Cummins (Cummins) Interest Expense : $-375 Mil (TTM As of Dec. 2023)

View and export this data going back to 1984. Start your Free Trial

What is Cummins Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cummins's interest expense for the three months ended in Dec. 2023 was $ -92 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-375 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. Cummins's Operating Income for the three months ended in Dec. 2023 was $ -1,194 Mil. Cummins's Interest Expense for the three months ended in Dec. 2023 was $ -92 Mil. Cummins 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.

Cummins Interest Expense Historical Data

The historical data trend for Cummins'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.

* Premium members only.

Cummins Interest Expense Chart

Cummins Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-109.00

-100.00

-111.00

-199.00

-375.00

Cummins Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-87.00	-87.00	-99.00	-97.00	-92.00

Cummins 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-375 Mil.

Cummins (NYSE:CMI) 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.

Cummins's Interest Expense for the three months ended in Dec. 2023 was $-92 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-1,194 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $5,176 Mil.

Cummins's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Cummins did not have earnings to cover the interest expense.

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

Cummins (Cummins) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Cummins Inc (NYSE:CMI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

CUM:Germany CUM:Germany CUM:Germany C1MI34:Brazil

Address

500 Jackson Street, Box 3005, Columbus, IN, USA, 47202-3005

Website

https://www.cummins.com

Cummins is the top manufacturer of diesel engines used in commercial trucks, off-highway equipment, and railroad locomotives, in addition to standby and prime power generators. The company also sells powertrain components, which include transmissions, turbochargers, aftertreatment systems, and fuel systems. Cummins is in the unique position of competing with its primary customers, heavy-duty truck manufacturers, who make and aggressively market their own engines. Despite robust competition across all its segments and increasing government regulation of carbon emissions, Cummins has maintained its leadership position in the industry.

Executives

Jennifer Rumsey	officer: Chief Technical Officer	500 JACKSON STREET, COLUMBUS IN 47201
Daniel William Fisher	director	2526 SPRUCE MEADOWS DRIVE, BROOMFIELD CO 80023
Jonathan David Wood	officer: Vice President & CTO	500 JACKSON STREET, COLUMBUS IN 47201
Sharon R Barner	officer: VP - General Counsel	500 JACKSON STREET, COLUMBUS IN 47201
Georgia R Nelson	director	C/O TOWER AUTOMOTIVE INC, 27175 HAGGERTY ROAD, NOVI MI 48377-3626
Di Leo Allen Bruno V	director	INTERNATIONAL BUSINESS MACHINES CORP., C/O SEC'Y'S OFFICE, ONE NEW ORCHARD ROAD, ARMONK NY 10504
Franklin R Changdiaz	director	500 JACKSON ST., M/C 60701, COLUMBUS IN 47201
Tony Satterthwaite	officer: President - Distribution	1400 73RD AVENUE NE, MINNEAPOLIS MN 55432
Norman Thomas Linebarger	officer: President-Power Gen.
Tracy A Embree	officer: VP & Pres. - Components Group	500 JACKSON STREET, COLUMBUS IN 47201
Mahesh Narang	officer: VP & President - Components	500 JACKSON STREET, COLUMBUS IN 47201
Mark Andrew Smith	officer: VP - Operations Finance	500 JACKSON STREET, COLUMBUS IN 47201
Marvin Boakye	officer: VP - Chief Human Resources Off	PO BOX 99900, LOUISVILLE KY 40269
Srikanth Padmanabhan	officer: President - Engine Busines	500 JACKSON STREET, COLUMBUS IN 47201
Jennifer Mary Bush	officer: VP & Pres. - Power Systems	CENTURY ALUMINUM COMPANY, 1 S. WACKER DRIVE, SUITE 1000, CHICAGO IL 60606