Mercedes-Benz Group AG (Mercedes-Benz Group AG) Interest Expense

: $-857 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mercedes-Benz Group AG's interest expense for the three months ended in Dec. 2023 was $ -535 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-857 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. Mercedes-Benz Group AG's Operating Income for the three months ended in Dec. 2023 was $ 4,315 Mil. Mercedes-Benz Group AG's Interest Expense for the three months ended in Dec. 2023 was $ -535 Mil. Mercedes-Benz Group AG's Interest Coverage for the quarter that ended in Dec. 2023 was 8.06. 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.

Mercedes-Benz Group AG Interest Expense Historical Data

The historical data trend for Mercedes-Benz 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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Mercedes-Benz Group AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-977.78

-435.52

-484.75

-452.33

-753.54

Mercedes-Benz Group AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-132.42	-201.29	-65.01	-55.50	-535.44

Mercedes-Benz 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-857 Mil.

Mercedes-Benz Group AG (OTCPK:MBGAF) 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.

Mercedes-Benz Group AG's Interest Expense for the three months ended in Dec. 2023 was $-535 Mil. Its Operating Income for the three months ended in Dec. 2023 was $4,315 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $60,080 Mil.

Mercedes-Benz Group AG's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	4315.158	/	-535.442
	=	8.06

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

Mercedes-Benz Group AG (Mercedes-Benz Group AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Mercedes-Benz Group AG (OTCPK:MBGAF) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Mercedesstrasse 120, Stuttgart, BW, DEU, 70372

Website

https://www.daimler.com

Based in Stuttgart, Germany, Mercedes-Benz Group makes premium and luxury passenger vehicles and commercial vans. Brands include Mercedes-Benz, AMG, and Maybach. Mercedes-Benz Mobility provides the company's dealers and its customers with vehicle financing as well as mobility services in ride hailing, car sharing, and charging. Mercedes owns 9.74% of Aston Martin and 9.55% of Beijing Automotive Group. Through Tenaciou3 Prospect Investment, Li Shufu, chair of Chinese automaker Geely, owns 9.69% of Mercedes-Benz. Other major shareholders include Beijing Automotive Group at 9.98% and Kuwait Investment Authority at 4.9% (6.8% before the sale of a 1.9% stake in March 2023).

Executives