Beijer Alma AB (OSTO:BEIA B) Interest Expense : kr-159 Mil (TTM As of Mar. 2024)

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What is Beijer Alma AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Beijer Alma AB's interest expense for the three months ended in Mar. 2024 was kr -54 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-159 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. Beijer Alma AB's Operating Income for the three months ended in Mar. 2024 was kr 240 Mil. Beijer Alma AB's Interest Expense for the three months ended in Mar. 2024 was kr -54 Mil. Beijer Alma AB's Interest Coverage for the quarter that ended in Mar. 2024 was 4.44. 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.

Beijer Alma AB Interest Expense Historical Data

The historical data trend for Beijer Alma AB'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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Beijer Alma AB Interest Expense Chart

Beijer Alma AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-26.28

-30.40

-31.90

-71.00

-219.00

Beijer Alma AB 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															-114.00	-69.00	-57.00	21.00	-54.00

Beijer Alma AB 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-159 Mil.

Beijer Alma AB (OSTO:BEIA B) 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.

Beijer Alma AB's Interest Expense for the three months ended in Mar. 2024 was kr-54 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr240 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr2,678 Mil.

Beijer Alma AB'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	*	240	/	-54
	=	4.44

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

Beijer Alma AB (OSTO:BEIA B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Beijer Alma AB (OSTO:BEIA B) » Definitions » Interest Expense

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6O4:Germany

Address

Dragarbrunnsgatan 45, Box 1747, Uppsala, SWE, 751 47

Website

https://www.beijeralma.se

Beijer Alma AB is a Sweden-based industrial group that operates through two subsidiaries: Lesjofors and Beijer Tech. Lesjofors is a manufacturer of springs, wire, and flat-strip components in Europe, North America, and Asia. Beijer Tech focuses on industrial trading and manufacturing in the Nordic region. Beijer Alma's clients come from infrastructure, medical, energy, telecom, chassis springs, and other industrial sectors. The company generates the majority of its sales from the European market.

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