Raisio Oyj (OHEL:RAIVV) Interest Expense : €-1.6 Mil (TTM As of Mar. 2024)

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What is Raisio Oyj Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Raisio Oyj's interest expense for the three months ended in Mar. 2024 was € -0.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-1.6 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. Raisio Oyj's Operating Income for the three months ended in Mar. 2024 was € 3.6 Mil. Raisio Oyj's Interest Expense for the three months ended in Mar. 2024 was € -0.3 Mil. Raisio Oyj's Interest Coverage for the quarter that ended in Mar. 2024 was 12.00. 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.

Raisio Oyj Interest Expense Historical Data

The historical data trend for Raisio 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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Raisio Oyj Interest Expense Chart

Raisio Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.50

-0.40

-0.50

-0.90

-1.60

Raisio 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															-0.30	-0.50	-0.30	-0.50	-0.30

Raisio 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 €-1.6 Mil.

Raisio Oyj (OHEL:RAIVV) 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.

Raisio Oyj's Interest Expense for the three months ended in Mar. 2024 was €-0.3 Mil. Its Operating Income for the three months ended in Mar. 2024 was €3.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €0.0 Mil.

Raisio 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	*	3.6	/	-0.3
	=	12.00

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

Raisio Oyj (OHEL:RAIVV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Raisio Oyj (OHEL:RAIVV) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

RAIKV:Finland RATV:Germany

Address

Raisionkaari 55, P.O. Box 101, Raisio, FIN, 21201

Website

https://www.raisio.com

Raisio Oyj is engaged in the food processing industry with a focus on healthy. The company's international brand profile includes Benecol and Elovena. The operating segments of the company are healthy food, healthy ingredients, and other operations. The healthy food segment focuses on the company's consumer product businesses and has its operations in Northern Europe, Eastern and Central Europe, and Western Europe. The healthy ingredient segment includes the sale of fish feeds, Benecol product ingredients, and the sale of grain-based foods and their ingredients to industrial and catering companies. Majority of net sales come from Finland, and the healthy food segment contributes the highest net sales.

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