Rizzo Group AB (OSTO:RIZZO B) Interest Expense : kr-47.2 Mil (TTM As of Nov. 2023)

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What is Rizzo Group AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Rizzo Group AB's interest expense for the three months ended in Nov. 2023 was kr -10.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Nov. 2023 was kr-47.2 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. Rizzo Group AB's Operating Income for the three months ended in Nov. 2023 was kr -29.1 Mil. Rizzo Group AB's Interest Expense for the three months ended in Nov. 2023 was kr -10.5 Mil. Rizzo Group 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.

Rizzo Group AB Interest Expense Historical Data

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

Rizzo Group AB Annual Data

Trend

Aug14

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Aug23

Interest Expense

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-5.50

-19.62

-19.64

-25.19

-18.20

Rizzo Group AB Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Interest Expense	Get a 7-Day Free Trial															-17.10	-7.90	-8.40	-20.36	-10.50

Rizzo 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 Nov. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-47.2 Mil.

Rizzo Group AB (OSTO:RIZZO 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.

Rizzo Group AB's Interest Expense for the three months ended in Nov. 2023 was kr-10.5 Mil. Its Operating Income for the three months ended in Nov. 2023 was kr-29.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Nov. 2023 was kr28.6 Mil.

Rizzo Group AB's Interest Coverage for the quarter that ended in Nov. 2023 is calculated as

Rizzo Group AB did not have earnings to cover the interest expense.

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

Rizzo Group AB (OSTO:RIZZO B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Rizzo Group AB (OSTO:RIZZO B) » Definitions » Interest Expense

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Traded in Other Exchanges

8Q2:Germany

Address

Linnegatan 89 C, Stockholm, SWE, 104 50

Website

http://www.rizzogroup.se

Rizzo Group AB retails accessories, travel accessories and footwear products. The company operates through two business areas namely the Rizzo and, Accent and Morris chains. In the accessories business area, the Accent and Morris chains offer a selection of accessories and travel goods. The Rizzo business area, is involved in the manufacture of footwear and accessories.

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