GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » AKVA Group ASA (OSL:AKVA) » Definitions » Interest Expense

AKVA Group ASA (OSL:AKVA) Interest Expense : kr-94 Mil (TTM As of Mar. 2024)


View and export this data going back to 2006. Start your Free Trial

What is AKVA Group ASA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AKVA Group ASA's interest expense for the three months ended in Mar. 2024 was kr -17 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-94 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. AKVA Group ASA's Operating Income for the three months ended in Mar. 2024 was kr 20 Mil. AKVA Group ASA's Interest Expense for the three months ended in Mar. 2024 was kr -17 Mil. AKVA Group ASA's Interest Coverage for the quarter that ended in Mar. 2024 was 1.16. 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.

AKVA Group ASA Interest Expense Historical Data

The historical data trend for AKVA Group ASA'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.

* Premium members only.

AKVA Group ASA Interest Expense Chart

AKVA Group ASA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -47.21 -46.09 -41.31 -56.15 -95.25

AKVA Group ASA 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -18.74 -20.30 -22.47 -33.73 -17.38

AKVA Group ASA 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-94 Mil.

* 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.

AKVA Group ASA  (OSL:AKVA) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

AKVA Group ASA's Interest Expense for the three months ended in Mar. 2024 was kr-17 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr20 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr1,301 Mil.

AKVA Group ASA'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*20.182/-17.376
=1.16

* 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.

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

AKVA Group ASA (OSL:AKVA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » AKVA Group ASA (OSL:AKVA) » Definitions » Interest Expense
Comparable Companies
BOM:533001 BOM:522650 BOM:504076 BOM:522064 BOM:543230 BOM:539227 BOM:522292 NSE:PENTAGON BOM:505750 NSE:JASH CAT DE PCAR OSTO:VOLV A TSE:6301 TSE:6201 XAMS:EXO OSTO:EPI A SHSE:600031 TSE:6326
Traded in Other Exchanges
3QI:Germany
Address
Svanavågveien 30, Egersund, NOR, N-4374
Website
https://www.akvagroup.com
AKVA Group ASA is a technology and service partner in the aquaculture industry. The company has three operating segments; Sea-Based Technology includes products like feed barges, fish farming cages, feed systems, nets, sensors, cameras, light systems, net cleaning systems, and remotely operating vehicles, Land Based Technology includes Recirculation technology that allows the re-use of the water by cleaning the water and restoring important water quality parameters, using water treatment technology, and Digital includes products like FishtalkTM, AKVAconnect, and Observe. The FishtalkTM software includes brands such as Production control, planning, traceability, and ERP software for both the aquaculture and the fishing industry.

AKVA Group ASA (OSL:AKVA) Headlines

No Headlines