Lyckegard Group AB (OSTO:LYGRD) Interest Expense : kr-3.4 Mil (TTM As of Mar. 2024)

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What is Lyckegard Group AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lyckegard Group AB's interest expense for the three months ended in Mar. 2024 was kr -0.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-3.4 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. Lyckegard Group AB's Operating Income for the three months ended in Mar. 2024 was kr -11.6 Mil. Lyckegard Group AB's Interest Expense for the three months ended in Mar. 2024 was kr -0.8 Mil. Lyckegard Group AB did not have earnings to cover the interest expense. 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.

Lyckegard Group AB Interest Expense Historical Data

The historical data trend for Lyckegard Group 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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Lyckegard Group AB Interest Expense Chart

Lyckegard Group AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.24

-0.30

-2.62

-3.06

-3.37

Lyckegard Group AB Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial											-0.77	-1.02	-0.82	-0.76	-0.80

Lyckegard Group 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-3.4 Mil.

Lyckegard Group AB (OSTO:LYGRD) 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.

Lyckegard Group AB's Interest Expense for the three months ended in Mar. 2024 was kr-0.8 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr-11.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr13.4 Mil.

Lyckegard Group AB's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Lyckegard Group AB did not have earnings to cover the interest expense.

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

Lyckegard Group AB (OSTO:LYGRD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Lyckegard Group AB (OSTO:LYGRD) » Definitions » Interest Expense

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Traded in Other Exchanges

F55:Germany

Address

Trollebergsvagen, Lund, SWE, 102-28

Website

https://www.lyckegard.com

Lyckegard Group AB is an innovative company that strives towards sustainable agriculture through the reduced use of pesticides and fertilizers. The company develops and sells agricultural mechanical tools for weed control, tillage and sowing. The tools work mechanically, without chemicals, and use innovative methods and new cultivation strategies for more environmentally friendly agriculture. The products can be used by both organic and conventional farmers who want to reduce the use of pesticides and use modern cultivation strategies for increased yields.

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