TMRAF (Tomra Systems ASA) Interest Expense : $-27 Mil (TTM As of Dec. 2024)

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What is Tomra Systems ASA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tomra Systems ASA's interest expense for the three months ended in Dec. 2024 was $ -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was $-27 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. Tomra Systems ASA's Operating Income for the three months ended in Dec. 2024 was $ 71 Mil. Tomra Systems ASA's Interest Expense for the three months ended in Dec. 2024 was $ -2 Mil. Tomra Systems ASA's Interest Coverage for the quarter that ended in Dec. 2024 was 34.00. 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.

Tomra Systems ASA Interest Expense Historical Data

The historical data trend for Tomra Systems ASA'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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Tomra Systems ASA Interest Expense Chart

Tomra Systems ASA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-6.32

-6.03

-7.39

-17.01

-23.25

Tomra Systems ASA 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															-4.36	-7.26	-6.46	-11.10	-2.09

Tomra Systems ASA 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 $-27 Mil.

Tomra Systems ASA (OTCPK:TMRAF) 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.

Tomra Systems ASA's Interest Expense for the three months ended in Dec. 2024 was $-2 Mil. Its Operating Income for the three months ended in Dec. 2024 was $71 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was $458 Mil.

Tomra Systems ASA'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	*	71.204	/	-2.094
	=	34.00

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

Tomra Systems ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Tomra Systems ASA (OTCPK:TMRAF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

TMRAY:USA TOMo:Sweden TOM:Norway TOMo:UK 0KV7:UK TMRA:Germany

Address

Drengsrudhagen 2, Asker, NOR, 1385

Website

https://www.tomra.com

Tomra Systems ASA provides sorting and recycling solutions to equip customers for handling waste. The company creates and delivers sensor-based solutions that contribute to optimal resource productivity, in packaging, collection, compaction, recycling, ore sorting, and food production. It provides reverse vending machines, sensor-based sorting machines integrated post-harvest solutions, sensors for waste sorting applications, and other related products and solutions. The company's operating segments are; TOMRA Collection which generates key revenue, TOMRA Recycling, TOMRA Horizon, and TOMRA Food. Geographically, the company generates maximum revenue from Europe (excluding Northern Europe), followed by Northern Europe, America, Asia, and Oceania.