Synsam AB (OSTO:SYNSAM) Interest Expense : kr-90 Mil (TTM As of Mar. 2024)

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What is Synsam AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Synsam AB's interest expense for the three months ended in Mar. 2024 was kr -51 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-90 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. Synsam AB's Operating Income for the three months ended in Mar. 2024 was kr 171 Mil. Synsam AB's Interest Expense for the three months ended in Mar. 2024 was kr -51 Mil. Synsam AB's Interest Coverage for the quarter that ended in Mar. 2024 was 3.35. 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.

Synsam AB Interest Expense Historical Data

The historical data trend for Synsam 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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Synsam AB Interest Expense Chart

Synsam AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-494.30

-508.00

-452.00

-102.00

-187.00

Synsam AB Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial												-40.00	-124.00	-137.00	222.00	-51.00

Synsam 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-90 Mil.

Synsam AB (OSTO:SYNSAM) 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.

Synsam AB's Interest Expense for the three months ended in Mar. 2024 was kr-51 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr171 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr2,503 Mil.

Synsam 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	*	171	/	-51
	=	3.35

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

Synsam AB (OSTO:SYNSAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Synsam AB (OSTO:SYNSAM) » Definitions » Interest Expense

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9FZ:Germany

Address

Sankt Eriksgatan 60, Stockholm, SWE, 112 34

Website

https://www.synsamgroup.com

Synsam AB is a lifestyle company in optics and eye health in the Nordic region. The company offers a wide and innovative range of products in physical and digital stores. It also offers several subscription services as well as the opportunity to virtually try out entire range of glasses on mobile.

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