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ABM Industries (FRA:AB4) Interest Expense : €-77 Mil (TTM As of Jan. 2024)


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What is ABM Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ABM Industries's interest expense for the three months ended in Jan. 2024 was € -20 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was €-77 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. ABM Industries's Operating Income for the three months ended in Jan. 2024 was € 68 Mil. ABM Industries's Interest Expense for the three months ended in Jan. 2024 was € -20 Mil. ABM Industries's Interest Coverage for the quarter that ended in Jan. 2024 was 3.48. 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.

ABM Industries Interest Expense Historical Data

The historical data trend for ABM Industries'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.

ABM Industries Interest Expense Chart

ABM Industries Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -46.19 -37.91 -24.65 -41.72 -77.94

ABM Industries Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 -18.37 -19.24 -18.89 -19.41 -19.55

ABM Industries 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-77 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.

ABM Industries  (FRA:AB4) 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.

ABM Industries's Interest Expense for the three months ended in Jan. 2024 was €-20 Mil. Its Operating Income for the three months ended in Jan. 2024 was €68 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was €1,279 Mil.

ABM Industries's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Jan. 2024 )/Interest Expense (Q: Jan. 2024 )
=-1*68.024/-19.553
=3.48

* 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.

ABM Industries (FRA:AB4) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » ABM Industries Inc (FRA:AB4) » Definitions » Interest Expense
Comparable Companies
UNF FA LZ CBZ AZZ TH BV SP VVI ZUUS LSE:REL TSX:TRI CTAS CPRT XAMS:WKL GPN TSX:RBA LSE:RTO ASX:BXB XPAR:SW
Traded in Other Exchanges
ABM:USA AB4:Germany
Address
One Liberty Plaza, 7th Floor, New York, NY, USA, 10006
Website
https://www.abm.com
ABM Industries Inc is a provider of integrated facility solutions. It offers its solutions through five segments: Business and Industry, Manufacturing and Distribution, Education, Aviation and Technical solutions. The company derives the majority of its revenue from the business and industry segment, which encompasses janitorial, facilities engineering, and parking services for commercial real estate properties and sports and entertainment venues, as well as vehicle maintenance and other services to rental car providers. The company mainly operates in the United States of America.

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