NetEnt AB (OSTO:NET IL B.PFD) Interest Expense : kr-200.19 Mil (TTM As of Sep. 2020)

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What is NetEnt AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NetEnt AB's interest expense for the three months ended in Sep. 2020 was kr -42.24 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2020 was kr-200.19 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. NetEnt AB's Operating Income for the three months ended in Sep. 2020 was kr 193.51 Mil. NetEnt AB's Interest Expense for the three months ended in Sep. 2020 was kr -42.24 Mil. NetEnt AB's Interest Coverage for the quarter that ended in Sep. 2020 was 4.58. 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.

NetEnt AB Interest Expense Historical Data

The historical data trend for NetEnt 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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NetEnt AB Interest Expense Chart

NetEnt AB Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Interest Expense

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-0.52

-1.07

-1.29

-2.04

-33.19

NetEnt AB Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Interest Expense	Get a 7-Day Free Trial															-53.74	47.95	-89.66	-116.25	-42.24

NetEnt 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 Sep. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-200.19 Mil.

NetEnt AB (OSTO:NET IL B.PFD) 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.

NetEnt AB's Interest Expense for the three months ended in Sep. 2020 was kr-42.24 Mil. Its Operating Income for the three months ended in Sep. 2020 was kr193.51 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2020 was kr1,852.76 Mil.

NetEnt AB's Interest Coverage for the quarter that ended in Sep. 2020 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2020 )	/	Interest Expense (Q: Sep. 2020 )
	=	-1	*	193.507	/	-42.235
	=	4.58

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

Warning Sign:

Ben Graham prefers companies interest coverage is at least 5. NetEnt AB interest coverage is 3.18, which is low.

NetEnt AB (OSTO:NET IL B.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » NetEnt AB (OSTO:NET IL B.PFD) » Definitions » Interest Expense

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Address

Vasagatan 16, Stockholm, SWE, SE-111 20

Website

http://www.netent.com

NetEnt AB is a Swedish company that is involved in the entertainment business and primarily develops and sells casino systems and game applications. The company's gaming portfolio comprises various game categories, including video slots, the firm's most popular category; branded games; live casino; table games; video poker; lottery and other; mini games; and pooled jackpot games. NetEnt and its customers, which are casino operators, work according to a partnership model where gaming operators pay a monthly license fee to NetEnt calculated as a percentage of the game win generated by NetEnt's games. Outside Sweden, the firm has expanded across Europe, namely in Spain and the United Kingdom, as well as New Jersey in the United States.

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