Ambea AB (OSTO:AMBEA) Interest Expense : kr-399 Mil (TTM As of Mar. 2024)

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What is Ambea AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ambea AB's interest expense for the three months ended in Mar. 2024 was kr -116 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-399 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. Ambea AB's Operating Income for the three months ended in Mar. 2024 was kr 256 Mil. Ambea AB's Interest Expense for the three months ended in Mar. 2024 was kr -116 Mil. Ambea AB's Interest Coverage for the quarter that ended in Mar. 2024 was 2.21. 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.

Ambea AB Interest Expense Historical Data

The historical data trend for Ambea 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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Ambea AB Interest Expense Chart

Ambea AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-219.00

-223.00

-266.00

-320.00

-389.00

Ambea 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															-102.00	-108.00	-99.00	-76.00	-116.00

Ambea 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-399 Mil.

Ambea AB (OSTO:AMBEA) 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.

Ambea AB's Interest Expense for the three months ended in Mar. 2024 was kr-116 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr256 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr9,392 Mil.

Ambea 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	*	256	/	-116
	=	2.21

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. Ambea AB interest coverage is 2.62, which is low.

Ambea AB (OSTO:AMBEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Ambea AB (OSTO:AMBEA) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

0RNX:UK 6MA:Germany

Address

Evenemangsgatan 21, 6 tr, Box 1565, Solna, Stockholm, SWE, SE-171 29

Website

https://www.ambea.se

Ambea AB is a provider of care in Sweden focused on disabled and elderly residential care in its own management units. The company's segment includes Nytida, Vardaga, Stendi, Altiden, and Klara. The Vardaga segment provides elderly care. The Nytida segment offers disability care. The Stendi segment comprises support for children and young people, personal assistance, residential care facilities, elderly care, and home care in Norway. The Altiden segment comprises operations in elderly care and home care; The Klara segment engages in staffing such as temporary doctors, nurses, and other care workers.

Ambea AB (OSTO:AMBEA) Headlines

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