L3 Technologies (FRA:L3H) Interest Expense : €-139 Mil (TTM As of Mar. 2019)

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What is L3 Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. L3 Technologies's interest expense for the three months ended in Mar. 2019 was € -33 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2019 was €-139 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. L3 Technologies's Operating Income for the three months ended in Mar. 2019 was € 275 Mil. L3 Technologies's Interest Expense for the three months ended in Mar. 2019 was € -33 Mil. L3 Technologies's Interest Coverage for the quarter that ended in Mar. 2019 was 8.41. 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.

L3 Technologies Interest Expense Historical Data

The historical data trend for L3 Technologies'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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L3 Technologies Interest Expense Chart

L3 Technologies Annual Data

Trend

Dec09

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Interest Expense

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-128.14

-148.72

-155.47

-142.81

-144.16

L3 Technologies Quarterly Data
	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19
Interest Expense	Get a 7-Day Free Trial															-33.25	-37.66	-34.28	-34.28	-32.75

L3 Technologies 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. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was €-139 Mil.

L3 Technologies (FRA:L3H) 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.

L3 Technologies's Interest Expense for the three months ended in Mar. 2019 was €-33 Mil. Its Operating Income for the three months ended in Mar. 2019 was €275 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2019 was €3,444 Mil.

L3 Technologies's Interest Coverage for the quarter that ended in Mar. 2019 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2019 )	/	Interest Expense (Q: Mar. 2019 )
	=	-1	*	275.235	/	-32.745
	=	8.41

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

L3 Technologies (FRA:L3H) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » L3 Technologies Inc (FRA:L3H) » Definitions » Interest Expense

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Address

600 Third Avenue, New York, NY, USA, 10016

Website

http://www.l3t.com

L-3 Technologies (formerly L-3 Communications) provides high-technology products, systems, and subsystems in the defense electronics business. Customers include the U.S. Department of Defense and U.S. government agencies (roughly 70% of sales), as well as foreign governments and commercial customers. Areas of focus include aircraft modernization and maintenance, training and simulation, communication systems, electro-optical sensors, and airport security screening equipment.

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