Techstep ASA (OSL:TECH) Interest Expense : kr-21 Mil (TTM As of Dec. 2024)

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What is Techstep ASA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Techstep ASA's interest expense for the three months ended in Dec. 2024 was kr -7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was kr-21 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. Techstep ASA's Operating Income for the three months ended in Dec. 2024 was kr 2 Mil. Techstep ASA's Interest Expense for the three months ended in Dec. 2024 was kr -7 Mil. Techstep ASA's Interest Coverage for the quarter that ended in Dec. 2024 was 0.29. 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.

Techstep ASA Interest Expense Historical Data

The historical data trend for Techstep 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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Techstep ASA Interest Expense Chart

Techstep ASA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-7.23

-9.27

-14.03

-33.51

-21.37

Techstep ASA Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-8.59	-3.04	-4.80	-6.92	-6.62

Techstep 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-21 Mil.

Techstep ASA (OSL:TECH) 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.

Techstep ASA's Interest Expense for the three months ended in Dec. 2024 was kr-7 Mil. Its Operating Income for the three months ended in Dec. 2024 was kr2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was kr120 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	1.933	/	-6.62
	=	0.29

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

Techstep ASA Business Description

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0K2D:UK

Address

Brynsalleen 4, Oslo, NOR, 0667

Website

https://www.techstep.io

Techstep ASA provides mobility and communications services in Norway and Sweden. It operates through two segments, which are represented by the geographic locations: Norway and Sweden. The offerings of the company are mobile hardware, service, support and mobility consultancy services, industry- leading cloud-based (UCaaS) PBX solutions, and Enterprise Mobility Management (EMM) services, including Mobile Security, system design, implementation, mobile device management.