Volvo Car AB (OSTO:VOLCAR B) Interest Expense : kr-1,364 Mil (TTM As of Mar. 2024)

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What is Volvo Car AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Volvo Car AB's interest expense for the three months ended in Mar. 2024 was kr -444 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-1,364 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. Volvo Car AB's Operating Income for the three months ended in Mar. 2024 was kr 6,795 Mil. Volvo Car AB's Interest Expense for the three months ended in Mar. 2024 was kr -444 Mil. Volvo Car AB's Interest Coverage for the quarter that ended in Mar. 2024 was 15.30. 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.

Volvo Car AB Interest Expense Historical Data

The historical data trend for Volvo Car 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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Volvo Car AB Interest Expense Chart

Volvo Car AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1,443.00

-1,375.00

-1,215.00

-1,072.00

-1,120.00

Volvo Car AB Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial												-200.00	-192.00	-190.00	-538.00	-444.00

Volvo Car 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-1,364 Mil.

Volvo Car AB (OSTO:VOLCAR 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.

Volvo Car AB's Interest Expense for the three months ended in Mar. 2024 was kr-444 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr6,795 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr22,509 Mil.

Volvo Car 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	*	6795	/	-444
	=	15.30

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

Volvo Car AB (OSTO:VOLCAR B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Volvo Car AB (OSTO:VOLCAR B) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

VLVCY:USA VLVOF:USA VOLCBs:UK 8JO:Germany

Address

VAK Building, Gunnar Engellaus Vag, Gothenburg, SWE, 405 31

Website

https://www.volvocars.com

Volvo Car AB manufactures, designs, and supplies automobiles. The company offers a wide range of cars. Geographically, it derives a majority of its revenue from China and also has a presence in the US; Sweden; Germany; United Kingdom; Japan, and South Korea. It generates maximum revenue from the sale of new cars.

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