Flex (HAM:FXI) Interest Expense : €-180 Mil (TTM As of Mar. 2024)

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What is Flex Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Flex's interest expense for the three months ended in Mar. 2024 was € -39 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-180 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. Flex's Operating Income for the three months ended in Mar. 2024 was € -148 Mil. Flex's Interest Expense for the three months ended in Mar. 2024 was € -39 Mil. Flex did not have earnings to cover the interest expense. 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.

Flex Interest Expense Historical Data

The historical data trend for Flex'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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Flex Interest Expense Chart

Flex Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-132.11

-135.24

-150.73

-214.82

-190.44

Flex 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															-58.84	-43.38	-49.66	-48.60	-38.64

Flex 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 €-180 Mil.

Flex (HAM:FXI) 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.

Flex's Interest Expense for the three months ended in Mar. 2024 was €-39 Mil. Its Operating Income for the three months ended in Mar. 2024 was €-148 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €3,451 Mil.

Flex's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Flex did not have earnings to cover the interest expense.

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

Flex (HAM:FXI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Flex Ltd (HAM:FXI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

FLEX:USA FLEX:Mexico FXI:Germany

Address

2 Changi South Lane, Singapore, SGP, 486123

Website

https://www.flex.com

Flex Ltd is a contract manufacturing company providing comprehensive electronics design, manufacturing, and product management services to global electronics and technology companies. The company's operating segments include Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. Flex Agility Solutions segment includes markets such as Communications, Enterprise and Cloud; Lifestyle; and Consumer Devices. Flex Reliability Solutions segment includes markets such as Automotive, Health Solutions, and Industrial. The Nextracker segment provides solar tracker technologies that optimize and increase energy production. The company's geographical segments include China, Mexico, the United States, Brazil, Malaysia, Hungary, and Others.