Momentum Group AB (OSTO:MMGR B) Interest Expense : kr-28 Mil (TTM As of Mar. 2024)

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What is Momentum Group AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Momentum Group AB's interest expense for the three months ended in Mar. 2024 was kr -11 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-28 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. Momentum Group AB's Operating Income for the three months ended in Mar. 2024 was kr 65 Mil. Momentum Group AB's Interest Expense for the three months ended in Mar. 2024 was kr -11 Mil. Momentum Group AB's Interest Coverage for the quarter that ended in Mar. 2024 was 5.91. 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.

Momentum Group AB Interest Expense Historical Data

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

Momentum Group AB Annual Data

Trend

Mar18

Mar19

Mar20

Dec21

Dec22

Dec23

Interest Expense

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-2.00

-3.00

-7.00

-19.00

Momentum Group AB Quarterly Data
	Mar19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial											-2.00	-5.00	-7.00	-5.00	-11.00

Momentum 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-28 Mil.

Momentum Group AB (OSTO:MMGR 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.

Momentum Group AB's Interest Expense for the three months ended in Mar. 2024 was kr-11 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr65 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr424 Mil.

Momentum 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	*	65	/	-11
	=	5.91

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

Momentum Group AB (OSTO:MMGR B) Business Description

Industry

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Traded in Other Exchanges

X64:Germany

Address

Ostermalmsgatan 87 E, Stockholm, SWE, SE-114 59

Website

https://www.momentum.group

Momentum Group AB operates, develops and acquires successful sustainable companies in the Nordic region through active ownership with decentralized profit and business responsibility. The group consists of a number of companies that together constitute one of the Nordic region's leading suppliers of industrial components, industrial services and other related services in the industrial sector.

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