Heidelberg Materials AG (XTER:HEI) Interest Expense : €-219 Mil (TTM As of Dec. 2023)

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What is Heidelberg Materials AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Heidelberg Materials AG's interest expense for the six months ended in Dec. 2023 was € -122 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-219 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. Heidelberg Materials AG's Operating Income for the six months ended in Dec. 2023 was € 1,621 Mil. Heidelberg Materials AG's Interest Expense for the six months ended in Dec. 2023 was € -122 Mil. Heidelberg Materials AG's Interest Coverage for the quarter that ended in Dec. 2023 was 13.24. 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.

Heidelberg Materials AG Interest Expense Historical Data

The historical data trend for Heidelberg Materials AG'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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Heidelberg Materials AG Interest Expense Chart

Heidelberg Materials AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-361.50

-278.10

-229.20

-151.20

-218.70

Heidelberg Materials AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-129.00	-75.90	-75.30	-96.30	-122.40

Heidelberg Materials AG 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 semi-annually data reported by the company within the most recent 12 months, which was €-219 Mil.

Heidelberg Materials AG (XTER:HEI) 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.

Heidelberg Materials AG's Interest Expense for the six months ended in Dec. 2023 was €-122 Mil. Its Operating Income for the six months ended in Dec. 2023 was €1,621 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €6,330 Mil.

Heidelberg Materials AG'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	*	1620.5	/	-122.4
	=	13.24

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

Heidelberg Materials AG (XTER:HEI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Heidelberg Materials AG (XTER:HEI) » Definitions » Interest Expense

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Traded in Other Exchanges

HLBZF:USA HDELY:USA HEI:Italy HEId:UK 0MG2:UK HEIU:Germany HEI:Germany HEI:Germany HEIU:Germany HEI:Germany

Address

Berliner Strasse 6, Heidelberg, BW, DEU, 69120

Website

https://www.heidelbergmaterials.com/en

Heidelberg Materials is one of the world's largest building materials companies, with operations in 60 countries. Its core activities include the production of cement and aggregates, which are used to construct houses, infrastructure, and commercial facilities. The sale of cement and aggregates accounts for the majority of group revenue and profits. North America is the company's largest market, contributing 29% of EBITDA, followed by Western and Southern Europe, contributing 21%. Heidelberg Materials is listed in Germany and has 55,000 employees.

Executives

Ludwig Merckle	Supervisory Board
René Aldach	Board of Directors
Dennis Lentz	Board of Directors
Ernest Jelito	Board of Directors
Christopher Ward	Board of Directors
Kevin Gluskie	Board of Directors
Dr. Dominik Von Achten	Board of Directors