Binero Group AB (OSTO:BINERO) Interest Expense : kr-1.4 Mil (TTM As of Dec. 2024)

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What is Binero Group AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Binero Group AB's interest expense for the six months ended in Dec. 2024 was kr -1.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was kr-1.4 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. Binero Group AB's Operating Income for the six months ended in Dec. 2024 was kr 4.9 Mil. Binero Group AB's Interest Expense for the six months ended in Dec. 2024 was kr -1.4 Mil. Binero Group AB's Interest Coverage for the quarter that ended in Dec. 2024 was 3.50. 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.

Binero Group AB Interest Expense Historical Data

The historical data trend for Binero Group 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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Binero Group AB Interest Expense Chart

Binero Group AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-0.96

-0.90

-1.82

-0.57

-2.88

Binero Group AB Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Interest Expense	Get a 7-Day Free Trial															-0.72	-1.00	-52.50	-	-1.40

Binero Group 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 Dec. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was kr-1.4 Mil.

Binero Group AB (OSTO:BINERO) 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.

Binero Group AB's Interest Expense for the six months ended in Dec. 2024 was kr-1.4 Mil. Its Operating Income for the six months ended in Dec. 2024 was kr4.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2024 was kr13.2 Mil.

Binero Group AB'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	*	4.9	/	-1.4
	=	3.50

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

Binero Group AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Binero Group AB (OSTO:BINERO) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Gustavslundsvagen 141A, Bromma, Stockholm, SWE, 167 51

Website

https://www.binerogroup.com

Binero Group AB is a Swedish provider of digital infrastructure services for small and medium-sized companies. The company's offer includes, among other things, the development and management of a company's IT infrastructure as well as its own public cloud service, called IaaS (infrastructure as a service) that goes by the name of binero cloud. The company also operates several datacenters, where the waste heat is recycled and distributed into the district heating system.

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