REC Silicon ASA (OSTO:RECO) Interest Expense : kr-184 Mil (TTM As of Mar. 2024)

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What is REC Silicon ASA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. REC Silicon ASA's interest expense for the three months ended in Mar. 2024 was kr -58 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-184 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. REC Silicon ASA's Operating Income for the three months ended in Mar. 2024 was kr -369 Mil. REC Silicon ASA's Interest Expense for the three months ended in Mar. 2024 was kr -58 Mil. REC Silicon ASA 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.

REC Silicon ASA Interest Expense Historical Data

The historical data trend for REC Silicon ASA'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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REC Silicon ASA Interest Expense Chart

REC Silicon ASA Annual Data

Trend

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Interest Expense

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-169.65

-183.72

-204.77

-198.59

-168.79

REC Silicon ASA 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															-44.24	-36.71	-54.70	-33.76	-58.37

REC Silicon ASA 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-184 Mil.

REC Silicon ASA (OSTO:RECo) 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.

REC Silicon ASA's Interest Expense for the three months ended in Mar. 2024 was kr-58 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr-369 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr3,332 Mil.

REC Silicon ASA's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

REC Silicon ASA did not have earnings to cover the interest expense.

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

REC Silicon ASA (OSTO:RECO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » REC Silicon ASA (OSTO:RECo) » Definitions » Interest Expense

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RNWEY:USA RNWEF:USA RECSI:Norway R3Q:Germany

Address

Fornebuveien 84, PO Box 63, Lysaker, NOR, 1324

Website

https://www.recsilicon.com

REC Silicon ASA is a producer of silicon materials, supplying high-purity polysilicon and silicon gases to the solar and electronics industries. The product offered by the group includes Solar grade polysilicon, Electronic grade polysilicon and Silicon gases. It operates in two segments namely Solar Materials and Semiconductor Materials. Majority of the firm's revenue gets generated through Semiconductor Materials segment.

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