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Corem Property Group AB (LTS:0PT3) Interest Expense : kr-1,387 Mil (TTM As of Mar. 2024)


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What is Corem Property Group AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Corem Property Group AB's interest expense for the three months ended in Mar. 2024 was kr -321 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-1,387 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. Corem Property Group AB's Operating Income for the three months ended in Mar. 2024 was kr 535 Mil. Corem Property Group AB's Interest Expense for the three months ended in Mar. 2024 was kr -321 Mil. Corem Property Group AB's Interest Coverage for the quarter that ended in Mar. 2024 was 1.67. 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.


Corem Property Group AB Interest Expense Historical Data

The historical data trend for Corem Property 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.

* Premium members only.

Corem Property Group AB Interest Expense Chart

Corem Property Group AB Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -296.00 -293.00 -708.00 -1,170.00 -1,477.00

Corem Property Group AB Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 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 -390.00 -354.00 -357.00 -355.00 -321.00

Corem Property 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-1,387 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.


Corem Property Group AB  (LTS:0PT3) 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.

Corem Property Group AB's Interest Expense for the three months ended in Mar. 2024 was kr-321 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr535 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr18,265 Mil.

Corem Property Group 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*535/-321
=1.67

* 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.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Corem Property Group AB interest coverage is 1.8, which is low.


Corem Property Group AB (LTS:0PT3) Business Description

Address
Riddargatan 13 C Vaxel, Box 560 85, Stockholm, SWE, 102 17
Corem Property Group AB is engaged in the acquisition, management, development, and renewal of industrial, storage, logistical and commercial real estates in Sweden and Denmark. Its activities are divided into five geographical regions namely Stockholm, South, West, Smaland, and Malardalen.

Corem Property Group AB (LTS:0PT3) Headlines

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