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KION GROUP AG (XTER:KGX) Interest Expense : €-343 Mil (TTM As of Mar. 2024)


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What is KION GROUP AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. KION GROUP AG's interest expense for the three months ended in Mar. 2024 was € -130 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-343 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. KION GROUP AG's Operating Income for the three months ended in Mar. 2024 was € 205 Mil. KION GROUP AG's Interest Expense for the three months ended in Mar. 2024 was € -130 Mil. KION GROUP AG's Interest Coverage for the quarter that ended in Mar. 2024 was 1.59. 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.

KION GROUP AG Interest Expense Historical Data

The historical data trend for KION GROUP AG'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.

KION GROUP AG Interest Expense Chart

KION GROUP AG 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 -142.20 -133.00 -105.90 -144.10 -304.60

KION GROUP AG 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 -91.10 -101.50 -102.00 -9.90 -129.50

KION GROUP AG 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 €-343 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.

KION GROUP AG  (XTER:KGX) 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.

KION GROUP AG's Interest Expense for the three months ended in Mar. 2024 was €-130 Mil. Its Operating Income for the three months ended in Mar. 2024 was €205 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €3,338 Mil.

KION GROUP AG'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*205.4/-129.5
=1.59

* 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.

KION GROUP AG (XTER:KGX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » KION GROUP AG (XTER:KGX) » Definitions » Interest Expense
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XTER:WAC CAT DE PCAR OSTO:VOLV A TSE:6201 TSE:6301 XAMS:EXO OSTO:EPI A SHSE:600031 TSE:6326 CNHI SZSE:000425 AGCO SZSE:000157 OHEL:METSO BOM:500477 OSK TSE:6305 HKSE:03808
Traded in Other Exchanges
KNNGF:USA KIGRY:USA 1KGX:Italy 0QFU:UK KGX:Austria
Address
Thea-Rasche-Strasse 8, Frankfurt am Main, HE, DEU, 60549
Website
https://www.kiongroup.com
Kion Group is the number-two forklift truck manufacturer globally, after Toyota, and the number-one global warehouse automation equipment supplier. The Germany-headquartered company gets 70% of its revenue from the sale of new forklifts and maintenance services. Another roughly 30%, and growing portion, comes from warehouse automation equipment under the Dematic division, which caters to sectors such as e-commerce, third-party logistics, and supermarkets. Kion's forklift trucks and warehouse equipment service the same end markets.
Executives
Valeria Jimena Gargiulo Board of Directors
Hasan Dandashly Board of Directors
Andreas Ulf Krinninger Board of Directors
Andreas Krinninger Board of Directors
Dr. Henry Puhl Board of Directors

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