Volkswagen AG (XTER:VOW3) Interest Expense : €-1,977 Mil (TTM As of Dec. 2023)

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What is Volkswagen AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Volkswagen AG's interest expense for the three months ended in Dec. 2023 was € -1,451 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-1,977 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. Volkswagen AG's Operating Income for the three months ended in Dec. 2023 was € 9,442 Mil. Volkswagen AG's Interest Expense for the three months ended in Dec. 2023 was € -1,451 Mil. Volkswagen AG's Interest Coverage for the quarter that ended in Dec. 2023 was 6.51. 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.

Volkswagen AG Interest Expense Historical Data

The historical data trend for Volkswagen 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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Volkswagen AG Interest Expense Chart

Volkswagen AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-2,518.00

-2,268.00

-1,971.00

-1,645.00

-3,590.00

Volkswagen 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															-	-	-502.00	-24.00	-1,451.00

Volkswagen 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 €-1,977 Mil.

Volkswagen AG (XTER:VOW3) 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.

Volkswagen AG's Interest Expense for the three months ended in Dec. 2023 was €-1,451 Mil. Its Operating Income for the three months ended in Dec. 2023 was €9,442 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was €119,085 Mil.

Volkswagen 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	*	9442	/	-1451
	=	6.51

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

Volkswagen AG (XTER:VOW3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Volkswagen AG (XTER:VOW3) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

VWAPY:USA VLKPF:USA VWAGY:USA VLKAF:USA VOW:Poland VOW3N:Mexico VOW3:Italy VOLKSWAGEN:Hungary VOW3d:UK 0P6O:UK 0P6N:UK VOW:Germany VOW:Czech Republic VOW:Austria

Address

Berliner Ring 2, Wolfsburg, NI, DEU, 38440

Website

https://www.volkswagenag.com

Volkswagen is one of the world's largest automotive manufacturers. Automotive brands include Volkswagen passenger cars, Audi, Bentley, Lamborghini, Porsche, SEAT, and Skoda. Commercial vehicle brands include MAN, Navistar, Scania, and Volkswagen. The company's financial services group provides dealer financing to support floor plans, consumer financing for vehicle purchases, vehicle leasing, banking, and other financial services. In 2022, Europe was Volkswagen's largest light vehicle market at 41% of total volume, followed by China at 37%, and rest of world at 22%.

Executives

Oliver Blume

Board of Directors

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