Scandi Standard AB (OSTO:SCST) Interest Expense : kr-147 Mil (TTM As of Mar. 2024)

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What is Scandi Standard AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Scandi Standard AB's interest expense for the three months ended in Mar. 2024 was kr -35 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-147 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. Scandi Standard AB's Operating Income for the three months ended in Mar. 2024 was kr 121 Mil. Scandi Standard AB's Interest Expense for the three months ended in Mar. 2024 was kr -35 Mil. Scandi Standard AB's Interest Coverage for the quarter that ended in Mar. 2024 was 3.46. 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.

Scandi Standard AB Interest Expense Historical Data

The historical data trend for Scandi Standard 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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Scandi Standard AB Interest Expense Chart

Scandi Standard AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-80.00

-69.00

-57.00

-84.00

-144.00

Scandi Standard 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															-33.00	-34.00	-32.00	-46.00	-35.00

Scandi Standard 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-147 Mil.

Scandi Standard AB (OSTO:SCST) 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.

Scandi Standard AB's Interest Expense for the three months ended in Mar. 2024 was kr-35 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr121 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr1,647 Mil.

Scandi Standard 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	*	121	/	-35
	=	3.46

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

Scandi Standard AB (OSTO:SCST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Scandi Standard AB (OSTO:SCST) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

0SL:Germany

Address

Strandbergsgatan 55, P.O.Box 30174, Stockholm, SWE, SE-104 25

Website

https://www.scandistandard.com

Scandi Standard AB is a food company. It supplies chicken and chicken-based products in the Nordic region and Ireland. It markets and sells its products under Kronfagel, Danpo, Den Stolte Hane, Naapurin Maalaiskana, and Manor Farm brand names. The company has operations in Sweden, Denmark, Norway, Ireland, and Finland. It generates the majority of its revenue from Sweden.

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