Beijer Ref AB (OSTO:BEIJ B) Interest Expense : kr-522 Mil (TTM As of Mar. 2024)

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What is Beijer Ref AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Beijer Ref AB's interest expense for the three months ended in Mar. 2024 was kr -141 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-522 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 Ref AB's Operating Income for the three months ended in Mar. 2024 was kr 684 Mil. Beijer Ref AB's Interest Expense for the three months ended in Mar. 2024 was kr -141 Mil. Beijer Ref AB's Interest Coverage for the quarter that ended in Mar. 2024 was 4.85. 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 Ref AB Interest Expense Historical Data

The historical data trend for Beijer Ref 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 Ref AB Interest Expense Chart

Beijer Ref AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-65.80

-66.63

-78.00

-182.00

-539.00

Beijer Ref 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															-207.00	-93.00	-158.00	-130.00	-141.00

Beijer Ref 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-522 Mil.

Beijer Ref AB (OSTO:BEIJ 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 Ref AB's Interest Expense for the three months ended in Mar. 2024 was kr-141 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr684 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr0 Mil.

Beijer Ref 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	*	684	/	-141
	=	4.85

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

Beijer Ref AB (OSTO:BEIJ B) Business Description

Industry

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

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Traded in Other Exchanges

0A0H:UK BRZ0:Germany

Address

Stortorget 8, Malmo, SWE, SE-211 34

Website

https://www.beijerref.com

Beijer Ref AB is a Sweden-based company that trades, distributes, and services refrigeration systems, as well as components for refrigeration systems, air conditioning, and heat pumps. The company serves demands from commercial refrigeration (targeting food stores, shopping malls, hotels, and others), industrial refrigeration (targeting ice rinks, offices, computer rooms, and others), and comfort cooling (targeting private residences, stores, and others). Beijer Ref's sales are primarily made to refrigeration installation contractors, service vendors, building companies, and refrigerator makers. The company generates substantially all of its sales from the European market.

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