Matthews International (STU:MW1A) Interest Expense : €-43 Mil (TTM As of Mar. 2024)

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What is Matthews International Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Matthews International's interest expense for the three months ended in Mar. 2024 was € -12 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-43 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. Matthews International's Operating Income for the three months ended in Mar. 2024 was € 20 Mil. Matthews International's Interest Expense for the three months ended in Mar. 2024 was € -12 Mil. Matthews International's Interest Coverage for the quarter that ended in Mar. 2024 was 1.70. 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.

Matthews International Interest Expense Historical Data

The historical data trend for Matthews International'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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Matthews International Interest Expense Chart

Matthews International Annual Data

Trend

Sep14

Sep15

Sep16

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Sep23

Interest Expense

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-37.19

-29.62

-24.38

-28.00

-41.84

Matthews International 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															-11.25	-10.08	-10.74	-10.62	-11.54

Matthews International 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 €-43 Mil.

Matthews International (STU:MW1A) 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.

Matthews International's Interest Expense for the three months ended in Mar. 2024 was €-12 Mil. Its Operating Income for the three months ended in Mar. 2024 was €20 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €811 Mil.

Matthews International'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	*	19.622	/	-11.541
	=	1.70

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

Matthews International (STU:MW1A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Matthews International Corp (STU:MW1A) » Definitions » Interest Expense

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Traded in Other Exchanges

MATW:USA MW1A:Germany

Address

Two Northshore Center, Pittsburgh, PA, USA, 15212-5851

Website

https://www.matw.com

Matthews International Corp is a personal services company that primarily provides brand solution services, memorialization products, and industrial products in the United States and Europe. The majority of Matthews' revenue is derived from its SGK Brand Solutions business, which provides brand development services, printing equipment, creative design services, and embossing tools to the consumer packaged goods and packaging industries. The company's Memorialization segment, which sells bronze and granite memorials, caskets, and cremation equipment to the cemetery and funeral home industries, also contributes a significant amount. Most of Matthews' revenue is generated from sales made in the U.S., while European customers also contribute a sizable percentage.

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