Resideo Technologies (FRA:3RT) Interest Expense : €-56 Mil (TTM As of Mar. 2024)

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What is Resideo Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Resideo Technologies's interest expense for the three months ended in Mar. 2024 was € -12 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-56 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. Resideo Technologies's Operating Income for the three months ended in Mar. 2024 was € 124 Mil. Resideo Technologies's Interest Expense for the three months ended in Mar. 2024 was € -12 Mil. Resideo Technologies's Interest Coverage for the quarter that ended in Mar. 2024 was 10.38. 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.

Resideo Technologies Interest Expense Historical Data

The historical data trend for Resideo Technologies'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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Resideo Technologies Interest Expense Chart

Resideo Technologies Annual Data

Trend

Dec15

Dec16

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Dec23

Interest Expense

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-62.10

-51.79

-41.60

-50.98

-59.61

Resideo Technologies Quarterly Data
	Jun19	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															-15.88	-15.69	-14.99	-13.76	-11.96

Resideo Technologies 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 €-56 Mil.

Resideo Technologies (FRA:3RT) 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.

Resideo Technologies's Interest Expense for the three months ended in Mar. 2024 was €-12 Mil. Its Operating Income for the three months ended in Mar. 2024 was €124 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €1,282 Mil.

Resideo Technologies'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	*	124.2	/	-11.96
	=	10.38

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

Resideo Technologies (FRA:3RT) Business Description

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REZI:USA

Address

16100 North 71st Street, Suite 550, Scottsdale, AZ, USA, 85254

Website

https://www.resideo.com

Resideo Technologies Inc is a manufacturer and developer of technology-driven products and components that provide critical comfort, energy management, and safety and security solutions. The company has two reportable segments; Products and Solutions segment offers temperature and humidity control, energy products and solutions, water and air solutions, smoke and carbon monoxide detection home safety products, security panels, sensors, peripherals, wire and cable, communications devices, video cameras, other home-related lifestyle convenience solutions, and ADI Global Distribution segment includes wholesale distributor of low-voltage security products including access control, fire detection, security, and video products. It derives a majority of its revenue from the United States.

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