Ferronordic AB (OSTO:FNM) Interest Expense : kr-72 Mil (TTM As of Mar. 2024)

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What is Ferronordic AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ferronordic AB's interest expense for the three months ended in Mar. 2024 was kr -30 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-72 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. Ferronordic AB's Operating Income for the three months ended in Mar. 2024 was kr 12 Mil. Ferronordic AB's Interest Expense for the three months ended in Mar. 2024 was kr -30 Mil. Ferronordic AB's Interest Coverage for the quarter that ended in Mar. 2024 was 0.40. 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.

Ferronordic AB Interest Expense Historical Data

The historical data trend for Ferronordic 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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Ferronordic AB Interest Expense Chart

Ferronordic AB Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

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Dec23

Interest Expense

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-52.36

-59.00

-14.00

-48.00

Ferronordic 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															-7.00	-8.00	-11.00	-23.00	-30.00

Ferronordic 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-72 Mil.

Ferronordic AB (OSTO:FNM) 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.

Ferronordic AB's Interest Expense for the three months ended in Mar. 2024 was kr-30 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr12 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr663 Mil.

Ferronordic 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	*	12	/	-30
	=	0.40

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

Ferronordic AB (OSTO:FNM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Ferronordic AB (OSTO:FNM) » Definitions » Interest Expense

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Traded in Other Exchanges

AA4:Germany

Address

Nybrogatan 6, Stockholm, SWE, SE114 34

Website

https://www.ferronordic.com

Ferronordic AB is engaged in sales, rents, and services of construction equipment and other machinery. The company is authorized dealer of Volvo Construction Equipment, Terex Trucks, Dressta, Mecalac and Rottne and also appointed as aftermarket dealer for Volvo and Renault Trucks and dealer for Volvo Penta. The Group has two reporting segments: Germany and CIS (the Commonwealth of Independent States). The Germany segment comprises comprises of sales of new and used trucks, aftermarket sales, rental, and other services in Germany. CIS comprises of sales of new and used construction and other equipment, aftermarket sales, rental, contracting services and other services in CIS and currently only in Kazakhstan.

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