Alimak Group AB (OSTO:ALIG) Interest Expense : kr-305 Mil (TTM As of Mar. 2024)

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What is Alimak Group AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Alimak Group AB's interest expense for the three months ended in Mar. 2024 was kr -227 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-305 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. Alimak Group AB's Operating Income for the three months ended in Mar. 2024 was kr 228 Mil. Alimak Group AB's Interest Expense for the three months ended in Mar. 2024 was kr -227 Mil. Alimak Group AB's Interest Coverage for the quarter that ended in Mar. 2024 was 1.00. 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.

Alimak Group AB Interest Expense Historical Data

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

Alimak Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-57.50

-33.40

-16.00

-55.00

-275.00

Alimak 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															-196.00	-229.00	-163.00	314.00	-227.00

Alimak 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-305 Mil.

Alimak Group AB (OSTO:ALIG) 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.

Alimak Group AB's Interest Expense for the three months ended in Mar. 2024 was kr-227 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr228 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr3,722 Mil.

Alimak 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	*	228	/	-227
	=	1.00

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

Alimak Group AB (OSTO:ALIG) Business Description

Industry

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Traded in Other Exchanges

0R8W:UK 2GP:Germany

Address

Blekholmstorget 30, Stockholm, SWE, SE-111 64

Website

https://www.alimakgroup.com

Alimak Group AB provides vertical access solutions to the permanently and temporarily installed products designed for residential, industrial, commercial and construction applications. The company has five segments, Facade Access, Construction, Height Safety and Productivity solutions, Industrial and Wind. The Group operates in various countries and all operating segments are represented in the geographical regions of Europe, Asia and Australia, South and North America and Other Markets. The Group develops, manufactures, sells and services various solutions with a focus on adding customer value through enhanced safety, higher productivity and improved cost efficiency. The products and solutions are sold under the brands Alimak, Tractel, CoxGomyl, Manntech, Avanti and Scanclimber.

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