Lear (LEA) Interest Expense : $-101 Mil (TTM As of Dec. 2023)

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What is Lear Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lear's interest expense for the three months ended in Dec. 2023 was $ -25 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-101 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. Lear's Operating Income for the three months ended in Dec. 2023 was $ 218 Mil. Lear's Interest Expense for the three months ended in Dec. 2023 was $ -25 Mil. Lear's Interest Coverage for the quarter that ended in Dec. 2023 was 8.70. 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.

Lear Interest Expense Historical Data

The historical data trend for Lear'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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Lear Interest Expense Chart

Lear Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-92.00

-99.60

-91.80

-98.60

-101.10

Lear 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															-24.00	-24.20	-26.20	-25.70	-25.00

Lear 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 $-101 Mil.

Lear (NYSE:LEA) 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.

Lear's Interest Expense for the three months ended in Dec. 2023 was $-25 Mil. Its Operating Income for the three months ended in Dec. 2023 was $218 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $2,743 Mil.

Lear'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	*	217.5	/	-25
	=	8.70

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

Lear (LEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Lear Corp (NYSE:LEA) » Definitions » Interest Expense

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Traded in Other Exchanges

LE6N:Germany

Address

21557 Telegraph Road, Southfield, MI, USA, 48033

Website

https://www.lear.com

Lear designs, develops, and manufactures automotive seating and electrical systems and components. Seating components include frames and mechanisms, covers (leather and woven fabric), seat heating and cooling, foam, and headrests. Automotive electrical distribution and connection systems and electronic systems include wiring harnesses, terminals and connectors, on-board battery chargers, high-voltage battery management systems, high-voltage power distribution systems, domain controllers, telematics control units, gateway modules, vehicle positioning for automated and autonomous driving, embedded control software, cloud and mobile device software and services, and cybersecurity. Lear's largest customer and regional market is GM and North America at 20% and 44% of 2022 revenue, respectively.

Executives

Raymond E Scott	director, officer: President & CEO
Carl A. Esposito	officer: SVP & President, E-Systems	21557 TELEGRAPH ROAD, SOUTHFIELD MI 48033
Jason M Cardew	officer: SVP & CFO	21557 TELEGRAPH ROAD, SOUTHFIELD MI 48033
Frank C Orsini	officer: EVP & President, Seating	21557 TELEGRAPH ROAD, SOUTHFIELD MI 48033
Mallett Conrad L Jr	director
Greg C Smith	director	FORD MOTOR COMPANY, 21175 OAKWOOD BLVD, DEARBORN MI 48124
Marianne Vidershain	officer: VP, Treasurer	21557 TELEGRAPH ROAD, SOUTHFIELD MI 48033
Jonathan F Foster	director	777 THIRD AVE, 30TH FL, NEW YORK NY 10017
Thomas A Didonato	officer: SVP & CAO	AMERICAN EAGLE OUTFITTERS, INC., 150 THORN HILL DRIVE, WARRENDALE PA 15095
Alicia J. Davis	officer: SVP, Corp Dev & Inv Relations	21557 TELEGRAPH ROAD, SOUTHFIELD MI 48033
Roger A Krone	director
Patricia L Lewis	director	C/O UNITEDHEALTH GROUP, 9900 BREN ROAD EAST, MN008-T502, MINNETONKA MN 55343
Bradley M Halverson	director	100 N.E. ADAMS STREET, PEORIA IL 61629
Shari L Burgess	officer: VP & Treasurer
Harry Albert Kemp	officer: SVP, Gen Counsel & Corp Sec	21557 TELEGRAPH ROAD, SOUTHFIELD MI 48033