Tingsvalvet Fastighets AB (OSTO:TINGS B) Interest Expense : kr-60.5 Mil (TTM As of Dec. 2024)

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What is Tingsvalvet Fastighets AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tingsvalvet Fastighets AB's interest expense for the three months ended in Dec. 2024 was kr -16.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was kr-60.5 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. Tingsvalvet Fastighets AB's Operating Income for the three months ended in Dec. 2024 was kr 30.4 Mil. Tingsvalvet Fastighets AB's Interest Expense for the three months ended in Dec. 2024 was kr -16.6 Mil. Tingsvalvet Fastighets AB's Interest Coverage for the quarter that ended in Dec. 2024 was 1.83. 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.

Tingsvalvet Fastighets AB Interest Expense Historical Data

The historical data trend for Tingsvalvet Fastighets 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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Tingsvalvet Fastighets AB Interest Expense Chart

Tingsvalvet Fastighets AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-11.18

-12.38

-19.69

-41.06

-61.16

Tingsvalvet Fastighets AB Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-11.98	-13.21	-15.36	-15.32	-16.63

Tingsvalvet Fastighets 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-60.5 Mil.

Tingsvalvet Fastighets AB (OSTO:TINGS 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.

Tingsvalvet Fastighets AB's Interest Expense for the three months ended in Dec. 2024 was kr-16.6 Mil. Its Operating Income for the three months ended in Dec. 2024 was kr30.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was kr1,169.0 Mil.

Tingsvalvet Fastighets AB's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	30.351	/	-16.626
	=	1.83

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. Tingsvalvet Fastighets AB interest coverage is 1.76, which is low.

Tingsvalvet Fastighets AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Tingsvalvet Fastighets AB (OSTO:TINGS B) » Definitions » Interest Expense

Traded in Other Exchanges

TINGS A:Sweden

Address

c/o Arctic Securities AS, filial Sverige, Biblioteksgatan 8, 3tr., Stockholm, SWE, 111 46

Website

https://www.tingsvalvet.se

Tingsvalvet Fastighets AB is a Swedish real estate company that owns, manages and leases office, retail and restaurant premises in central Karlstad.

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