Phinia (FRA:3A6) Interest Expense : €-65 Mil (TTM As of Mar. 2024)

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What is Phinia Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Phinia's interest expense for the three months ended in Mar. 2024 was € -20 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-65 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. Phinia's Operating Income for the three months ended in Mar. 2024 was € 83 Mil. Phinia's Interest Expense for the three months ended in Mar. 2024 was € -20 Mil. Phinia's Interest Coverage for the quarter that ended in Mar. 2024 was 4.09. 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.

Phinia Interest Expense Historical Data

The historical data trend for Phinia'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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Phinia Interest Expense Chart

Phinia Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-13.97

-30.98

-18.88

-51.35

Phinia Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial						-5.60	-3.69	-20.61	-20.17	-20.24

Phinia 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 €-65 Mil.

Phinia (FRA:3A6) 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.

Phinia's Interest Expense for the three months ended in Mar. 2024 was €-20 Mil. Its Operating Income for the three months ended in Mar. 2024 was €83 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €692 Mil.

Phinia'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	*	82.8	/	-20.24
	=	4.09

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

Phinia (FRA:3A6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Phinia Inc (FRA:3A6) » Definitions » Interest Expense

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PHIN:USA

Address

3000 University Drive, Auburn Hills, MI, USA, 48326

Website

Phinia Inc is a leader in the development, design and manufacture of integrated components and systems that optimize performance, increase efficiency and reduce emissions in combustion and hybrid propulsion for commercial vehicles and industrial applications and light vehicles. It is a global supplier to most major original equipment manufacturers (OEMs) and offers a wide range of original equipment service (OES) solutions and remanufactured products as well as an expanded range of products for the independent (non-OEM) aftermarket. Phinia has an extensive original equipment portfolio of advanced fuel injection systems, fuel delivery modules, canisters, starters, alternators, sensors, electronic control modules and associated software.

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