Iveco Group NV (MIL:IVG) Interest Expense : €-274 Mil (TTM As of Dec. 2023)

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What is Iveco Group NV Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Iveco Group NV's interest expense for the three months ended in Dec. 2023 was € -77 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-274 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. Iveco Group NV's Operating Income for the three months ended in Dec. 2023 was € 280 Mil. Iveco Group NV's Interest Expense for the three months ended in Dec. 2023 was € -77 Mil. Iveco Group NV's Interest Coverage for the quarter that ended in Dec. 2023 was 3.64. 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.

Iveco Group NV Interest Expense Historical Data

The historical data trend for Iveco Group NV'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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Iveco Group NV Interest Expense Chart

Iveco Group NV Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-103.00

-81.00

-90.00

-172.00

-274.00

Iveco Group NV Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial											-53.00	-66.00	-64.00	-67.00	-77.00

Iveco Group NV 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 €-274 Mil.

Iveco Group NV (MIL:IVG) 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.

Iveco Group NV's Interest Expense for the three months ended in Dec. 2023 was €-77 Mil. Its Operating Income for the three months ended in Dec. 2023 was €280 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was €2,158 Mil.

Iveco Group NV'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	*	280	/	-77
	=	3.64

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

Iveco Group NV (MIL:IVG) Business Description

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IVCGF:USA IVGm:UK R3D:Germany

Address

Via Puglia n. 35, Turin, ITA, 10156

Website

https://www.ivecogroup.com

Iveco Group NV is engaged in the design, production, marketing, sale, servicing, and financing of trucks, commercial vehicles, buses, and specialty vehicles for firefighting, defense, and other uses, as well as combustion engines, alternative propulsion systems, transmissions, and axles. The group has three operating segments: Commercial and Specialty Vehicles, Powertrain and Financial Services. Majority of revenue is generated from Commercial and Specialty Vehicles. Commercial and Specialty Vehicles designs, manufactures and distributes a full range of light, medium, and heavy vehicles for the transportation and distribution of goods; city-buses, commuter buses; quarry and mining equipment. Geographically, majority of revenue is generated from Europe.

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