ABAS Protect AB (XSAT:ABAS) Interest Expense : kr-2.0 Mil (TTM As of Mar. 2024)

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What is ABAS Protect AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ABAS Protect AB's interest expense for the three months ended in Mar. 2024 was kr -0.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-2.0 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. ABAS Protect AB's Operating Income for the three months ended in Mar. 2024 was kr 0.9 Mil. ABAS Protect AB's Interest Expense for the three months ended in Mar. 2024 was kr -0.4 Mil. ABAS Protect AB's Interest Coverage for the quarter that ended in Mar. 2024 was 2.40. 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.

ABAS Protect AB Interest Expense Historical Data

The historical data trend for ABAS Protect 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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ABAS Protect AB Interest Expense Chart

ABAS Protect AB Annual Data

Trend

Nov19

Nov20

Nov21

Dec22

Dec23

Interest Expense

-0.48

-0.42

-0.27

-1.10

-1.90

ABAS Protect AB Quarterly Data
	Nov19	Nov20	Nov21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial						-0.33	-0.55	-0.45	-0.58	-0.39

ABAS Protect 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-2.0 Mil.

ABAS Protect AB (XSAT:ABAS) 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.

ABAS Protect AB's Interest Expense for the three months ended in Mar. 2024 was kr-0.4 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr0.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr24.2 Mil.

ABAS Protect 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	*	0.939	/	-0.392
	=	2.40

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

ABAS Protect AB (XSAT:ABAS) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Gislavedsvagen 3, Ambjornarp, SWE, SE-514 93

Website

https://www.abas.se

ABAS Protect AB is a privately owned family business that specializes in manufacturing area protection. It serves the Swedish market with safety products. Its product offerings comprise Gates, Fence, Booms & Bollards, Home & Villa gates, and fences, Preschool & children's cottage gates and fences, and Other products.

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