. 2024 was kr -960 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-3,277 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. Storebrand ASA's Operating Income for the three months ended in Mar. 2024 was kr 2,045 Mil. Storebrand ASA's Interest Expense for the three months ended in Mar. 2024 was kr -960 Mil. Storebrand ASA's Interest Coverage for the quarter that ended in Mar. 2024 was 2.13. 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.

Storebrand ASA Interest Expense Historical Data

The historical data trend for Storebrand 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.

* Premium members only.

Storebrand ASA Interest Expense Chart

Storebrand ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-1,084.00

-931.00

-777.00

-1,333.00

-2,985.00

Storebrand 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															-669.00	-579.00	-767.00	-971.00	-960.00

Storebrand 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-3,277 Mil.

Storebrand ASA (OSL:STB) 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.

Storebrand ASA's Interest Expense for the three months ended in Mar. 2024 was kr-960 Mil. Its EBIT for the three months ended in Mar. 2024 was kr2,045 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr52,634 Mil.

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

Interest Coverage	=	-1	*	EBIT (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	2045	/	-960
	=	2.13

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

Storebrand ASA (OSL:STB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Storebrand ASA (OSL:STB) » Definitions » Interest Expense

Traded in Other Exchanges

SREDF:USA STBo:Sweden 0NO0:UK SKT:Germany

Address

Professor Kohts vei 9, P.O. Box 474, Lysaker, NOR, N-1327

Website

https://www.storebrand.no

Storebrand ASA is a Nordic long-term savings and insurance company. The business is divided into nonguaranteed savings, insurance, and guaranteed pensions. The savings segment includes products for retirement savings with no interest rate guarantees. The segment consists of defined contribution pensions in Norway and Sweden, asset management, and retail banking products. The insurance segment provides risk products in Norway and Sweden. It provides health, property & casualty, personal risk products, and employee-related & pension-related insurance. The Guaranteed Pension business area encompasses long-term pension savings products that give customers a guaranteed rate of return.