Daimler Truck Holding AG (FRA:DTG) Interest Expense : €-369 Mil (TTM As of Dec. 2023)

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What is Daimler Truck Holding AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Daimler Truck Holding AG's interest expense for the three months ended in Dec. 2023 was € -181 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-369 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. Daimler Truck Holding AG's Operating Income for the three months ended in Dec. 2023 was € 1,497 Mil. Daimler Truck Holding AG's Interest Expense for the three months ended in Dec. 2023 was € -181 Mil. Daimler Truck Holding AG's Interest Coverage for the quarter that ended in Dec. 2023 was 8.27. 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.

Daimler Truck Holding AG Interest Expense Historical Data

The historical data trend for Daimler Truck Holding 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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Daimler Truck Holding AG Interest Expense Chart

Daimler Truck Holding AG Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-365.00

-270.00

-156.00

-245.00

-369.00

Daimler Truck Holding AG Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial											-95.00	-30.00	-76.00	-82.00	-181.00

Daimler Truck Holding 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 €-369 Mil.

Daimler Truck Holding AG (FRA:DTG) 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.

Daimler Truck Holding AG's Interest Expense for the three months ended in Dec. 2023 was €-181 Mil. Its Operating Income for the three months ended in Dec. 2023 was €1,497 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was €15,369 Mil.

Daimler Truck Holding 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	*	1497	/	-181
	=	8.27

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

Daimler Truck Holding AG (FRA:DTG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Daimler Truck Holding AG (FRA:DTG) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

DTGHF:USA DTRUY:USA DTG:Romania DTGd:UK DTG1:Germany DTG:Germany DTG:Austria

Address

Fasanenweg 10, Leinfelden-Echterdingen, BW, DEU, 70771

Website

https://www.daimlertruck.com

Daimler Truck Holding AG is a commercial vehicle manufacturer. It operates through various brands including Bharat Benz, Freightliner, Fuso, Mercedes-Benz, Setra, Thomas Built Buses, and Western Star. Its products include Trucks, Buses, and Financial Services. The Group has five reportable segments: Trucks North America, Mercedes-Benz, Trucks Asia, Daimler Buses, and Financial Services. It generates maximum revenue from the Trucks North America segment. The Trucks North America segment develops, manufactures and sells trucks under the Freightliner and Western Star brands in North America. The segment's product range also includes buses of Thomas Built Buses as well as bus chassis.

Executives

Stephan Unger	Board of Directors
Jürgen Hartwig	Board of Directors
Dr. Andreas Gorbach	Board of Directors
John O’leary	Board of Directors
Jochen Götz	Board of Directors
Karl Deppen	Board of Directors
Thomas Martin Daum	Board of Directors
Martin Daum	Board of Directors

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