RugVista Group AB (OSTO:RUG) Interest Expense : kr-0.4 Mil (TTM As of Mar. 2024)

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What is RugVista Group AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. RugVista Group AB's interest expense for the three months ended in Mar. 2024 was kr -0.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-0.4 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. RugVista Group AB's Operating Income for the three months ended in Mar. 2024 was kr 20.0 Mil. RugVista Group AB's Interest Expense for the three months ended in Mar. 2024 was kr -0.2 Mil. RugVista Group AB's Interest Coverage for the quarter that ended in Mar. 2024 was 112.21. 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.

RugVista Group AB Interest Expense Historical Data

The historical data trend for RugVista Group 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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RugVista Group AB Interest Expense Chart

RugVista Group AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-4.26

-3.56

-0.91

-1.10

-0.92

RugVista Group AB Quarterly Data
	Dec18	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														-0.20	-	-0.32	0.05	-0.18

RugVista Group 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-0.4 Mil.

RugVista Group AB (OSTO:RUG) 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.

RugVista Group AB's Interest Expense for the three months ended in Mar. 2024 was kr-0.2 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr20.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr7.4 Mil.

RugVista Group 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	*	19.973	/	-0.178
	=	112.21

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. RugVista Group AB has enough cash to cover all of its debt. Its financial situation is stable.

RugVista Group AB (OSTO:RUG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » RugVista Group AB (OSTO:RUG) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Ringugnsgatan 11, Limhamn, Malmo, SWE, 216 16

Website

https://www.rugvista.com

RugVista Group AB is a direct-to-consumer online platform within carpet and rug sales through its online stores. The company offers broad and relevant range of quality design and traditional carpets and rugs. It operates in three segments namely Business-to-Consumer (B2C), Business-to-Business (B2B), and Marketplaces & others (MPO). The B2C segment represents the consumer market. The B2B segments focuses on small and medium sized companies mainly retail stores, hotels and interior design studios. The MPO segments sells company's products through other selected relevant and rapidly growing online stores such as Amazon. Majority of its revenue comes from B2C segment.

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