Carpenter Technology (STU:XTY) Interest Expense : €-58 Mil (TTM As of Mar. 2024)

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What is Carpenter Technology Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Carpenter Technology's interest expense for the three months ended in Mar. 2024 was € -15 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-58 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. Carpenter Technology's Operating Income for the three months ended in Mar. 2024 was € 83 Mil. Carpenter Technology's Interest Expense for the three months ended in Mar. 2024 was € -15 Mil. Carpenter Technology's Interest Coverage for the quarter that ended in Mar. 2024 was 5.42. 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.

Carpenter Technology Interest Expense Historical Data

The historical data trend for Carpenter Technology'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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Carpenter Technology Interest Expense Chart

Carpenter Technology Annual Data

Trend

Jun14

Jun15

Jun16

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Jun19

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Jun23

Interest Expense

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-23.01

-17.58

-27.89

-42.48

-59.16

Carpenter Technology 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															-15.88	-15.23	-11.90	-15.13	-15.27

Carpenter Technology 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 €-58 Mil.

Carpenter Technology (STU:XTY) 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.

Carpenter Technology's Interest Expense for the three months ended in Mar. 2024 was €-15 Mil. Its Operating Income for the three months ended in Mar. 2024 was €83 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €638 Mil.

Carpenter Technology'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	*	82.8	/	-15.272
	=	5.42

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

Carpenter Technology (STU:XTY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Carpenter Technology Corp (STU:XTY) » Definitions » Interest Expense

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Traded in Other Exchanges

CRS:USA XTY:Germany

Address

1735 Market Street, 15th Floor, Philadelphia, PA, USA, 19103

Website

https://www.carpentertechnology.com

Carpenter Technology Corp supplies specialty metals to a variety of end markets, including aerospace and defense, industrial machinery and consumer durables, medical, and energy, among others. The company's segment includes Specialty Alloys Operations and Performance Engineered Products. It generates maximum revenue from the Specialty Alloys Operations segment. The SAO segment is comprised of the company's major premium alloy and stainless steel manufacturing operations. This includes operations performed at mills primarily in Reading and Latrobe, Pennsylvania, and surrounding areas as well as South Carolina and Alabama.

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