Munters Group AB (FRA:1MS) Interest Expense : €-30 Mil (TTM As of Mar. 2024)

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What is Munters Group AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Munters Group AB's interest expense for the three months ended in Mar. 2024 was € -8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-30 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. Munters Group AB's Operating Income for the three months ended in Mar. 2024 was € 37 Mil. Munters Group AB's Interest Expense for the three months ended in Mar. 2024 was € -8 Mil. Munters Group AB's Interest Coverage for the quarter that ended in Mar. 2024 was 4.77. 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.

Munters Group AB Interest Expense Historical Data

The historical data trend for Munters Group AB'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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Munters Group AB Interest Expense Chart

Munters Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

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Dec19

Dec20

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Dec22

Dec23

Interest Expense

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-17.94

-14.06

-6.04

-11.28

-28.34

Munters Group AB 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															-6.51	-5.66	-7.86	-9.12	-7.69

Munters Group AB 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 €-30 Mil.

Munters Group AB (FRA:1MS) 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.

Munters Group AB's Interest Expense for the three months ended in Mar. 2024 was €-8 Mil. Its Operating Income for the three months ended in Mar. 2024 was €37 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €498 Mil.

Munters Group AB'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	*	36.672	/	-7.688
	=	4.77

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

Munters Group AB (FRA:1MS) Business Description

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MTRS:Sweden 0RPO:UK

Address

Box 1188, Kista, SWE, SE-164 40

Website

https://www.munters.com

Munters Group AB is a provider of energy-efficient air treatment and climate control solutions primarily within the food, pharmaceutical and data center sectors. The company operates in two reportable segments that are AirTech and FoodTech. The product portfolio comprises air intakes/air inlets, temperature and humidity control air treatment systems, fans and light filters, heat exchangers, heaters, mist eliminators, pollution control and volatile organic compounds abatement technologies to remove liquid and solvents from the air.

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