Storskogen Group AB (CHIX:STORCS) Interest Expense : kr-1,053 Mil (TTM As of Mar. 2024)

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What is Storskogen Group AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Storskogen Group AB's interest expense for the three months ended in Mar. 2024 was kr -234 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-1,053 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. Storskogen Group AB's Operating Income for the three months ended in Mar. 2024 was kr 478 Mil. Storskogen Group AB's Interest Expense for the three months ended in Mar. 2024 was kr -234 Mil. Storskogen Group AB's Interest Coverage for the quarter that ended in Mar. 2024 was 2.04. 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.

Storskogen Group AB Interest Expense Historical Data

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

Storskogen Group AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-35.00

-76.00

-253.00

-623.00

-1,005.00

Storskogen Group 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												-203.00	-606.00	-298.00	85.00	-234.00

Storskogen 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-1,053 Mil.

Storskogen Group AB (CHIX:STORCs) 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.

Storskogen Group AB's Interest Expense for the three months ended in Mar. 2024 was kr-234 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr478 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr11,667 Mil.

Storskogen Group 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	*	478	/	-234
	=	2.04

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

Storskogen Group AB (CHIX:STORCS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Storskogen Group AB (CHIX:STORCs) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

STOR B:Sweden 0AA9:UK 0VK:Germany

Address

Hovslagargatan 3, 6th Floor, Stockholm, SWE, 111 48

Website

https://www.storskogen.com

Storskogen Group AB is an international group of businesses. It acquires and manages profitable small and medium-sized businesses with prime positions in their respective markets. It is divided into three business areas, Industry, Services, and Trade, predominantly in Sweden and with an increasing presence in the Nordics, Germany, Switzerland, and the UK.

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