Platzer Fastigheter Holding AB (OSTO:PLAZ B) Interest Expense : kr-536 Mil (TTM As of Mar. 2024)

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What is Platzer Fastigheter Holding AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Platzer Fastigheter Holding AB's interest expense for the three months ended in Mar. 2024 was kr -139 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-536 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. Platzer Fastigheter Holding AB's Operating Income for the three months ended in Mar. 2024 was kr 298 Mil. Platzer Fastigheter Holding AB's Interest Expense for the three months ended in Mar. 2024 was kr -139 Mil. Platzer Fastigheter Holding AB's Interest Coverage for the quarter that ended in Mar. 2024 was 2.14. 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.

Platzer Fastigheter Holding AB Interest Expense Historical Data

The historical data trend for Platzer Fastigheter Holding 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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Platzer Fastigheter Holding AB Interest Expense Chart

Platzer Fastigheter Holding AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-183.00

-207.00

-209.00

-256.00

-501.00

Platzer Fastigheter Holding 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															-97.00	-113.00	-142.00	-142.00	-139.00

Platzer Fastigheter Holding 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-536 Mil.

Platzer Fastigheter Holding AB (OSTO:PLAZ 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.

Platzer Fastigheter Holding AB's Interest Expense for the three months ended in Mar. 2024 was kr-139 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr298 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr10,603 Mil.

Platzer Fastigheter Holding 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	*	298	/	-139
	=	2.14

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Platzer Fastigheter Holding AB interest coverage is 2.09, which is low.

Platzer Fastigheter Holding AB (OSTO:PLAZ B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Platzer Fastigheter Holding AB (OSTO:PLAZ B) » Definitions » Interest Expense

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Traded in Other Exchanges

PLAZF:USA PLAZBs:UK 0QIA:UK

Address

Kampegatan 7, Gothenburg, SWE

Website

https://www.platzer.se

Platzer Fastigheter Holding AB is a commercial property company engaged in the ownership and development of commercial property in Gothenburg. The company has three geographical office segments and industrial/logistics: Offices Central Gothenburg (Almedal, City Centre, Garda, Lilla Bommen, Masthugget, and Medicinareberget), Offices North/East Gothenburg (Backaplan, Gamlestaden, Lindholmen, and Molnlycke), Offices South/West Gothenburg (Hogsbo and Molndal), and Industrial and logistics (Arendal and Torslanda).

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