Porsche Automobil Holding SE (XTER:PAH3) Interest Expense : €-319 Mil (TTM As of Mar. 2024)

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What is Porsche Automobil Holding SE Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Porsche Automobil Holding SE's interest expense for the three months ended in Mar. 2024 was € -72 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-319 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. Porsche Automobil Holding SE's Operating Income for the three months ended in Mar. 2024 was € 1,119 Mil. Porsche Automobil Holding SE's Interest Expense for the three months ended in Mar. 2024 was € -72 Mil. Porsche Automobil Holding SE's Interest Coverage for the quarter that ended in Mar. 2024 was 15.54. 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.

Porsche Automobil Holding SE Interest Expense Historical Data

The historical data trend for Porsche Automobil Holding 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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Porsche Automobil Holding SE Interest Expense Chart

Porsche Automobil Holding SE Annual Data

Trend

Dec14

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Interest Expense

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-3.00

-6.00

-64.00

-320.00

Porsche Automobil Holding 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															-73.00	-80.00	-68.00	-99.00	-72.00

Porsche Automobil Holding 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 €-319 Mil.

Porsche Automobil Holding SE (XTER:PAH3) 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.

Porsche Automobil Holding SE's Interest Expense for the three months ended in Mar. 2024 was €-72 Mil. Its Operating Income for the three months ended in Mar. 2024 was €1,119 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €0 Mil.

Porsche Automobil Holding 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	*	1119	/	-72
	=	15.54

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

Porsche Automobil Holding SE (XTER:PAH3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Porsche Automobil Holding SE (XTER:PAH3) » Definitions » Interest Expense

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Traded in Other Exchanges

POAHY:USA POAHF:USA PAH3:Mexico 1PAH:Italy PAH3d:UK 0JHU:UK PAH3:Austria

Address

Porscheplatz 1, Stuttgart, BW, DEU, 70435

Website

https://www.porsche-se.com

Porsche Automobil Holding SE is an automotive holdings company. The company's core investment is a controlling stake in Volkswagen AG. Through this stake, Porsche SE has an interest in passenger and luxury car manufacturers which include Volkswagen, Audi, SEAT, SKODA, Bentley, Bugatti, Lamborghini, and Porsche; motorcycles under the Ducati brand name; and commercial vehicles under Volkswagen Commercial Vehicles, Scania, and MAN. In addition to the automobile manufacturers, this core investment provides Porsche Automobil exposure to the Volkswagen Financial Services financing business. Porsche SE also has a minority stake in technology company INRIX, a company that provides connected-car services and real-time traffic information.

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