Elbit Systems (Elbit Systems) Interest Expense

: $-76 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. Elbit Systems's interest expense for the three months ended in Dec. 2023 was $ 16 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-76 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. Elbit Systems's Operating Income for the three months ended in Dec. 2023 was $ 61 Mil. Elbit Systems's Interest Expense for the three months ended in Dec. 2023 was $ 16 Mil. Elbit Systems 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.

Elbit Systems Interest Expense Historical Data

The historical data trend for Elbit Systems'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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Elbit Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-28.19

-23.94

-24.26

-38.93

-76.47

Elbit Systems Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-14.33	-24.21	-32.06	-35.72	15.52

Elbit Systems 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 $-76 Mil.

Elbit Systems (NAS:ESLT) 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.

Elbit Systems's Interest Expense for the three months ended in Dec. 2023 was $16 Mil. Its Operating Income for the three months ended in Dec. 2023 was $61 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $747 Mil.

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

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

Elbit Systems (Elbit Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Elbit Systems Ltd (NAS:ESLT) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ESLT:Israel EB2:Germany

Address

Advanced Technology Center, P.O. Box 539, Haifa, ISR, 3100401

Website

https://www.elbitsystems.com

Elbit Systems Ltd is a technology company involved in producing a portfolio of systems and products for aircraft, land, and naval applications. The company's products are used for defense, homeland security, and commercial flight capabilities. Its systems and solutions may be installed on new platforms, or it may perform a comprehensive modernization program to transform a platform. Elbit Systems gives instructions to its customers on the proper maintenance of its products and will provide support team specialists when the customer cannot fix a problem. The company markets its systems and products as a prime contractor or as a subcontractor to government, defense, and homeland security contractors world wide.