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NORMA Group SE (XTER:NOEJ) Interest Expense : €-27 Mil (TTM As of Mar. 2024)


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What is NORMA Group SE Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NORMA Group SE's interest expense for the three months ended in Mar. 2024 was € -7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-27 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. NORMA Group SE's Operating Income for the three months ended in Mar. 2024 was € 20 Mil. NORMA Group SE's Interest Expense for the three months ended in Mar. 2024 was € -7 Mil. NORMA Group SE's Interest Coverage for the quarter that ended in Mar. 2024 was 3.02. 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.

NORMA Group SE Interest Expense Historical Data

The historical data trend for NORMA Group 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.

* Premium members only.

NORMA Group SE Interest Expense Chart

NORMA Group SE 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 -15.57 -11.86 -9.58 -10.94 -24.08

NORMA Group SE 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 -4.35 -6.99 -7.42 -5.32 -6.78

NORMA Group 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-27 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.

NORMA Group SE  (XTER:NOEJ) 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.

NORMA Group SE's Interest Expense for the three months ended in Mar. 2024 was €-7 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 €472 Mil.

NORMA Group SE'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*20.439/-6.779
=3.02

* 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.

NORMA Group SE (XTER:NOEJ) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » NORMA Group SE (XTER:NOEJ) » Definitions » Interest Expense
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Traded in Other Exchanges
0P38:UK NOEJ:Austria
Address
Edisonstrasse 4, Maintal, DEU, 63477
Website
https://www.normagroup.com
NORMA Group SE manufactures a wide range of joining technology solutions. Its products are primarily constructed from steel and help seal, connect, or ensure reliable flow of liquids, gases, and other elements. The components and finished solutions are used in various industries and can be found in transportation vehicles, household appliances, engines, plumbing systems, and medical fields. Norma has three primary product categories: clamps, joining elements, and fluid systems/connectors. It supplies single-component, multicomponent, and complex systems to meet customer requirements. The company uses a global sales and distribution network to reach customers and supply customized solutions across Europe, the Americas, and Asia-Pacific.
Executives
Annette Stieve Board of Directors
Dr. Daniel Heymann Board of Directors
Guido Hans Grandi Board of Directors

NORMA Group SE (XTER:NOEJ) Headlines

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