TCM Group A/S (OCSE:TCM) Interest Expense : kr-26 Mil (TTM As of Mar. 2024)

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What is TCM Group A/S Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. TCM Group A/S's interest expense for the three months ended in Mar. 2024 was kr -9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-26 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. TCM Group A/S's Operating Income for the three months ended in Mar. 2024 was kr 16 Mil. TCM Group A/S's Interest Expense for the three months ended in Mar. 2024 was kr -9 Mil. TCM Group A/S's Interest Coverage for the quarter that ended in Mar. 2024 was 1.79. 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.

TCM Group A/S Interest Expense Historical Data

The historical data trend for TCM Group A/S'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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TCM Group A/S Interest Expense Chart

TCM Group A/S Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-4.73

-4.27

-3.60

-9.22

-22.44

TCM Group A/S 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															-5.00	-3.80	-5.50	-8.24	-8.90

TCM Group A/S 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-26 Mil.

TCM Group A/S (OCSE:TCM) 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.

TCM Group A/S's Interest Expense for the three months ended in Mar. 2024 was kr-9 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr16 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr266 Mil.

TCM Group A/S'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	*	15.9	/	-8.9
	=	1.79

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

TCM Group A/S (OCSE:TCM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » TCM Group A/S (OCSE:TCM) » Definitions » Interest Expense

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Traded in Other Exchanges

TCMc:UK

Address

Skautrupvej 16, Tvis, Holstebro, DNK, 7500

Website

https://www.tcmgroup.dk

TCM Group A/S manufactures and supplies kitchen and furniture products for bathrooms and storage in Denmark and the other Scandinavian countries. Its products include drawers, cabinets, fronts, table tops, handles, and other accessories. It offers its products under the Svane Kokkenet, Tvis Kokkener, Nettoline, and kitchen brands. The company also sells private label products through Do-It-Yourself and kitchen specialty stores in Denmark and Norway. The group sells its products in Denmark and other countries, of which a majority of the revenue is derived from Denmark.

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