Safe at Sea AB (XSAT:SAFE) Interest Expense : kr-0.06 Mil (TTM As of Mar. 2024)

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What is Safe at Sea AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Safe at Sea AB's interest expense for the three months ended in Mar. 2024 was kr -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-0.06 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. Safe at Sea AB's Operating Income for the three months ended in Mar. 2024 was kr 0.27 Mil. Safe at Sea AB's Interest Expense for the three months ended in Mar. 2024 was kr -0.01 Mil. Safe at Sea AB's Interest Coverage for the quarter that ended in Mar. 2024 was 54.60. 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.

Safe at Sea AB Interest Expense Historical Data

The historical data trend for Safe at Sea 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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Safe at Sea AB Interest Expense Chart

Safe at Sea AB Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-0.04

-0.01

-0.17

-0.02

-0.06

Safe at Sea AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.03	-0.01	-0.03	-0.03	-0.01

Safe at Sea 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-0.06 Mil.

Safe at Sea AB (XSAT:SAFE) 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.

Safe at Sea AB's Interest Expense for the three months ended in Mar. 2024 was kr-0.01 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr0.27 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr0.00 Mil.

Safe at Sea 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	*	0.273	/	-0.005
	=	54.60

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

Safe at Sea AB (XSAT:SAFE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Safe at Sea AB (XSAT:SAFE) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Importgatan 15F, Hisings Backa, SWE, 442 46

Website

http://www.safeatsea.se

Safe at Sea AB engages in the production, promotion, and sale of sea rescue equipment and systems worldwide. It principally produces Rescuerunner and Guardrunner.