Minesto AB (OSTO:MINEST) Interest Expense : kr-1.93 Mil (TTM As of Mar. 2024)

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What is Minesto AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Minesto AB's interest expense for the three months ended in Mar. 2024 was kr 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-1.93 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. Minesto AB's Operating Income for the three months ended in Mar. 2024 was kr -11.79 Mil. Minesto AB's Interest Expense for the three months ended in Mar. 2024 was kr 0.00 Mil. Minesto AB has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Minesto AB Interest Expense Historical Data

The historical data trend for Minesto 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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Minesto AB Interest Expense Chart

Minesto AB Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-0.43

-3.59

-0.02

-0.03

Minesto 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															-	-	-1.39	-0.54	-

Minesto 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-1.93 Mil.

Minesto AB (OSTO:MINEST) 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.

Minesto AB's Interest Expense for the three months ended in Mar. 2024 was kr0.00 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr-11.79 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr0.00 Mil.

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

Minesto AB had no long-term debt ⁽¹⁾.

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

Minesto AB (OSTO:MINEST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Minesto AB (OSTO:MINEST) » Definitions » Interest Expense

Traded in Other Exchanges

7MN:Germany

Address

Vita gavelns vag 6, Vastra Frolunda, Gothenburg, SWE, 42671

Website

http://www.minesto.com

Minesto AB is a Sweden based company engaged in the production of tidal energy from the oceans. The main sources of the ocean energy include Tidal streams, Ocean currents, Tidal range (rise and fall), Waves, Ocean thermal energy and Salinity gradients.

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