Assa Abloy AB (Assa Abloy AB) Interest Expense : $-286 Mil (TTM As of Mar. 2024)

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What is Assa Abloy AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Assa Abloy AB's interest expense for the three months ended in Mar. 2024 was $ -78 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-286 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. Assa Abloy AB's Operating Income for the three months ended in Mar. 2024 was $ 521 Mil. Assa Abloy AB's Interest Expense for the three months ended in Mar. 2024 was $ -78 Mil. Assa Abloy AB's Interest Coverage for the quarter that ended in Mar. 2024 was 6.69. 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.

Assa Abloy AB Interest Expense Historical Data

The historical data trend for Assa Abloy AB'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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Assa Abloy AB Interest Expense Chart

Assa Abloy AB Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-108.56

-89.20

-71.07

-88.55

-246.06

Assa Abloy AB 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															-32.74	-41.32	-81.19	-85.21	-77.90

Assa Abloy AB 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 $-286 Mil.

Assa Abloy AB (OTCPK:ASAZY) 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.

Assa Abloy AB's Interest Expense for the three months ended in Mar. 2024 was $-78 Mil. Its Operating Income for the three months ended in Mar. 2024 was $521 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $5,420 Mil.

Assa Abloy AB'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	*	521.165	/	-77.896
	=	6.69

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

Assa Abloy AB (Assa Abloy AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Assa Abloy AB (OTCPK:ASAZY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ASAZF:USA ASSA B:Sweden ASSABs:UK 0R87:UK ALZC:Germany

Address

Klarabergsviadukten 90, P.O. Box 70340, Stockholm, SWE, SE-107 23

Website

https://www.assaabloy.com

Assa Abloy is the world's largest supplier of locking and physical access solutions, sporting the world's largest installed base of locks that protect some of the most security-sensitive buildings, such as the European Parliament in Brussels. Three quarters of its revenue comes from government, commercial, and other nonresidential customers. The company's product base is centred on electromechanical locks, which require identification to unlock with a keycard, biometric scan, or personal identification number. Assa Abloy's products are sold directly to security systems integrators, locksmiths, hardware stores, and original equipment manufacturers.