Kauno Energija AB (OVSE:KNR1L) Interest Expense : €-1.50 Mil (TTM As of Mar. 2024)

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What is Kauno Energija AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kauno Energija AB's interest expense for the three months ended in Mar. 2024 was € -0.43 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-1.50 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. Kauno Energija AB's Operating Income for the three months ended in Mar. 2024 was € 8.53 Mil. Kauno Energija AB's Interest Expense for the three months ended in Mar. 2024 was € -0.43 Mil. Kauno Energija AB's Interest Coverage for the quarter that ended in Mar. 2024 was 20.02. 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.

Kauno Energija AB Interest Expense Historical Data

The historical data trend for Kauno Energija 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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Kauno Energija AB Interest Expense Chart

Kauno Energija AB Annual Data

Trend

Dec14

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Dec19

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Dec23

Interest Expense

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-0.48

-0.37

-0.12

-0.30

-1.35

Kauno Energija 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															-0.27	-0.34	-0.32	-0.42	-0.43

Kauno Energija 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 €-1.50 Mil.

Kauno Energija AB (OVSE:KNR1L) 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.

Kauno Energija AB's Interest Expense for the three months ended in Mar. 2024 was €-0.43 Mil. Its Operating Income for the three months ended in Mar. 2024 was €8.53 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €55.86 Mil.

Kauno Energija 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	*	8.527	/	-0.426
	=	20.02

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

Kauno Energija AB (OVSE:KNR1L) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Kauno Energija AB (OVSE:KNR1L) » Definitions » Interest Expense

Traded in Other Exchanges

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Address

Raudondvario Road 84, Kaunas, LTU, 47179

Website

https://www.kaunoenergija.lt

Kauno Energija AB is a company engaged in heat and hot water supplies in the cities of Kaunas and Jurbarkas and in Kaunas district, Lituania. In addition, the company is also involved in electricity generation and distribution. The company carries out supervision of indoor heat and hot water supply systems, repair and maintenance of heat unit equipment, provides rental services premises. It generates a vast majority of its revenues from heat supplies.

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