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ZIM Integrated Shipping Services (FRA:2SV) Interest Expense : €-365 Mil (TTM As of Mar. 2024)


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What is ZIM Integrated Shipping Services Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ZIM Integrated Shipping Services's interest expense for the three months ended in Mar. 2024 was € -100 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-365 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. ZIM Integrated Shipping Services's Operating Income for the three months ended in Mar. 2024 was € 155 Mil. ZIM Integrated Shipping Services's Interest Expense for the three months ended in Mar. 2024 was € -100 Mil. ZIM Integrated Shipping Services's Interest Coverage for the quarter that ended in Mar. 2024 was 1.55. 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.

ZIM Integrated Shipping Services Interest Expense Historical Data

The historical data trend for ZIM Integrated Shipping Services'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.

ZIM Integrated Shipping Services Interest Expense Chart

ZIM Integrated Shipping Services Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial -132.65 -123.63 -149.48 -212.21 -349.19

ZIM Integrated Shipping Services Quarterly Data
Dec18 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -88.92 -131.07 -95.11 -38.61 -100.28

ZIM Integrated Shipping Services 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-365 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.

ZIM Integrated Shipping Services  (FRA:2SV) 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.

ZIM Integrated Shipping Services's Interest Expense for the three months ended in Mar. 2024 was €-100 Mil. Its Operating Income for the three months ended in Mar. 2024 was €155 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €3,481 Mil.

ZIM Integrated Shipping Services's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*155.204/-100.28
=1.55

* 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.

ZIM Integrated Shipping Services (FRA:2SV) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ZIM Integrated Shipping Services Ltd (FRA:2SV) » Definitions » Interest Expense
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NAT CMRE NMM ASC DAC GNK EGLE NETI SMHI SB BSP:PSVM11 OCSE:MAERSK B XTER:HLAG BOM:532921 HKSE:01919 SHSE:600018 TSE:9101 TSE:9104 SHSE:601018 TSE:9107
Traded in Other Exchanges
ZIM:USA
Address
9 Andrei Sakharov Street, P.O. Box 15067, Matam, Haifa, ISR, 3190500
Website
https://www.zim.com
ZIM Integrated Shipping Services Ltd is an asset-light container liner shipping company. It offers tailored services, including land transportation and logistical services, specialized shipping solutions, including the transportation of out-of-gauge cargo, refrigerated cargo, and dangerous and hazardous cargo. Its services include Cargo Services, Digital Services, Schedules, and Shipping Trades and Lines. Geographically, it derives a majority of revenue from the Pacific.

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