AB Akola Group (OVSE:AKO1L) Interest Expense : €-21 Mil (TTM As of Mar. 2024)

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What is AB Akola Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AB Akola Group's interest expense for the three months ended in Mar. 2024 was € -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-21 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. AB Akola Group's Operating Income for the three months ended in Mar. 2024 was € 1 Mil. AB Akola Group's Interest Expense for the three months ended in Mar. 2024 was € -6 Mil. AB Akola Group's Interest Coverage for the quarter that ended in Mar. 2024 was 0.11. 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.

AB Akola Group Interest Expense Historical Data

The historical data trend for AB Akola Group'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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AB Akola Group Interest Expense Chart

AB Akola Group Annual Data

Trend

Jun14

Jun15

Jun16

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Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-3.59

-3.71

-3.50

-11.19

-16.51

AB Akola Group 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															-5.36	-2.14	-6.35	-6.03	-6.43

AB Akola Group 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 €-21 Mil.

AB Akola Group (OVSE:AKO1L) 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.

AB Akola Group's Interest Expense for the three months ended in Mar. 2024 was €-6 Mil. Its Operating Income for the three months ended in Mar. 2024 was €1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €110 Mil.

AB Akola Group'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	*	0.701	/	-6.433
	=	0.11

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. AB Akola Group interest coverage is 1.38, which is low.

AB Akola Group (OVSE:AKO1L) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » AB Akola Group (OVSE:AKO1L) » Definitions » Interest Expense

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YG4:Germany

Address

Subacius Street 5, Vilnius, LTU, LT-01302

Website

https://www.linasagrogroup.lt

AB Akola Group formerly Linas Agro Group AB is an agribusiness company. The business activities of the group are divided into five operating segments namely Grain, oilseed and feed, Products and Services for Farming, Agricultural Production, Food products and others. Its products include grain, oilseed, raw feedstuffs, milk, poultry, and other products and services. The company earns maximum revenue from Grain, oilseed and feed segment. The company Geographically operates in Lithuani, Europe, Scandinavian countries, Africa, Asia, CIS and other.

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