Fiskars Oyj (OHEL:FSKRS) Interest Expense : €-23 Mil (TTM As of Mar. 2024)

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What is Fiskars Oyj Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Fiskars Oyj's interest expense for the three months ended in Mar. 2024 was € -4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-23 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. Fiskars Oyj's Operating Income for the three months ended in Mar. 2024 was € 6 Mil. Fiskars Oyj's Interest Expense for the three months ended in Mar. 2024 was € -4 Mil. Fiskars Oyj's Interest Coverage for the quarter that ended in Mar. 2024 was 1.68. 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.

Fiskars Oyj Interest Expense Historical Data

The historical data trend for Fiskars Oyj'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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Fiskars Oyj Interest Expense Chart

Fiskars Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-4.20

-5.30

-9.70

-10.20

-27.50

Fiskars Oyj 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															-3.60	-7.10	-3.20	-9.30	-3.80

Fiskars Oyj 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 €-23 Mil.

Fiskars Oyj (OHEL:FSKRS) 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.

Fiskars Oyj's Interest Expense for the three months ended in Mar. 2024 was €-4 Mil. Its Operating Income for the three months ended in Mar. 2024 was €6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €445 Mil.

Fiskars Oyj'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	*	6.4	/	-3.8
	=	1.68

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Fiskars Oyj interest coverage is 2.13, which is low.

Fiskars Oyj (OHEL:FSKRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Fiskars Oyj (OHEL:FSKRS) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

FKRAF:USA A8X:Germany

Address

Keilaniementie 10, P.O. Box 91, Espoo, FIN, FI-02151

Website

https://www.fiskarsgroup.com

Fiskars Oyj is a Finnish company that supplies consumer products for home, garden, and outdoor use. The company operates in Europe, the Americas, and the Asia-Pacific region. Fiskar's business areas are functional products, which offer household tools; living products, which offer tabletop and interior decoration products; and outdoor products, which offer gear for recreational and professional use. The major brands of the company include Fiskars, Waterford, Wedgwood, Iittala, Gerber, and Royal Copenhagen. The firm derives the majority of its revenue from sales in Europe and the Americas, with overall sales fairly evenly split between the two. Revenue is also fairly evenly split between the functional products and living products segments, stemming mostly from the Fiskars brand.

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