Dover (DOV) Interest Expense

: $-131 Mil (TTM As of Dec. 2023)

View and export this data going back to 1956. Start your Free Trial

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Dover's interest expense for the three months ended in Dec. 2023 was $ -31 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-131 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. Dover's Operating Income for the three months ended in Dec. 2023 was $ 354 Mil. Dover's Interest Expense for the three months ended in Dec. 2023 was $ -31 Mil. Dover's Interest Coverage for the quarter that ended in Dec. 2023 was 11.47. 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.

Dover Interest Expense Historical Data

The historical data trend for Dover'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.

Dover Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-125.82

-111.94

-106.32

-116.46

-131.31

Dover Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-33.13	-34.21	-33.80	-32.39	-30.90

Dover 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 $-131 Mil.

Dover (NYSE:DOV) 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.

Dover's Interest Expense for the three months ended in Dec. 2023 was $-31 Mil. Its Operating Income for the three months ended in Dec. 2023 was $354 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $3,165 Mil.

Dover'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	*	354.472	/	-30.898
	=	11.47

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

Dover (DOV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Dover Corp (NYSE:DOV) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

DOV:Germany DOV:Germany

Address

3005 Highland Parkway, Downers Grove, IL, USA, 60515

Website

https://www.dovercorporation.com

Dover is a diversified industrial manufacturing company with products and services that include digital printing for fast-moving consuming goods, marking and coding for the food and beverage industry, loaders for the waste collection industry, pumps for the transport of fluids, including petroleum and natural gas, and commercial refrigerators used in groceries and convenience stores. Most of the business operates in the United States. After the spinoff of Apergy, the company operates through five segments: engineered systems, clean energy and fueling solutions, imaging and identification, pumps and process solutions, and climate and sustainability technologies equipment.

Executives

Brad M Cerepak	officer: Senior Vice President and CFO	C/O DOVER CORPORATION, 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Anthony K Kosinski	officer: Vice President, Tax	3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Marc A Howze	director	DEERE & COMPANY, ONE JOHN DEERE PLACE, MOLINE IL 61265
Danita K Ostling	director	1665 UTICA AVENUE, ST. LOUIS PARK MN 55416
Michael Mark Manley	director	1000 CHRYSLER DRIVE, CIMS 485-09-96, AUBURN HILLS MI 48326
David J. Malinas	officer: SVP, Operations	36411 SOUTH PARK DRIVE, AVON OH 44011
Richard J Tobin	director, officer: CEO and President	3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Kristiane C Graham	director	C/O DOVER CORPORATION, 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Ivonne M Cabrera	officer: SVP and General Counsel	C/O DOVER CORPORATION, 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Kimberly Bors	officer: SVP, Human Resources	C/O DOVER CORPORATION, 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Ryan Paulson	officer: VP, Controller	3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
James M Moran	officer: Vice President, Treasurer	C/O DOVER CORPORATION, 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Girish Juneja	officer: SVP, Chief Digital Officer	3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Deborah L Dehaas	director	3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Mary A Winston	director	557 BROADWAY, C/O SCHOLASTIC CORP, NEW YORK NY 10012