Ceconomy AG (Ceconomy AG) Interest Expense : $-194 Mil (TTM As of Dec. 2023)

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What is Ceconomy AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ceconomy AG's interest expense for the three months ended in Dec. 2023 was $ -61 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-194 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. Ceconomy AG's Operating Income for the three months ended in Dec. 2023 was $ 243 Mil. Ceconomy AG's Interest Expense for the three months ended in Dec. 2023 was $ -61 Mil. Ceconomy AG's Interest Coverage for the quarter that ended in Dec. 2023 was 3.98. 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.

Ceconomy AG Interest Expense Historical Data

The historical data trend for Ceconomy 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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Ceconomy AG Interest Expense Chart

Ceconomy AG Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-44.05

-70.67

-78.82

-70.30

-165.42

Ceconomy 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	Get a 7-Day Free Trial															-36.02	-36.40	-30.34	-66.17	-61.07

Ceconomy 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 $-194 Mil.

Ceconomy AG (OTCPK:MTTRY) 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.

Ceconomy AG's Interest Expense for the three months ended in Dec. 2023 was $-61 Mil. Its Operating Income for the three months ended in Dec. 2023 was $243 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $2,113 Mil.

Ceconomy 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	*	243.184	/	-61.069
	=	3.98

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

Ceconomy AG (Ceconomy AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Ceconomy AG (OTCPK:MTTRY) » Definitions » Interest Expense

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Traded in Other Exchanges

1CEC:Italy CECd:UK 0MPM:UK CEC:Germany CEC:Germany CEC:Germany CEC:Germany CEC:Austria

Address

Kaistrasse 3, Dusseldorf, NW, DEU, 40221

Website

https://www.ceconomy.de

Ceconomy AG is engaged in the consumer electronics retail business. It operates multichannel consumer electronics stores under the MediaMarkt and Saturn brand names; redcoon.de, an online electronics store; and JUKE, a music streaming service that comprises songs, films, games, and e-books. The company also operates iBOOD, a live-shopping portal; Flip4New, a purchasing service for consumer electronics, which allows customers to sell used electronic articles; and LocaFox, a local commerce platform that connects local retailers with the multichannel world. Its operating segment includes DACH; Western/ Southern Europe; Eastern Europe and others. The company derives a majority of its revenue from the DACH segment which includes Germany, Austria, Switzerland, and Hungary.

Ceconomy AG (Ceconomy AG) Headlines

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