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Vitesco Technologies Group AG (FRA:VTSC) Interest Expense : €-62 Mil (TTM As of Mar. 2024)


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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 Mar. 2024 was € -17 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-62 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 Mar. 2024 was € -40 Mil. Vitesco Technologies Group AG's Interest Expense for the three months ended in Mar. 2024 was € -17 Mil. Vitesco Technologies Group AG did not have earnings to cover the interest expense. 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.

* Premium members only.

Vitesco Technologies Group AG Interest Expense Chart

Vitesco Technologies Group AG Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial -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 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 -12.40 -10.90 -14.00 -20.20 -17.10

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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-62 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.

Vitesco Technologies Group AG  (FRA:VTSC) 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.

Vitesco Technologies Group AG's Interest Expense for the three months ended in Mar. 2024 was €-17 Mil. Its Operating Income for the three months ended in Mar. 2024 was €-40 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €665 Mil.

Vitesco Technologies Group AG's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Vitesco Technologies Group AG did not have earnings to cover the interest expense.

* 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.

Vitesco Technologies Group AG (FRA:VTSC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Vitesco Technologies Group AG (FRA: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
Prof. Siegfried Wolf Supervisory Board
Georg F. W. Schaeffler Supervisory Board

Vitesco Technologies Group AG (FRA:VTSC) Headlines

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