Syncro Group AB (XSAT:SYNC.TO.3.B) Interest Expense : kr-2.59 Mil (TTM As of Dec. 2023)

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What is Syncro Group AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Syncro Group AB's interest expense for the three months ended in Dec. 2023 was kr -0.58 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was kr-2.59 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. Syncro Group AB's Operating Income for the three months ended in Dec. 2023 was kr -52.55 Mil. Syncro Group AB's Interest Expense for the three months ended in Dec. 2023 was kr -0.58 Mil. Syncro Group 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.

Syncro Group AB Interest Expense Historical Data

The historical data trend for Syncro Group 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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Syncro Group AB Interest Expense Chart

Syncro Group AB Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.08

-1.76

-2.20

-2.59

Syncro Group AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.72	-0.69	-0.61	-0.71	-0.58

Syncro Group 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-2.59 Mil.

Syncro Group AB (XSAT:SYNC.TO.3.B) 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.

Syncro Group AB's Interest Expense for the three months ended in Dec. 2023 was kr-0.58 Mil. Its Operating Income for the three months ended in Dec. 2023 was kr-52.55 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was kr0.00 Mil.

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

Syncro Group AB did not have earnings to cover the interest expense.

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

Syncro Group AB (XSAT:SYNC.TO.3.B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Syncro Group AB (XSAT:SYNC.TO.3.B) » Definitions » Interest Expense

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SYNC B:Sweden 7PF:Germany

Address

Birger Jarlsgatan, Box 168, Stockholm, SWE, 111 73

Website

https://www.gigger.group

Syncro Group AB, formerly Gigger Group AB provides a digital platform for recruitment and freelance purpose. The platform provides payroll management services, human resource management services, and other related services.

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