Eaton (ETN) Interest Expense : $-152 Mil (TTM As of Dec. 2023)

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What is Eaton Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Eaton's interest expense for the three months ended in Dec. 2023 was $ -27 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-152 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. Eaton's Operating Income for the three months ended in Dec. 2023 was $ 1,078 Mil. Eaton's Interest Expense for the three months ended in Dec. 2023 was $ -27 Mil. Eaton's Interest Coverage for the quarter that ended in Dec. 2023 was 39.93. 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.

Eaton Interest Expense Historical Data

The historical data trend for Eaton'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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Eaton Interest Expense Chart

Eaton Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-199.00

-149.00

-144.00

-151.00

Eaton Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-44.00	-50.00	-42.00	-33.00	-27.00

Eaton 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-152 Mil.

Eaton (NYSE:ETN) 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.

Eaton's Interest Expense for the three months ended in Dec. 2023 was $-27 Mil. Its Operating Income for the three months ended in Dec. 2023 was $1,078 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $8,777 Mil.

Eaton's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	1078	/	-27
	=	39.93

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

Eaton (ETN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Eaton Corp PLC (NYSE:ETN) » Definitions » Interest Expense

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Traded in Other Exchanges

ETN1:Mexico 3EC:Germany 3EC:Germany E1TN34:Brazil

Address

30 Pembroke Road, Eaton House, Dublin, IRL, D04 Y0C2

Website

https://www.eaton.com

Eaton is a diversified power management company operating for over 100 years. The company operates through various segments, including electrical Americas, electrical global, aerospace, vehicle, and eMobility. Eaton's portfolio can broadly be divided into two halves. One part of its portfolio is housed under its industrial sector umbrella, which serves a large variety of end markets like commercial vehicles, general aviation, and trucks. The other portion is Eaton's electrical sector portfolio, which serves data centers, utilities, and the residential end market, among others. While the company receives favorable tax treatment with its Ireland domicile, most of its operations are in the U.S.

Executives

Sternadt Paulo Ruiz	officer: See remarks below	1000 EATON BLVD., CLEVELAND OH 44122
Thomas B Okray	officer: See Remarks below.	5008 AIRPORT ROAD NW, ROANOKE VA 24012
Szmagala Taras G. Jr.	officer: See remarks below	C/O EATON CORPORATION PLC, 1000 EATON BOULEVARD, CLEVELAND OH 44122
Craig Arnold	director, officer: See Remarks below.	EATON CENTER, 1111 SUPERIOR AVENUE, CLEVELAND OH 44114
Peter Denk	officer: See remarks below	C/O EATON CORPORATION PLC, 1000 EATON BLVD., CLEVELAND OH 44122
Heath B. Monesmith	officer: See Remarks below.	600 TRAVIS, SUITE 5600, HOUSTON TX 77002
Nandakumar Cheruvatath	officer: See Remarks below	1000EATON BLVD., CLEVELAND OH 44122
Michael Yelton	officer: See remarks below	C/O EATON CORPORATION PLC, 1000 EATON BLVD., CLEVELAND OH 44122
Joao V Faria	officer: See Remarks below.	1000 EATON BLVD., CLEVELAND OH 44122
Brian S Brickhouse	officer: See Remarks below.	1000 EATON BLVD., CLEVELAND OH 44122
Daniel Roy Hopgood	officer: See Remarks below.	2135 WEST MAPLE ROAD, TROY MI 48084-7186
Deborah L Mccoy	director	CONTINENTAL AIRLINES INC., 1600 SMITH ST. HQS FL, HOUSTON TX 77002
Boise April Miller	officer: See Remarks below.	C/O INTEL CORPORATION, 2200 MISSION COLLEGE BLVD, SANTA CLARA CA 95054
Christopher M Connor	director	THE SHERWIN WILLIAMS CO, 101 W. PROSPECT AVENUE, CLEVELAND OH 44115-1027
Dorothy C Thompson	director	1000 EATON BLVD., CLEVELAND OH 44122