Betsson AB (OSTO:BETS B) Interest Expense : kr-161 Mil (TTM As of Mar. 2024)

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What is Betsson AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Betsson AB's interest expense for the three months ended in Mar. 2024 was kr -38 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-161 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. Betsson AB's Operating Income for the three months ended in Mar. 2024 was kr 654 Mil. Betsson AB's Interest Expense for the three months ended in Mar. 2024 was kr -38 Mil. Betsson AB's Interest Coverage for the quarter that ended in Mar. 2024 was 17.00. 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.

Betsson AB Interest Expense Historical Data

The historical data trend for Betsson AB'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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Betsson AB Interest Expense Chart

Betsson AB Annual Data

Trend

Dec14

Dec15

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Dec19

Dec20

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Dec23

Interest Expense

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-41.03

-45.44

-45.00

-79.88

-143.37

Betsson AB 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															-23.56	-28.00	-61.52	-33.48	-38.48

Betsson AB 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-161 Mil.

Betsson AB (OSTO:BETS B) 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.

Betsson AB's Interest Expense for the three months ended in Mar. 2024 was kr-38 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr654 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr1,978 Mil.

Betsson AB'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	*	654.101	/	-38.477
	=	17.00

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

Betsson AB (OSTO:BETS B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Betsson AB (OSTO:BETS B) » Definitions » Interest Expense

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V72:Germany

Address

Regeringsgatan 28, Stockholm, SWE, 111 53

Website

https://www.betssonab.com

Betsson AB is a holding company that invests in and manages companies operating in the online gaming industry. The products consist of casino and sports betting. The largest category of the casino is slots, i.e. virtual slot machines, followed by the live casino, which provides the player with a virtual, real-life-like casino experience with table games broadcast live from the game provider's studio. Company's approximately 20 brands include either the entire product portfolio, such as Betsson, Betsafe and Nordicbet, or just one product, such as Racebets (betting on horses) and Jalla Casino (casino). The brands' services are offered through the proprietary platform that manages payments, customer information, accounts, transactions and a range of games on offer.

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