VEON (VEON) Interest Expense : $-224 Mil (TTM As of Sep. 2024)

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What is VEON Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. VEON's interest expense for the three months ended in Sep. 2024 was $ 0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-224 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. VEON's Operating Income for the three months ended in Sep. 2024 was $ 0 Mil. VEON's Interest Expense for the three months ended in Sep. 2024 was $ 0 Mil. VEON has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

VEON Interest Expense Historical Data

The historical data trend for VEON'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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VEON Interest Expense Chart

VEON Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-876.00

-569.00

-591.00

-583.00

-531.00

VEON Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22	Dec22	Jun23	Sep23	Dec23	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-140.00	-	-107.00	-117.00	-

VEON 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-224 Mil.

VEON (NAS:VEON) 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.

VEON's Interest Expense for the three months ended in Sep. 2024 was $0 Mil. Its Operating Income for the three months ended in Sep. 2024 was $0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $0 Mil.

VEON's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

VEON had no long-term debt ⁽¹⁾.

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. VEON Ltd interest coverage is 2.23, which is low.

VEON Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » VEON Ltd (NAS:VEON) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Claude Debussylaan 88, Amsterdam, NLD, 1082 MD

Website

https://www.veon.com

VEON Ltd is a global provider of connectivity and internet services. The company provides its customers with voice, fixed broadband, data, and digital services. Currently, the company offers services to customers in the following countries: Pakistan, Ukraine, Kazakhstan, Bangladesh, Uzbekistan, and Kyrgyzstan. The reportable segments currently consist of the following five segments: Pakistan, Ukraine, Kazakhstan, Bangladesh, and Uzbekistan. The company provides services under the Beeline, Kyivstar, banglalink and Jazz brands.