Solnaberg Property AB (OSTO:SOLNA) Interest Expense : kr-24.98 Mil (TTM As of Dec. 2023)

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What is Solnaberg Property AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Solnaberg Property AB's interest expense for the six months ended in Dec. 2023 was kr -12.85 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was kr-24.98 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. Solnaberg Property AB's Operating Income for the six months ended in Dec. 2023 was kr 11.05 Mil. Solnaberg Property AB's Interest Expense for the six months ended in Dec. 2023 was kr -12.85 Mil. Solnaberg Property AB's Interest Coverage for the quarter that ended in Dec. 2023 was 0.86. 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.

Solnaberg Property AB Interest Expense Historical Data

The historical data trend for Solnaberg Property 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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Solnaberg Property AB Interest Expense Chart

Solnaberg Property AB Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-6.08

-5.56

-5.38

-9.40

-24.98

Solnaberg Property AB Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial										-2.11	-3.40	-6.01	-12.13	-12.85

Solnaberg Property 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was kr-24.98 Mil.

Solnaberg Property AB (OSTO:SOLNA) 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.

Solnaberg Property AB's Interest Expense for the six months ended in Dec. 2023 was kr-12.85 Mil. Its Operating Income for the six months ended in Dec. 2023 was kr11.05 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was kr550.00 Mil.

Solnaberg Property AB's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	11.048	/	-12.846
	=	0.86

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. Solnaberg Property ABs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Solnaberg Property AB (OSTO:SOLNA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Solnaberg Property AB (OSTO:SOLNA) » Definitions » Interest Expense

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Address

C/o Wilfast Forvaltning AB, Stora Badhusgatan 28A, Gothenburg, SWE, 411 21

Website

http://www.solnabergproperty.se

Solnaberg Property AB is a Sweden-based company involved in the real estate sector. It owns the property Solna Bladet 3 which comprises four combined office buildings. The property is in Bergshamra, a district in eastern Solna.

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