StrongPoint ASA (OSL:STRO) Interest Expense : kr-12 Mil (TTM As of Mar. 2024)

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What is StrongPoint ASA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. StrongPoint ASA's interest expense for the three months ended in Mar. 2024 was kr -3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-12 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. StrongPoint ASA's Operating Income for the three months ended in Mar. 2024 was kr -17 Mil. StrongPoint ASA's Interest Expense for the three months ended in Mar. 2024 was kr -3 Mil. StrongPoint ASA did not have earnings to cover the interest expense. 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.

StrongPoint ASA Interest Expense Historical Data

The historical data trend for StrongPoint 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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StrongPoint ASA Interest Expense Chart

StrongPoint ASA Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-1.44

-3.10

-1.90

-4.20

-11.22

StrongPoint 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															-2.13	-2.32	-2.96	-3.82	-3.33

StrongPoint 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-12 Mil.

StrongPoint ASA (OSL:STRO) 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.

StrongPoint ASA's Interest Expense for the three months ended in Mar. 2024 was kr-3 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr-17 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr80 Mil.

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

StrongPoint ASA did not have earnings to cover the interest expense.

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

StrongPoint ASA (OSL:STRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » StrongPoint ASA (OSL:STRO) » Definitions » Interest Expense

Traded in Other Exchanges

PSIo:Sweden PGT:Germany

Address

Slynga 10, Raelingen, NOR, 2005

Website

https://www.strongpoint.com

StrongPoint ASA is a retail technology company that provides solutions to make shops smarter, shopping experiences better and online grocery shopping more efficient. With over 500 employees in Norway, Sweden, the Baltics and Spain and together with a wide partner network, StrongPoint supports businesses in more than 20 countries. It provides in-store cash management and payment solutions, electronic shelf labels, self-checkouts, task and labor management software, click & collect temperature-controlled grocery lockers, in-store and drive-thru grocery pickup solutions and grocery order picking solutions.