Preservium Property AB (XSAT:PRESRV) Interest Expense : kr-23.03 Mil (TTM As of Dec. 2023)

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What is Preservium Property AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Preservium Property AB's interest expense for the three months ended in Dec. 2023 was kr -4.81 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was kr-23.03 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. Preservium Property AB's Operating Income for the three months ended in Dec. 2023 was kr 16.30 Mil. Preservium Property AB's Interest Expense for the three months ended in Dec. 2023 was kr -4.81 Mil. Preservium Property AB's Interest Coverage for the quarter that ended in Dec. 2023 was 3.39. 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.

Preservium Property AB Interest Expense Historical Data

The historical data trend for Preservium Property 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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Preservium Property AB Interest Expense Chart

Preservium Property AB Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-4.73

-22.97

-23.03

Preservium Property AB Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial				-4.56	-6.08	-6.08	-6.08	-4.81

Preservium Property 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-23.03 Mil.

Preservium Property AB (XSAT:PRESRV) 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.

Preservium Property AB's Interest Expense for the three months ended in Dec. 2023 was kr-4.81 Mil. Its Operating Income for the three months ended in Dec. 2023 was kr16.30 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was kr1,052.96 Mil.

Preservium Property AB's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	16.296	/	-4.806
	=	3.39

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. Preservium Property AB interest coverage is 2.63, which is low.

Preservium Property AB (XSAT:PRESRV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Preservium Property AB (XSAT:PRESRV) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 7415, Stockholm, SWE

Website

https://www.preserviumproperty.se

Preservium Property AB is an active and long-term property owner who owns and manages archive properties in Sweden. It owns and manages two public archive properties in Taby and Flemingsberg that are led to the State National Archives and the Stockholm Region.

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