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Knorr-Bremse AG (XTER:KBX) Interest Expense : €-93 Mil (TTM As of Dec. 2023)


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What is Knorr-Bremse AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Knorr-Bremse AG's interest expense for the three months ended in Dec. 2023 was € -29 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-93 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. Knorr-Bremse AG's Operating Income for the three months ended in Dec. 2023 was € 275 Mil. Knorr-Bremse AG's Interest Expense for the three months ended in Dec. 2023 was € -29 Mil. Knorr-Bremse AG's Interest Coverage for the quarter that ended in Dec. 2023 was 9.40. 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.

Knorr-Bremse AG Interest Expense Historical Data

The historical data trend for Knorr-Bremse 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.

* Premium members only.

Knorr-Bremse AG Interest Expense Chart

Knorr-Bremse AG Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only -50.63 -51.91 -52.61 -47.18 -93.13

Knorr-Bremse AG 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -15.25 -21.50 -20.25 -22.17 -29.22

Knorr-Bremse 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 quarterly data reported by the company within the most recent 12 months, which was €-93 Mil.

* 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.

Knorr-Bremse AG  (XTER:KBX) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Knorr-Bremse AG's Interest Expense for the three months ended in Dec. 2023 was €-29 Mil. Its Operating Income for the three months ended in Dec. 2023 was €275 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was €0 Mil.

Knorr-Bremse 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*274.788/-29.218
=9.40

* 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.

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

Knorr-Bremse AG (XTER:KBX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Knorr-Bremse AG (XTER:KBX) » Definitions » Interest Expense
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Traded in Other Exchanges
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Address
Moosacher Strasse 80, Munich, BY, DEU, 80809
Website
https://www.knorr-bremse.com
Knorr-Bremse AG is engaged in the development, production, marketing, and servicing of Automotive parts. It operates its business activities in two divisions: Rail Vehicle Systems and Commercial Vehicle Systems. Its product portfolio comprises Braking, entrance, and HVAC systems; power electric and control technology; digital solutions; couplers; signal systems; pneumatic braking systems; energy supply and distribution systems; wiper and wash systems; and others. Its geographical segments are Europe/Africa, North America, South America, and Asia-Pacific.
Executives
Frank Markus Weber Board of Directors
Dr. Nicolas Lange Board of Directors
Marc Llistosella Board of Directors
Bernd Spies Board of Directors
Dr. Claudia Mayfeld Board of Directors
Dr. Jürgen Wilder Board of Directors
Dr. Jan Michael Mrosik Board of Directors

Knorr-Bremse AG (XTER:KBX) Headlines

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