Litgrid AB (OVSE:LGD1L) Interest Expense : €-0.4 Mil (TTM As of Mar. 2024)

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What is Litgrid AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Litgrid AB's interest expense for the three months ended in Mar. 2024 was € -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-0.4 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. Litgrid AB's Operating Income for the three months ended in Mar. 2024 was € 23.4 Mil. Litgrid AB's Interest Expense for the three months ended in Mar. 2024 was € -0.1 Mil. Litgrid AB's Interest Coverage for the quarter that ended in Mar. 2024 was 231.35. 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.

Litgrid AB Interest Expense Historical Data

The historical data trend for Litgrid 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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Litgrid AB Interest Expense Chart

Litgrid AB Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-1.12

-0.96

-0.75

-0.95

-0.42

Litgrid 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															-0.13	-0.12	-0.11	-0.07	-0.10

Litgrid 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 €-0.4 Mil.

Litgrid AB (OVSE:LGD1L) 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.

Litgrid AB's Interest Expense for the three months ended in Mar. 2024 was €-0.1 Mil. Its Operating Income for the three months ended in Mar. 2024 was €23.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €33.1 Mil.

Litgrid 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	*	23.366	/	-0.101
	=	231.35

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

Litgrid AB (OVSE:LGD1L) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Litgrid AB (OVSE:LGD1L) » Definitions » Interest Expense

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Address

Karlo Gustavo Emilio Manerheimo street 8, Vilnius, LTU, LT-05131

Website

https://www.litgrid.eu

Litgrid AB is an operator of an electricity transmission system operating electricity transmissions in Lithuania. It is responsible for integrating the national power system into the European power infrastructure and electricity market. The business activity of the group functions under various segments namely Electricity transmission and related services activities, and Other income. Geographically, the business presence of the firm is seen in the regions of Lithuania, Norway, Sweden, Latvia, Estonia and others of which the Lithuania region accounts for the majority of the revenue.

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