Scandinavian Medical Solutions AS (OCSE:SMSMED) Interest Expense : kr-1.1 Mil (TTM As of Mar. 2024)

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What is Scandinavian Medical Solutions AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Scandinavian Medical Solutions AS's interest expense for the six months ended in Mar. 2024 was kr -1.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-1.1 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. Scandinavian Medical Solutions AS's Operating Income for the six months ended in Mar. 2024 was kr 4.6 Mil. Scandinavian Medical Solutions AS's Interest Expense for the six months ended in Mar. 2024 was kr -1.4 Mil. Scandinavian Medical Solutions AS's Interest Coverage for the quarter that ended in Mar. 2024 was 3.26. 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.

Scandinavian Medical Solutions AS Interest Expense Historical Data

The historical data trend for Scandinavian Medical Solutions AS'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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Scandinavian Medical Solutions AS Interest Expense Chart

Scandinavian Medical Solutions AS Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

-0.01

-0.28

-0.54

-0.25

-0.98

Scandinavian Medical Solutions AS Semi-Annual Data
	Sep19	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial				-0.34	0.08	-1.33	0.35	-1.41

Scandinavian Medical Solutions AS 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 semi-annually data reported by the company within the most recent 12 months, which was kr-1.1 Mil.

Scandinavian Medical Solutions AS (OCSE:SMSMED) 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.

Scandinavian Medical Solutions AS's Interest Expense for the six months ended in Mar. 2024 was kr-1.4 Mil. Its Operating Income for the six months ended in Mar. 2024 was kr4.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was kr15.9 Mil.

Scandinavian Medical Solutions AS'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	*	4.596	/	-1.409
	=	3.26

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

Scandinavian Medical Solutions AS (OCSE:SMSMED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Scandinavian Medical Solutions AS (OCSE:SMSMED) » Definitions » Interest Expense

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Traded in Other Exchanges

K41:Germany

Address

Gasvaerksvej 46. 1.Sal, Aalborg, DNK, DK-9000

Website

https://www.scandinavian-medical.com

Scandinavian Medical Solutions AS is engaged in offering pre-owned medical imaging equipment and innovative healthcare solutions. The product portfolio of Cath Lab, X-Ray, MRI, Mammography, Ultrasound, and Mobile X-Ray among others.

Scandinavian Medical Solutions AS (OCSE:SMSMED) Headlines

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