Observit AB (OSTO:OBSE) Interest Expense : kr-0.33 Mil (TTM As of Dec. 2024)

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What is Observit AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Observit AB's interest expense for the three months ended in Dec. 2024 was kr -0.09 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was kr-0.33 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. Observit AB's Operating Income for the three months ended in Dec. 2024 was kr 0.44 Mil. Observit AB's Interest Expense for the three months ended in Dec. 2024 was kr -0.09 Mil. Observit AB's Interest Coverage for the quarter that ended in Dec. 2024 was 4.99. 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.

Observit AB Interest Expense Historical Data

The historical data trend for Observit 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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Observit AB Interest Expense Chart

Observit AB Annual Data

Trend

Jun21

Dec22

Dec23

Dec24

Interest Expense

-0.04

-0.05

-0.33

Observit AB Quarterly Data
	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial									-0.02	-0.09	-0.04	-0.12	-0.09

Observit 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-0.33 Mil.

Observit AB (OSTO:OBSE) 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.

Observit AB's Interest Expense for the three months ended in Dec. 2024 was kr-0.09 Mil. Its Operating Income for the three months ended in Dec. 2024 was kr0.44 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was kr1.92 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	0.444	/	-0.089
	=	4.99

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

Observit AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Observit AB (OSTO:OBSE) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Heffners Alle 52, Sundsvall, SWE, 856 33

Website

https://www.observit.com

Observit AB is the market leader in the Nordics when it comes to mobile video surveillance in public transport. The company provides software as a cloud service, and a Software as a Service (SaaS) solution, and currently has approximately 38,000 licenses (one license per security camera) connected worldwide. The customer base includes large, well-known bus operators such as Nobina, Keolis, and Arriva and other transport-heavy customers such as Elis. Observit wants to become the leading global brand for mobile video solutions in the transport sector.

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