Vitesco Technologies Group AG (XTER:VTSC) Interest Expense : €-58 Mil (TTM As of Dec. 2023)

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What is Vitesco Technologies Group AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vitesco Technologies Group AG's interest expense for the three months ended in Dec. 2023 was € -20 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-58 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. Vitesco Technologies Group AG's Operating Income for the three months ended in Dec. 2023 was € 357 Mil. Vitesco Technologies Group AG's Interest Expense for the three months ended in Dec. 2023 was € -20 Mil. Vitesco Technologies Group AG's Interest Coverage for the quarter that ended in Dec. 2023 was 17.67. 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.

Vitesco Technologies Group AG Interest Expense Historical Data

The historical data trend for Vitesco Technologies Group 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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Vitesco Technologies Group AG Interest Expense Chart

Vitesco Technologies Group AG Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-49.40

-33.70

-28.10

-54.30

-57.50

Vitesco Technologies Group AG Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial												-26.40	-12.40	-10.90	-14.00	-20.20

Vitesco Technologies Group 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 €-58 Mil.

Vitesco Technologies Group AG (XTER:VTSC) 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.

Vitesco Technologies Group AG's Interest Expense for the three months ended in Dec. 2023 was €-20 Mil. Its Operating Income for the three months ended in Dec. 2023 was €357 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was €672 Mil.

Vitesco Technologies Group 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	*	356.9	/	-20.2
	=	17.67

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

Vitesco Technologies Group AG (XTER:VTSC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Vitesco Technologies Group AG (XTER:VTSC) » Definitions » Interest Expense

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Traded in Other Exchanges

VTSCF:USA VTSCY:USA 0AAF:UK VTS:Germany VTS:Germany VTSC:Germany VTSC:Austria

Address

Siemensstrase 12, Regensburg, BY, DEU, 93055

Website

https://www.vitesco-technologies.com

Vitesco is a global Tier I automotive supplier of internal combustion engine, hybrid electric, battery electric, and fuel cell electric vehicle powertrain components and systems, operating through four segments: electrification technology, electronic controls, sensing and actuation, and contract manufacturing. The company was spun off from Continental in September 2021. ICE powertrain products include electronic controls, sensors, actuators, turbochargers, hydraulic components, pumps, and emissions technologies. HEV, BEV, and FCEV products include battery management systems, on-board chargers, battery junction boxes, e-motors, inverters, converters, thermal control, electronic control units, pumps, flow control valves, sensors, and actuators.

Executives

Ingo Holstein	Board of Directors
Werner Volz	Board of Directors
Andreas Wolf	Board of Directors
Klaus Hau	Board of Directors
Thomas Stierle	Board of Directors
Prof. Dr. Hans-jörg Bullinger	Supervisory Board
Joachim Hirsch	Supervisory Board
Prof. Siegfried Wolf	Supervisory Board

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