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Wolverine World Wide (FRA:WW4) Interest Expense : €-55 Mil (TTM As of Mar. 2024)


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What is Wolverine World Wide Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Wolverine World Wide's interest expense for the three months ended in Mar. 2024 was € -11 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-55 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. Wolverine World Wide's Operating Income for the three months ended in Mar. 2024 was € 3 Mil. Wolverine World Wide's Interest Expense for the three months ended in Mar. 2024 was € -11 Mil. Wolverine World Wide's Interest Coverage for the quarter that ended in Mar. 2024 was 0.25. 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.

Wolverine World Wide Interest Expense Historical Data

The historical data trend for Wolverine World Wide'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.

Wolverine World Wide Interest Expense Chart

Wolverine World Wide Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -27.00 -35.84 -33.10 -44.65 -58.23

Wolverine World Wide 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 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 -14.76 -14.86 -14.52 -14.76 -11.04

Wolverine World Wide 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 €-55 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.

Wolverine World Wide  (FRA:WW4) 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.

Wolverine World Wide's Interest Expense for the three months ended in Mar. 2024 was €-11 Mil. Its Operating Income for the three months ended in Mar. 2024 was €3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €652 Mil.

Wolverine World Wide'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*2.76/-11.04
=0.25

* 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.

Wolverine World Wide (FRA:WW4) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Wolverine World Wide Inc (FRA:WW4) » Definitions » Interest Expense
Comparable Companies
DBI WEYS RCKY VRA MCRAA FORD SAML AREB PXFG SHOO NKE XTER:ADS DECK ONON SZSE:300979 SKX TSE:7936 CROX BIRK XTER:PUM
Traded in Other Exchanges
WWW:USA WW4:Germany
Address
9341 Courtland Drive N.E., Rockford, MI, USA, 49351
Website
https://www.wolverineworldwide.com
Wolverine World Wide Inc is engaged in designing, manufacturing, sourcing, marketing, licensing, and distributing branded footwear, apparel, and accessories. The company's segment includes Active Group; Work Group; Lifestyle Group and Other. It generates maximum revenue from the Active Group segment. Active Group segment consists of Merrell footwear and apparel, Saucony footwear and apparel, Sweaty Betty activewear, and Chaco footwear.

Wolverine World Wide (FRA:WW4) Headlines

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