SkiStar AB (OSTO:SKIS B) Interest Expense : kr-121 Mil (TTM As of May. 2024)

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What is SkiStar AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. SkiStar AB's interest expense for the three months ended in May. 2024 was kr -23 Mil. Its interest expense for the trailing twelve months (TTM) ended in May. 2024 was kr-121 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. SkiStar AB's Operating Income for the three months ended in May. 2024 was kr 413 Mil. SkiStar AB's Interest Expense for the three months ended in May. 2024 was kr -23 Mil. SkiStar AB's Interest Coverage for the quarter that ended in May. 2024 was 18.17. 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.

SkiStar AB Interest Expense Historical Data

The historical data trend for SkiStar 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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SkiStar AB Interest Expense Chart

SkiStar AB Annual Data

Trend

Aug14

Aug15

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Aug20

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Aug23

Interest Expense

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-68.63

-51.82

-49.99

-73.56

-83.67

SkiStar AB Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
Interest Expense	Get a 7-Day Free Trial															-25.85	-27.95	-30.97	-39.64	-22.73

SkiStar 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 May. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-121 Mil.

SkiStar AB (OSTO:SKIS 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.

SkiStar AB's Interest Expense for the three months ended in May. 2024 was kr-23 Mil. Its Operating Income for the three months ended in May. 2024 was kr413 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in May. 2024 was kr2,859 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: May. 2024 )	/	Interest Expense (Q: May. 2024 )
	=	-1	*	412.994	/	-22.728
	=	18.17

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

SkiStar AB (OSTO:SKIS B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » SkiStar AB (OSTO:SKIS B) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

SKISBs:UK 3AJ:Germany

Address

Salfjallsgarden, Salen, SWE, 78067

Website

https://www.skistar.com

SkiStar AB operates resorts in Scandinavia. The company manages and operates mountain ski resorts in Hemsedal and Trysil, in Norway, as well as in Salen, Are, and Vemdalen, in Sweden. It has its own online system where guests can book accommodations, ski passes, ski school lessons, and ski rentals. SkiStar operates its business in the below segments Operation of Mountain Resorts; Property Development and Operation of Hotels. The company also manages accommodation properties for hire, owns the land for development.

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