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NIBE Industrier AB (OSTO:NIBE B) Interest Expense : kr-1,113 Mil (TTM As of Mar. 2024)


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What is NIBE Industrier AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NIBE Industrier AB's interest expense for the three months ended in Mar. 2024 was kr -332 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-1,113 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. NIBE Industrier AB's Operating Income for the three months ended in Mar. 2024 was kr -579 Mil. NIBE Industrier AB's Interest Expense for the three months ended in Mar. 2024 was kr -332 Mil. NIBE Industrier AB did not have earnings to cover the interest expense. 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.

NIBE Industrier AB Interest Expense Historical Data

The historical data trend for NIBE Industrier 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.

* Premium members only.

NIBE Industrier AB Interest Expense Chart

NIBE Industrier AB Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -205.00 -209.00 -196.00 -260.00 -882.00

NIBE Industrier 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -101.00 -146.00 -181.00 -454.00 -332.00

NIBE Industrier 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-1,113 Mil.

* 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.

NIBE Industrier AB  (OSTO:NIBE B) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

NIBE Industrier AB's Interest Expense for the three months ended in Mar. 2024 was kr-332 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr-579 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr17,185 Mil.

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

NIBE Industrier AB did not have earnings to cover the interest expense.

* 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.

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

NIBE Industrier AB (OSTO:NIBE B) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » NIBE Industrier AB (OSTO:NIBE B) » Definitions » Interest Expense
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Traded in Other Exchanges
NIABY:USA NDRBF:USA NIBEBs:UK 0RH0:UK NJB:Germany NIBEB:Switzerland
Address
Hannabadsvagen 5, Box 14, Markaryd, SWE, SE- 285 21
Website
https://www.nibe.com
NIBE Industrier AB manufactures and sells energy-efficient products for industrial and consumer use. The firm is organized into three segments by product type. The climate solutions segment, which generates the majority of revenue, sells HVAC systems and hot water heaters to homes, apartment buildings, and other large properties. The elements segment sells components and elements to multiple industries, including appliance manufacturers, home remodelers, energy, and automotive. The stoves segment sells energy-efficient stoves and chimney systems to residential and commercial customers. The vast majority of revenue comes from Europe.

NIBE Industrier AB (OSTO:NIBE B) Headlines

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