Sandvik AB (Sandvik AB) Interest Expense : $-321 Mil (TTM As of Mar. 2024)

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What is Sandvik AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sandvik AB's interest expense for the three months ended in Mar. 2024 was $ -66 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-321 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. Sandvik AB's Operating Income for the three months ended in Mar. 2024 was $ 211 Mil. Sandvik AB's Interest Expense for the three months ended in Mar. 2024 was $ -66 Mil. Sandvik AB's Interest Coverage for the quarter that ended in Mar. 2024 was 3.22. 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.

Sandvik AB Interest Expense Historical Data

The historical data trend for Sandvik 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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Sandvik AB Interest Expense Chart

Sandvik AB Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-148.96

-119.69

-92.30

-158.03

-255.62

Sandvik AB 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															-65.86	-96.39	-82.09	-77.31	-65.51

Sandvik 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 $-321 Mil.

Sandvik AB (OTCPK:SDVKY) 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.

Sandvik AB's Interest Expense for the three months ended in Mar. 2024 was $-66 Mil. Its Operating Income for the three months ended in Mar. 2024 was $211 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $3,358 Mil.

Sandvik 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	*	210.733	/	-65.506
	=	3.22

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

Sandvik AB (Sandvik AB) Business Description

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Traded in Other Exchanges

SDVKF:USA SAND:Sweden SAND:Mexico SANDs:UK 0HC0:UK SVKB:Germany

Address

Kungsbron 1, Section G, Floor 6, Stockholm, SWE, 111 22

Website

https://www.sandvik.com

Sandvik is a manufacturer of specialized tools and mining equipment used predominantly by global mining, engineering, and automotive customers. The company's core operations are in metal cutting and mining equipment. The company has a well-documented history, having been founded in 1862 and listed on the Nordic Exchange in Stockholm in 1901.Europe is the largest contributor to group sales at 27%, followed by North America 25%, Asia 19%, Australia 12%, Africa/Middle East 11%, and South America 6%.