Hennes & Mauritz AB (Hennes & Mauritz AB) Interest Expense : $-158 Mil (TTM As of Feb. 2024)

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What is Hennes & Mauritz AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hennes & Mauritz AB's interest expense for the three months ended in Feb. 2024 was $ -45 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was $-158 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. Hennes & Mauritz AB's Operating Income for the three months ended in Feb. 2024 was $ 201 Mil. Hennes & Mauritz AB's Interest Expense for the three months ended in Feb. 2024 was $ -45 Mil. Hennes & Mauritz AB's Interest Coverage for the quarter that ended in Feb. 2024 was 4.44. 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.

Hennes & Mauritz AB Interest Expense Historical Data

The historical data trend for Hennes & Mauritz 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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Hennes & Mauritz AB Interest Expense Chart

Hennes & Mauritz AB Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Interest Expense

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-34.34

-150.05

-131.54

-104.17

-200.86

Hennes & Mauritz AB Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial															-31.49	-39.75	-33.80	-38.99	-45.17

Hennes & Mauritz 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-158 Mil.

Hennes & Mauritz AB (OTCPK:HNNMY) 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.

Hennes & Mauritz AB's Interest Expense for the three months ended in Feb. 2024 was $-45 Mil. Its Operating Income for the three months ended in Feb. 2024 was $201 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was $4,598 Mil.

Hennes & Mauritz AB's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2024 )	/	Interest Expense (Q: Feb. 2024 )
	=	-1	*	200.545	/	-45.173
	=	4.44

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

Hennes & Mauritz AB (Hennes & Mauritz AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Hennes & Mauritz AB (OTCPK:HNNMY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

HMRZF:USA HM B:Sweden HMBs:UK 0HBP:UK HMSA:Germany HMSB:Germany HMSB:Germany HMSB:Germany HMSB:Germany

Address

Master Samuelsgatan 46A, Stockholm, SWE, SE-106 38

Website

https://www.hmgroup.com

Hennes & Mauritz is a global multibrand fashion conglomerate that was founded in 1947. Its flagship H&M brand accounts for most of revenue, but the newer brands (COS, &Other Stories, Monki, Weekday, and newly launched Arket) are growing a bit faster. H&M commands low-single-digit market share in a fragmented global apparel market. Just under 70% of revenue is generated in Europe and Africa, 14% in Asia and Oceania, and 23% in North and South America. The company operates around 4,400 stores globally of which 3,947 are H&M-brand stores.

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