Karnell Group AB (OSTO:KARNEL B) Interest Expense : kr-10.7 Mil (TTM As of Mar. 2024)

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What is Karnell Group AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Karnell Group AB's interest expense for the three months ended in Mar. 2024 was kr -10.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-10.7 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. Karnell Group AB's Operating Income for the three months ended in Mar. 2024 was kr 16.9 Mil. Karnell Group AB's Interest Expense for the three months ended in Mar. 2024 was kr -10.7 Mil. Karnell Group AB's Interest Coverage for the quarter that ended in Mar. 2024 was 1.58. 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.

Karnell Group AB Interest Expense Historical Data

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

Karnell Group AB Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-10.53

-18.95

-53.10

Karnell Group AB Quarterly Data
	Dec21	Dec22	Mar23	Dec23	Mar24
Interest Expense	-	-	-5.80	-	-10.70

Karnell 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-10.7 Mil.

Karnell Group AB (OSTO:KARNEL 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.

Karnell Group AB's Interest Expense for the three months ended in Mar. 2024 was kr-10.7 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr16.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr385.9 Mil.

Karnell Group 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	*	16.9	/	-10.7
	=	1.58

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

Karnell Group AB (OSTO:KARNEL B) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Riddargatan 13D, Stockholm, SWE, 114 51

Website

https://www.karnell.se

Karnell Group AB is a company that is an active owner of industrial technology companies. The Company's business concept is to use a systematic and proactive acquisition strategy to identify and invest in industrial technology companies where Karnell believes there is development potential and thus an opportunity for value creation with Karnell as a long-term owner. It consists of twelve directly owned group companies, with subsidiaries, divided into two business areas that includes Product companies and Niched manufacturers. The business area Product companies consists of companies that wholly or predominantly base their business on proprietary products, which may include various rights such as trademarks, patents, etc.

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