Kakel Max AB (OSTO:KAKEL) Interest Expense : kr-0.8 Mil (TTM As of Mar. 2024)

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What is Kakel Max AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kakel Max AB's interest expense for the three months ended in Mar. 2024 was kr -0.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-0.8 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. Kakel Max AB's Operating Income for the three months ended in Mar. 2024 was kr 0.4 Mil. Kakel Max AB's Interest Expense for the three months ended in Mar. 2024 was kr -0.3 Mil. Kakel Max AB's Interest Coverage for the quarter that ended in Mar. 2024 was 1.38. 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.

Kakel Max AB Interest Expense Historical Data

The historical data trend for Kakel Max 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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Kakel Max AB Interest Expense Chart

Kakel Max AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.92

-0.81

-0.76

-0.66

-0.79

Kakel Max 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															-0.15	-0.22	-0.20	-0.14	-0.26

Kakel Max 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-0.8 Mil.

Kakel Max AB (OSTO:KAKEL) 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.

Kakel Max AB's Interest Expense for the three months ended in Mar. 2024 was kr-0.3 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr0.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr2.2 Mil.

Kakel Max 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	*	0.362	/	-0.262
	=	1.38

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

Kakel Max AB (OSTO:KAKEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Kakel Max AB (OSTO:KAKEL) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dalvägen 4, Östervåla, SWE, 740 46

Website

http://www.kakelmax.se

Kakel Max AB provides service for professional customers in the market of tile and natural stone and bathroom furniture and accessories. The company's products and services are sold to the customer base through several channels: via its own store network, via the main warehouse and via retailer.

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