Peab AB (OSTO:PEAB B) Interest Expense : kr-585 Mil (TTM As of Mar. 2024)

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What is Peab AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Peab AB's interest expense for the three months ended in Mar. 2024 was kr -155 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-585 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. Peab AB's Operating Income for the three months ended in Mar. 2024 was kr -12 Mil. Peab AB's Interest Expense for the three months ended in Mar. 2024 was kr -155 Mil. Peab AB did not have earnings to cover the interest expense. 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.

Peab AB Interest Expense Historical Data

The historical data trend for Peab 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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Peab AB Interest Expense Chart

Peab AB Annual Data

Trend

Dec14

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Dec19

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Dec23

Interest Expense

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-128.00

-132.00

-128.00

-179.00

-518.00

Peab 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															-88.00	-125.00	-198.00	-107.00	-155.00

Peab 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-585 Mil.

Peab AB (OSTO:PEAB B) 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.

Peab AB's Interest Expense for the three months ended in Mar. 2024 was kr-155 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr-12 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr6,908 Mil.

Peab AB's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Peab AB did not have earnings to cover the interest expense.

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

Peab AB (OSTO:PEAB B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Peab AB (OSTO:PEAB B) » Definitions » Interest Expense

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0MHT:UK PEKB:Germany

Address

Margretetorpsvagen 84, Forslov, SWE, SE-269 73

Website

https://www.peab.com

Peab AB is one of the leading Nordic construction and civil engineering companies. It builds offices around the region and contributes to all stages of construction. Many projects are related to housing, transportation, commercial property, and building materials. A network of subcontractors and external suppliers helps plan and build innovative systems for projects. Peab operates in four business areas: construction (roughly half of total revenue), civil engineering, industry, and project development. It uses technical expertise and input from customers to complete projects and deliver customized solutions. The majority of sales come from Sweden, and the company has the capacity to complete smaller local projects as well as more complex construction projects.

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