Ferrari NV (Ferrari NV) Interest Expense : $-30 Mil (TTM As of Dec. 2023)

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What is Ferrari NV Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ferrari NV's interest expense for the three months ended in Dec. 2023 was $ 94 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-30 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. Ferrari NV's Operating Income for the three months ended in Dec. 2023 was $ 388 Mil. Ferrari NV's Interest Expense for the three months ended in Dec. 2023 was $ 94 Mil. Ferrari NV did not have earnings to cover the interest expense. 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.

Ferrari NV Interest Expense Historical Data

The historical data trend for Ferrari 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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Ferrari NV Interest Expense Chart

Ferrari NV Annual Data

Trend

Dec14

Dec15

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Dec19

Dec20

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Dec22

Dec23

Interest Expense

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-53.21

-61.09

-26.75

-27.00

-31.91

Ferrari NV 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															83.78	-41.37	-57.86	-24.94	93.95

Ferrari 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 $-30 Mil.

Ferrari NV (NYSE:RACE) 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.

Ferrari NV's Interest Expense for the three months ended in Dec. 2023 was $94 Mil. Its Operating Income for the three months ended in Dec. 2023 was $388 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $2,701 Mil.

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

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

Ferrari NV (Ferrari NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ferrari NV (NYSE:RACE) » Definitions » Interest Expense

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Traded in Other Exchanges

RACEN:Mexico RACE:Italy RACEm:UK 0RDT:UK 2FE:Germany 2FE:Germany 2FE:Germany 2FE:Germany RACE:Austria

Address

Via Abetone Inferiore n. 4, Maranello, ITA, I-41053

Website

https://www.ferrari.com

Ferrari engineers and manufactures some of the world's most expensive exotic sports cars. The Ferrari brand is synonymous with Formula One racing, exclusivity, Italian design, and state-of-the-art technology. Ferrari also has a captive finance company that provides funding for dealers and clients. In 2022, Europe, Middle East, and Africa accounted for 48% of revenue, the Americas was 28%, China was 12%, and the rest of Asia was 12%.