Nordic Fibreboard AS (OTSE:SKN1T) Interest Expense : €-0.22 Mil (TTM As of Mar. 2024)

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What is Nordic Fibreboard AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nordic Fibreboard AS's interest expense for the three months ended in Mar. 2024 was € -0.05 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-0.22 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. Nordic Fibreboard AS's Operating Income for the three months ended in Mar. 2024 was € -0.08 Mil. Nordic Fibreboard AS's Interest Expense for the three months ended in Mar. 2024 was € -0.05 Mil. Nordic Fibreboard AS did not have earnings to cover the interest expense. 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.

Nordic Fibreboard AS Interest Expense Historical Data

The historical data trend for Nordic Fibreboard AS'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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Nordic Fibreboard AS Interest Expense Chart

Nordic Fibreboard AS Annual Data

Trend

Dec14

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Interest Expense

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-0.21

-0.19

-0.12

-0.13

-0.21

Nordic Fibreboard AS Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.05	-0.05	-0.06	-0.06	-0.05

Nordic Fibreboard AS 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 €-0.22 Mil.

Nordic Fibreboard AS (OTSE:SKN1T) 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.

Nordic Fibreboard AS's Interest Expense for the three months ended in Mar. 2024 was €-0.05 Mil. Its Operating Income for the three months ended in Mar. 2024 was €-0.08 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €2.66 Mil.

Nordic Fibreboard AS's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Nordic Fibreboard AS did not have earnings to cover the interest expense.

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

Nordic Fibreboard AS (OTSE:SKN1T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Nordic Fibreboard AS (OTSE:SKN1T) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Rääma 31, Parnu, EST, 80044

Website

https://www.nordicfibreboard.com

Nordic Fibreboard AS is a company operating in the business of fiberboard and furniture products. It operates through the business segments of Fibreboard manufacturing and sale; Furniture retail sale and Real Estate Management. The company generates maximum revenue from the Fibreboard manufacturing and sale segment. Fibreboard manufacturing and sale segment include the manufacture of general construction boards based on softwood fibre boards and interior finishing boards in Parnu and Pussi factories and wholesale of those boards. Geographically, it derives a majority of revenue from the European Union and also has a presence in Russia; Asia; Africa; the Middle East and Other.

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