Sectra AB (OSTO:SECT B) Interest Expense : kr-10 Mil (TTM As of Jan. 2024)

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What is Sectra AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sectra AB's interest expense for the three months ended in Jan. 2024 was kr -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was kr-10 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. Sectra AB's Operating Income for the three months ended in Jan. 2024 was kr 74 Mil. Sectra AB's Interest Expense for the three months ended in Jan. 2024 was kr -1 Mil. Sectra AB's Interest Coverage for the quarter that ended in Jan. 2024 was 50.28. 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.

Sectra AB Interest Expense Historical Data

The historical data trend for Sectra 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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Sectra AB Interest Expense Chart

Sectra AB Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Interest Expense

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-1.25

-2.75

-1.84

-1.56

-2.06

Sectra AB Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Expense	Get a 7-Day Free Trial															-	-8.84	-	-	-1.48

Sectra 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-10 Mil.

Sectra AB (OSTO:SECT 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.

Sectra AB's Interest Expense for the three months ended in Jan. 2024 was kr-1 Mil. Its Operating Income for the three months ended in Jan. 2024 was kr74 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was kr12 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Jan. 2024 )	/	Interest Expense (Q: Jan. 2024 )
	=	-1	*	74.359	/	-1.479
	=	50.28

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. Sectra AB has enough cash to cover all of its debt. Its financial situation is stable.

Sectra AB (OSTO:SECT B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Sectra AB (OSTO:SECT B) » Definitions » Interest Expense

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Traded in Other Exchanges

0A0L:UK 61L1:Germany

Address

Teknikringen 20, Linkoping, SWE, SE-583 30

Website

https://www.sectra.com

Sectra AB develops IT solutions and services for storing, viewing, and working with medical images. The operating business segments are Imaging IT Solutions, Secure Communications, Business Innovation, and Other Operations. It generates maximum revenue from the Imaging IT Solutions segment. The company also offers maintenance in the form of support, system monitoring, and consulting services related to integration, system design, data migration, and business development. Geographically, it derives a majority of its revenue from Sweden and also has a presence in the Netherlands; the United Kingdom, and the Rest of Europe.

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