Strax AB (OSTO:STRAX) Interest Expense : kr-93 Mil (TTM As of Sep. 2023)

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What is Strax AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Strax AB's interest expense for the three months ended in Sep. 2023 was kr -13 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was kr-93 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. Strax AB's Operating Income for the three months ended in Sep. 2023 was kr -138 Mil. Strax AB's Interest Expense for the three months ended in Sep. 2023 was kr -13 Mil. Strax 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.

Strax AB Interest Expense Historical Data

The historical data trend for Strax 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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Strax AB Interest Expense Chart

Strax AB Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-19.59

-33.59

-32.57

-47.39

-75.20

Strax AB Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-13.73	-36.37	-17.61	-25.65	-13.01

Strax 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-93 Mil.

Strax AB (OSTO:STRAX) 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.

Strax AB's Interest Expense for the three months ended in Sep. 2023 was kr-13 Mil. Its Operating Income for the three months ended in Sep. 2023 was kr-138 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was kr6 Mil.

Strax AB's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

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

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

Strax AB (OSTO:STRAX) Business Description

Industry

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NOBC:Germany

Address

Master Samuelsgatan 10, Stockholm, SWE, 111 44

Website

https://www.strax.com

Strax AB is specialized in accessories that empower mobile lifestyles. Its portfolio of branded accessories covers all major mobile accessory categories: Protection, Power, Connectivity, as well as Personal Audio. Its Health & Wellness category offers branded Personal Protection products. Its distribution business reaches a broad customer base, through 70 000 brick and mortar stores around the globe, as well as through online marketplaces and direct-to-consumers. The company's wholly-owned brands include Urbanista, Clckr, Richmond & Finch, Planet Buddies, xqisit, AVO+, Dottir and grell, and licensed brands include adidas, Bugatti, Diesel, Superdry and WeSC. The firm's distribution business also services over 40 other major mobile accessory brands.

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