On Holding AG (On Holding AG) Interest Expense : $-11 Mil (TTM As of Mar. 2024)

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What is On Holding AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. On Holding AG's interest expense for the three months ended in Mar. 2024 was $ -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-11 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. On Holding AG's Operating Income for the three months ended in Mar. 2024 was $ 43 Mil. On Holding AG's Interest Expense for the three months ended in Mar. 2024 was $ -6 Mil. On Holding AG's Interest Coverage for the quarter that ended in Mar. 2024 was 7.86. 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.

On Holding AG Interest Expense Historical Data

The historical data trend for On Holding AG'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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On Holding AG Interest Expense Chart

On Holding AG Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.12

-0.34

-2.61

-4.62

-8.09

On Holding AG Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial												-1.84	-1.56	-3.56	-0.23	-5.51

On Holding AG 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 $-11 Mil.

On Holding AG (NYSE:ONON) 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.

On Holding AG's Interest Expense for the three months ended in Mar. 2024 was $-6 Mil. Its Operating Income for the three months ended in Mar. 2024 was $43 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $0 Mil.

On Holding AG'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	*	43.327	/	-5.514
	=	7.86

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

On Holding AG (On Holding AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » On Holding AG (NYSE:ONON) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

Forrlibuckstrasse 190, Zurich, CHE, 8005

Website

https://www.on-running.com

On Holding AG is a premium performance sports brand rooted in technology, design, and impact. Its shoe, apparel, and accessories products are designed primarily for athletic use, casual, or leisure purposes. It does not manufacture the products or the raw materials and rely instead on third-party suppliers and contract manufacturers. Geographically, it derives a majority of its revenue from North America.