Drillcon AB (OSTO:DRIL) Interest Expense : kr-7.2 Mil (TTM As of Jun. 2024)

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What is Drillcon AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Drillcon AB's interest expense for the three months ended in Jun. 2024 was kr -2.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was kr-7.2 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. Drillcon AB's Operating Income for the three months ended in Jun. 2024 was kr 9.3 Mil. Drillcon AB's Interest Expense for the three months ended in Jun. 2024 was kr -2.2 Mil. Drillcon AB's Interest Coverage for the quarter that ended in Jun. 2024 was 4.21. 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.

Drillcon AB Interest Expense Historical Data

The historical data trend for Drillcon 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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Drillcon AB Interest Expense Chart

Drillcon AB Annual Data

Trend

Dec13

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Dec22

Interest Expense

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-1.91

-2.44

-1.17

-1.68

-3.75

Drillcon AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Jun24
Interest Expense	Get a 7-Day Free Trial															-1.95	-5.21	-3.68	-1.33	-2.21

Drillcon 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-7.2 Mil.

Drillcon AB (OSTO:DRIL) 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.

Drillcon AB's Interest Expense for the three months ended in Jun. 2024 was kr-2.2 Mil. Its Operating Income for the three months ended in Jun. 2024 was kr9.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was kr57.3 Mil.

Drillcon AB's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	9.311	/	-2.21
	=	4.21

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

Drillcon AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Drillcon AB (OSTO:DRIL) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Industrivagen 2, Nora, SWE, 713 30

Website

http://www.drillcon.se

Drillcon AB is a service provider of Mining and Construction drilling solutions. The company's segment includes diamond core drilling services such as Percussion drillings, Core drillings and Technical surveys and services; Raiseboring operations such as ventilation, ore and/or waste passes, production slot of raises and / or narrow vein mining and Geoservices segment providing Instruments for borehole deviation surveys, seismic surveys, digital optical borehole imaging and Rock Mechanical In-situ stress measurements.

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