Purmo Group (OHEL:PURMO) Interest Expense : €-36.5 Mil (TTM As of Mar. 2024)

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What is Purmo Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Purmo Group's interest expense for the three months ended in Mar. 2024 was € -8.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-36.5 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. Purmo Group's Operating Income for the three months ended in Mar. 2024 was € 16.9 Mil. Purmo Group's Interest Expense for the three months ended in Mar. 2024 was € -8.5 Mil. Purmo Group's Interest Coverage for the quarter that ended in Mar. 2024 was 1.99. 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.

Purmo Group Interest Expense Historical Data

The historical data trend for Purmo Group'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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Purmo Group Interest Expense Chart

Purmo Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-11.30

-6.90

-17.90

-25.50

Purmo Group Quarterly Data
	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												-7.40	-7.00	-7.50	-13.50	-8.50

Purmo Group 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 €-36.5 Mil.

Purmo Group (OHEL:PURMO) 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.

Purmo Group's Interest Expense for the three months ended in Mar. 2024 was €-8.5 Mil. Its Operating Income for the three months ended in Mar. 2024 was €16.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €306.7 Mil.

Purmo Group'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	*	16.9	/	-8.5
	=	1.99

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Purmo Group PLCs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Purmo Group (OHEL:PURMO) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Purmo Group PLC (OHEL:PURMO) » Definitions » Interest Expense

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4M9:Germany

Address

Bulevardi 46, P.O. Box 115, Helsinki, FIN, 00120

Website

https://www.purmogroup.com

Purmo Group PLC offers sustainable indoor climate comfort solutions in Europe. The company's operating segments include two divisions: Radiators and ICS. It generates the majority of the revenue from the Radiators segment which manufactures two broader product categories: panel radiators comprised of horizontal and decorative panel radiators and vertical decorative radiators, and other radiators comprised of towel warmers, decorative tubular radiators, and electric radiators. Its ICS division provides a comprehensive range of components to wholesalers, specifiers, and installers comprising four product categories; radiant heating and cooling, air heating and cooling, water distribution systems, and system components and controls.

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