Konecranes Oyj (OHEL:KCR) Interest Expense : €-45 Mil (TTM As of Mar. 2024)

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What is Konecranes Oyj Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Konecranes Oyj's interest expense for the three months ended in Mar. 2024 was € -17 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-45 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. Konecranes Oyj's Operating Income for the three months ended in Mar. 2024 was € 89 Mil. Konecranes Oyj's Interest Expense for the three months ended in Mar. 2024 was € -17 Mil. Konecranes Oyj's Interest Coverage for the quarter that ended in Mar. 2024 was 5.24. 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.

Konecranes Oyj Interest Expense Historical Data

The historical data trend for Konecranes Oyj'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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Konecranes Oyj Interest Expense Chart

Konecranes Oyj Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-21.70

-24.10

-19.00

-26.50

-46.80

Konecranes Oyj 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															-19.00	-31.50	-6.70	10.40	-17.00

Konecranes Oyj 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 €-45 Mil.

Konecranes Oyj (OHEL:KCR) 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.

Konecranes Oyj's Interest Expense for the three months ended in Mar. 2024 was €-17 Mil. Its Operating Income for the three months ended in Mar. 2024 was €89 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €731 Mil.

Konecranes Oyj'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	*	89.1	/	-17
	=	5.24

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

Konecranes Oyj (OHEL:KCR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Konecranes Oyj (OHEL:KCR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

KNCRY:USA KNCRF:USA KCRh:UK 0MET:UK K34:Germany

Address

Koneenkatu 8, P.O. Box 661, Hyvinkaa, FIN, FI-05801

Website

https://www.konecranes.com

Konecranes Oyj provides lifting equipment and services for manufacturing industries, shipyards, ports, and terminals. It offers cranes, material handling solutions, and other components geared toward transporting and organizing supplies. Workstation lifting systems, trucks, and various hoists include advanced technologies to increase control and equipment capabilities. Products are marketed through various brands, and sales offices are in multiple regions. The company's global service network provides a full range of service solutions, specialized maintenance, and modernization services for equipment and tools. Inspections, spare parts, and preventive maintenance programs enhance efficiencies and extend product lifecycles.

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