Lovisagruvan AB (XSAT:LOVI) Interest Expense : kr-1.53 Mil (TTM As of Mar. 2024)

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What is Lovisagruvan AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lovisagruvan AB's interest expense for the three months ended in Mar. 2024 was kr -0.10 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-1.53 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. Lovisagruvan AB's Operating Income for the three months ended in Mar. 2024 was kr -2.50 Mil. Lovisagruvan AB's Interest Expense for the three months ended in Mar. 2024 was kr -0.10 Mil. Lovisagruvan AB 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.

Lovisagruvan AB Interest Expense Historical Data

The historical data trend for Lovisagruvan 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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Lovisagruvan AB Interest Expense Chart

Lovisagruvan AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.12

-0.07

-0.17

-0.42

-1.79

Lovisagruvan AB Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Dec18	Dec19	Sep20	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.20	-1.10	-0.20	-0.13	-0.10

Lovisagruvan 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 kr-1.53 Mil.

Lovisagruvan AB (XSAT:LOVI) 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.

Lovisagruvan AB's Interest Expense for the three months ended in Mar. 2024 was kr-0.10 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr-2.50 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr7.90 Mil.

Lovisagruvan AB's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Lovisagruvan AB did not have earnings to cover the interest expense.

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

Lovisagruvan AB (XSAT:LOVI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lovisagruvan AB (XSAT:LOVI) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Lokevagen 21, Djursholm, SWE, 182 61

Website

http://www.lovisagruvan.se

Lovisagruvan AB is engaged in the mining and prospecting operations in the area of Strassa, Sweden. It operates a deep mine with lead, zinc and silver mineralization in Strassa, Sweden. The company currently has a production rate of approximately 3500 tonnes per month.

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