Swedish Orphan Biovitrum AB (Swedish Orphan Biovitrum AB) Interest Expense : $-122 Mil (TTM As of Mar. 2024)

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What is Swedish Orphan Biovitrum AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Swedish Orphan Biovitrum AB's interest expense for the three months ended in Mar. 2024 was $ -32 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-122 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. Swedish Orphan Biovitrum AB's Operating Income for the three months ended in Mar. 2024 was $ 126 Mil. Swedish Orphan Biovitrum AB's Interest Expense for the three months ended in Mar. 2024 was $ -32 Mil. Swedish Orphan Biovitrum AB's Interest Coverage for the quarter that ended in Mar. 2024 was 3.97. 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.

Swedish Orphan Biovitrum AB Interest Expense Historical Data

The historical data trend for Swedish Orphan Biovitrum 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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Swedish Orphan Biovitrum AB Interest Expense Chart

Swedish Orphan Biovitrum AB Annual Data

Trend

Dec14

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Dec16

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Dec22

Dec23

Interest Expense

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-25.55

-54.29

-46.10

-44.13

-108.31

Swedish Orphan Biovitrum 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															-16.23	-12.81	-38.88	-38.61	-31.79

Swedish Orphan Biovitrum 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 $-122 Mil.

Swedish Orphan Biovitrum AB (OTCPK:SWOBY) 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.

Swedish Orphan Biovitrum AB's Interest Expense for the three months ended in Mar. 2024 was $-32 Mil. Its Operating Income for the three months ended in Mar. 2024 was $126 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1,112 Mil.

Swedish Orphan Biovitrum 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	*	126.113	/	-31.792
	=	3.97

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

Swedish Orphan Biovitrum AB (Swedish Orphan Biovitrum AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Swedish Orphan Biovitrum AB (OTCPK:SWOBY) » Definitions » Interest Expense

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BIOVF:USA SOBI:Sweden SOBIs:UK 0MTD:UK B6E:Germany

Address

Tomtebodavagen 23 A, Solna, Stockholm, SWE, SE-112 76

Website

https://www.sobi.com

Swedish Orphan Biovitrum, or Sobi, focuses on rare diseases, primarily in hematology and immunology. Biovitrum started with experience in studying recombinant proteins such as hemophilia factors, and partnered with Syntonix (now part of Sanofi) on long-acting hemophilia factor replacement programs in 2006. Biovitrum acquired Orfadin and a partnered product business with the acquisition of Swedish Orphan. Sobi launched hemophilia products Alprolix and Eloctate in Europe in 2016. Sobi has since been building its immunology pipeline (rare disease drug Gamifant, U.S. rights to RSV antibodies Synagis and Beyfortus, gout drug SEL-212, complement drug Aspaveli) and hematology pipeline outside of hemophilia (thrombocytopenia drug Doptelet, blood cancer drug Zynlonta, myelofibrosis drug Vonjo).