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Ericsson Nikola Tesla dd (ZAG:ERNT) Interest Expense : €-0.2 Mil (TTM As of Mar. 2024)


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What is Ericsson Nikola Tesla dd Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ericsson Nikola Tesla dd's interest expense for the three months ended in Mar. 2024 was € -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-0.2 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. Ericsson Nikola Tesla dd's Operating Income for the three months ended in Mar. 2024 was € 7.4 Mil. Ericsson Nikola Tesla dd's Interest Expense for the three months ended in Mar. 2024 was € -0.1 Mil. Ericsson Nikola Tesla dd's Interest Coverage for the quarter that ended in Mar. 2024 was 66.45. 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.

Ericsson Nikola Tesla dd Interest Expense Historical Data

The historical data trend for Ericsson Nikola Tesla dd'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.

* Premium members only.

Ericsson Nikola Tesla dd Interest Expense Chart

Ericsson Nikola Tesla dd Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.01 -0.20 -0.24 -0.23 -0.20

Ericsson Nikola Tesla dd 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.25 -0.04 -0.04 -0.05 -0.11

Ericsson Nikola Tesla dd 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 €-0.2 Mil.

* 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.

Ericsson Nikola Tesla dd  (ZAG:ERNT) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Ericsson Nikola Tesla dd's Interest Expense for the three months ended in Mar. 2024 was €-0.1 Mil. Its Operating Income for the three months ended in Mar. 2024 was €7.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €13.5 Mil.

Ericsson Nikola Tesla dd'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*7.376/-0.111
=66.45

* 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.

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Ericsson Nikola Tesla dd has enough cash to cover all of its debt. Its financial situation is stable.

Ericsson Nikola Tesla dd (ZAG:ERNT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Ericsson Nikola Tesla dd (ZAG:ERNT) » Definitions » Interest Expense
Comparable Companies
ZAG:HPB ZAG:KRAS ZAG:DLKV ZAG:RIVP ZAG:SAPN ZAG:ARNT ZAG:LPLH ZAG:LKRI ZAG:HT CSCO MSI SHSE:601138 HPE OHEL:NOKIA SZSE:000063 SHSE:688036 OSTO:ERIC B ZBRA TPE:2345 SHSE:600745
Traded in Other Exchanges
N/A
Address
Krapinska 45, PO Box 93, Zagreb, HRV, 10002
Website
https://www.ericsson.com
Ericsson Nikola Tesla dd is a provider of communication products and services and ICT solutions related to healthcare, national and public safety, state administration, transport, utilities, and multimedia communication. The company's activities include marketing and sales, research and development, design of total communication solutions, services in multi-service and mobile networks area, including mobile Internet and complex system integration in all business areas. It operates in four segments Networks, Digital Services, Managed Services, and Others.

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