EDAG Engineering Group AG (XTER:ED4) Interest Expense : €-16.6 Mil (TTM As of Mar. 2024)

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What is EDAG Engineering Group AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. EDAG Engineering Group AG's interest expense for the three months ended in Mar. 2024 was € -4.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-16.6 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. EDAG Engineering Group AG's Operating Income for the three months ended in Mar. 2024 was € 39.0 Mil. EDAG Engineering Group AG's Interest Expense for the three months ended in Mar. 2024 was € -4.5 Mil. EDAG Engineering Group AG's Interest Coverage for the quarter that ended in Mar. 2024 was 8.69. 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.

EDAG Engineering Group AG Interest Expense Historical Data

The historical data trend for EDAG Engineering Group 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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EDAG Engineering Group AG Interest Expense Chart

EDAG Engineering Group AG Annual Data

Trend

Dec14

Dec15

Dec16

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Dec19

Dec20

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Dec22

Dec23

Interest Expense

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-10.96

-10.27

-9.82

-9.90

-15.02

EDAG Engineering Group AG 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															-2.86	-3.07	-4.09	-5.00	-4.49

EDAG Engineering Group 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 €-16.6 Mil.

EDAG Engineering Group AG (XTER:ED4) 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.

EDAG Engineering Group AG's Interest Expense for the three months ended in Mar. 2024 was €-4.5 Mil. Its Operating Income for the three months ended in Mar. 2024 was €39.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €168.7 Mil.

EDAG Engineering Group 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	*	38.986	/	-4.485
	=	8.69

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

EDAG Engineering Group AG (XTER:ED4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » EDAG Engineering Group AG (XTER:ED4) » Definitions » Interest Expense

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ED4:Germany ED4:Germany

Address

Schlossgasse 2, Arbon, CHE, 9320

Website

https://www.edag.de

EDAG Engineering Group AG is an independent engineering partner in the international automotive industry. It is engaged in developing vehicles, derivatives, modules, and production facilities. It has divided its business into three segments namely Vehicle Engineering, Production Solutions, and Electrics/Electronics. It earns the majority of its revenue from vehicle engineering followed by electrics/electronics and production solutions. Geographic is present in Germany, the Rest of Europe, North America, South America, and Asia, and the majority of its revenue comes from the German market.

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