Scatec ASA (OSL:SCATC) Interest Expense : kr-1,947 Mil (TTM As of Mar. 2024)

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What is Scatec ASA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Scatec ASA's interest expense for the three months ended in Mar. 2024 was kr -685 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-1,947 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. Scatec ASA's Operating Income for the three months ended in Mar. 2024 was kr 581 Mil. Scatec ASA's Interest Expense for the three months ended in Mar. 2024 was kr -685 Mil. Scatec ASA's Interest Coverage for the quarter that ended in Mar. 2024 was 0.85. 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.

Scatec ASA Interest Expense Historical Data

The historical data trend for Scatec 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.

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Scatec ASA Interest Expense Chart

Scatec ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-704.00

-1,131.00

-1,303.00

-1,424.00

-1,727.00

Scatec 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															-466.00	-479.00	-482.00	-301.00	-685.00

Scatec 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-1,947 Mil.

Scatec ASA (OSL:SCATC) 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.

Scatec ASA's Interest Expense for the three months ended in Mar. 2024 was kr-685 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr581 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr24,392 Mil.

Scatec 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	*	581	/	-685
	=	0.85

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

Scatec ASA (OSL:SCATC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Scatec ASA (OSL:SCATC) » Definitions » Interest Expense

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Traded in Other Exchanges

SSOo:Sweden SCATCo:UK 0R3I:UK 66T:Germany

Address

Askekroken 11, Oslo, NOR, NO-0277

Website

https://www.scatec.com

Scatec ASA is an independent solar power producer, delivering an affordable and sustainable source of clean energy worldwide. The business activity functions through Power Production (PP), Services, and Development and Construction (D&C), and Corporate. The PP segment comprises the Kalkbult and Linde plants in South Africa, the ASYV plant in Rwanda, and four plants in the Czech Republic. Its geographical segments are South Africa, Egypt, Malaysia, Honduras, Jordan, Czech Republic, Mozambique, Ukraine, Netherlands, Rwanda and Others.

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