Forvia SE (XPAR:FRVIA) Interest Expense : €-81 Mil (TTM As of Dec. 2023)

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What is Forvia SE Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Forvia SE's interest expense for the six months ended in Dec. 2023 was € -41 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-81 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. Forvia SE's Operating Income for the six months ended in Dec. 2023 was € 669 Mil. Forvia SE's Interest Expense for the six months ended in Dec. 2023 was € -41 Mil. Forvia SE's Interest Coverage for the quarter that ended in Dec. 2023 was 16.31. 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.

Forvia SE Interest Expense Historical Data

The historical data trend for Forvia SE'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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Forvia SE Interest Expense Chart

Forvia SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-206.00

-208.20

-50.00

-63.20

-81.20

Forvia SE Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-25.50	-38.80	-24.40	-40.20	-41.00

Forvia SE 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-81 Mil.

Forvia SE (XPAR:FRVIA) 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.

Forvia SE's Interest Expense for the six months ended in Dec. 2023 was €-41 Mil. Its Operating Income for the six months ended in Dec. 2023 was €669 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €9,453 Mil.

Forvia SE's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	668.6	/	-41
	=	16.31

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

Forvia SE (XPAR:FRVIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Forvia SE (XPAR:FRVIA) » Definitions » Interest Expense

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Traded in Other Exchanges

FURCF:USA 1FRVIA:Italy FRVIAp:UK 0MGR:UK FAU:Germany

Address

23-27 avenue des Champs-Pierreux, Nanterre, FRA, 92000

Website

https://www.faurecia.com

Forvia operates in automotive seating, interior systems, emission control technologies, electronics, lighting, and a segment called lifecycle solutions that does automotive-related recycling. The company has a global presence, with over 300 industrial facilities and 63 R&D centers in more than 40 countries, but much of its workforce is located in high-cost countries. Forvia's five largest customers by percentage of 2022 revenue are Volkswagen at 15.4%, Stellantis at 11.7%, Ford at 7.7%, the Renault-Nissan-Mitsubishi Alliance at 6.2%, and Mercedes-Benz at 6.1%. Geographically, Europe accounted for 44% of 2022 revenue, followed by North America at 25%, China at 21%, and all other regions at 10%.

Forvia SE (XPAR:FRVIA) Headlines

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