High Coast Distillery AB (OSTO:HIGHCO B) Interest Expense : kr-2.82 Mil (TTM As of Jun. 2024)

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What is High Coast Distillery AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. High Coast Distillery AB's interest expense for the three months ended in Jun. 2024 was kr -0.74 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was kr-2.82 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. High Coast Distillery AB's Operating Income for the three months ended in Jun. 2024 was kr 5.26 Mil. High Coast Distillery AB's Interest Expense for the three months ended in Jun. 2024 was kr -0.74 Mil. High Coast Distillery AB's Interest Coverage for the quarter that ended in Jun. 2024 was 7.11. 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.

High Coast Distillery AB Interest Expense Historical Data

The historical data trend for High Coast Distillery 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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High Coast Distillery AB Interest Expense Chart

High Coast Distillery AB Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-2.21

-1.72

-1.46

-2.56

High Coast Distillery AB Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Interest Expense	Get a 7-Day Free Trial									-0.61	-0.75	-0.65	-0.69	-0.74

High Coast Distillery 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-2.82 Mil.

High Coast Distillery AB (OSTO:HIGHCO 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.

High Coast Distillery AB's Interest Expense for the three months ended in Jun. 2024 was kr-0.74 Mil. Its Operating Income for the three months ended in Jun. 2024 was kr5.26 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was kr53.72 Mil.

High Coast Distillery 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	*	5.256	/	-0.739
	=	7.11

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

High Coast Distillery AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » High Coast Distillery AB (OSTO:HIGHCO B) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Sörviken 140, Bjärtrå, SWE, 872 96

Website

https://www.highcoastwhisky.se

High Coast Distillery AB (publ) manufactures, stores, bottles, markets and sells single malt whiskey.

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