Cibus Nordic Real Estate AB (OSTO:CIBUS) Interest Expense : kr-575 Mil (TTM As of Mar. 2024)

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What is Cibus Nordic Real Estate AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cibus Nordic Real Estate AB's interest expense for the three months ended in Mar. 2024 was kr -152 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-575 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. Cibus Nordic Real Estate AB's Operating Income for the three months ended in Mar. 2024 was kr 290 Mil. Cibus Nordic Real Estate AB's Interest Expense for the three months ended in Mar. 2024 was kr -152 Mil. Cibus Nordic Real Estate AB's Interest Coverage for the quarter that ended in Mar. 2024 was 1.91. 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.

Cibus Nordic Real Estate AB Interest Expense Historical Data

The historical data trend for Cibus Nordic Real Estate 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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Cibus Nordic Real Estate AB Interest Expense Chart

Cibus Nordic Real Estate AB Annual Data

Trend

Jun18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-134.16

-169.63

-207.23

-309.88

-537.71

Cibus Nordic Real Estate 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															-152.70	-154.51	-144.43	-124.38	-151.84

Cibus Nordic Real Estate 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-575 Mil.

Cibus Nordic Real Estate AB (OSTO:CIBUS) 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.

Cibus Nordic Real Estate AB's Interest Expense for the three months ended in Mar. 2024 was kr-152 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr290 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr10,942 Mil.

Cibus Nordic Real Estate 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	*	290.226	/	-151.835
	=	1.91

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Cibus Nordic Real Estate AB interest coverage is 2.1, which is low.

Cibus Nordic Real Estate AB (OSTO:CIBUS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Cibus Nordic Real Estate AB (OSTO:CIBUS) » Definitions » Interest Expense

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Traded in Other Exchanges

0ABQ:UK 6N5:Germany

Address

Kungsgatan 56, Stockholm, SWE, SE-111 22

Website

https://www.cibusnordic.com

Cibus Nordic Real Estate AB is a real estate company with the business idea to acquire, develop and manage high-quality properties in the Nordics with reputable grocery and daily-goods store chains as their anchor tenants. It controls and operates distribution networks for grocery trade and parcel services. The company's majority portion of revenue is derived from the Helsinki region.

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