Victoria Park AB (OSTO:VICP PREF.PFD) Interest Expense : kr-185.00 Mil (TTM As of Mar. 2019)

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What is Victoria Park AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Victoria Park AB's interest expense for the three months ended in Mar. 2019 was kr -47.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2019 was kr-185.00 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. Victoria Park AB's Operating Income for the three months ended in Mar. 2019 was kr 146.00 Mil. Victoria Park AB's Interest Expense for the three months ended in Mar. 2019 was kr -47.00 Mil. Victoria Park AB's Interest Coverage for the quarter that ended in Mar. 2019 was 3.11. 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.

Victoria Park AB Interest Expense Historical Data

The historical data trend for Victoria Park 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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Victoria Park AB Interest Expense Chart

Victoria Park AB Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Interest Expense

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-50.00

-98.00

-130.00

-168.00

-174.00

Victoria Park AB Quarterly Data
	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19
Interest Expense	Get a 7-Day Free Trial															-44.00	-46.00	-47.00	-45.00	-47.00

Victoria Park 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. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-185.00 Mil.

Victoria Park AB (OSTO:VICP PREF.PFD) 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.

Victoria Park AB's Interest Expense for the three months ended in Mar. 2019 was kr-47.00 Mil. Its Operating Income for the three months ended in Mar. 2019 was kr146.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2019 was kr10,161.00 Mil.

Victoria Park AB's Interest Coverage for the quarter that ended in Mar. 2019 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2019 )	/	Interest Expense (Q: Mar. 2019 )
	=	-1	*	146	/	-47
	=	3.11

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

Warning Sign:

Ben Graham prefers companies interest coverage is at least 5. Victoria Park AB interest coverage is 3.25, which is low.

Victoria Park AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Victoria Park AB (OSTO:VICP PREF.PFD) » Definitions » Interest Expense

Comparable Companies

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N/A

Address

Stora Varvsgatan 13 A, Box 2, Malmo, SWE, 20120

Website

http://www.victoriapark.se

Victoria Park AB is a real estate company operating in Sweden focusing on housing properties in growth areas. The company mainly invests in commercial premises which are in form of community-related activities, such as pre-school, school, health, health, accommodation and education. Its properties are located in Stockholm region, Regions Malmo, region GÃ¶teborg and others. The company also develops and constructs restaurants, gyms, cinemas, swimming pools, tennis courts, and spa facilities and others.

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