Smiths Group (Smiths Group) Interest Expense : $-95 Mil (TTM As of Jan. 2024)

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What is Smiths Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Smiths Group's interest expense for the six months ended in Jan. 2024 was $ -42 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was $-95 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. Smiths Group's Operating Income for the six months ended in Jan. 2024 was $ 313 Mil. Smiths Group's Interest Expense for the six months ended in Jan. 2024 was $ -42 Mil. Smiths Group's Interest Coverage for the quarter that ended in Jan. 2024 was 7.45. 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.

Smiths Group Interest Expense Historical Data

The historical data trend for Smiths Group'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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Smiths Group Interest Expense Chart

Smiths Group Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Interest Expense

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-87.17

-76.24

-70.44

-65.95

-109.54

Smiths Group Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Interest Expense	Get a 7-Day Free Trial															-32.52	-37.17	-53.86	-52.84	-41.93

Smiths Group 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 Jan. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-95 Mil.

Smiths Group (OTCPK:SMGZY) 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.

Smiths Group's Interest Expense for the six months ended in Jan. 2024 was $-42 Mil. Its Operating Income for the six months ended in Jan. 2024 was $313 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jan. 2024 was $804 Mil.

Smiths Group's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jan. 2024 )	/	Interest Expense (Q: Jan. 2024 )
	=	-1	*	312.579	/	-41.931
	=	7.45

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

Smiths Group (Smiths Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Smiths Group PLC (OTCPK:SMGZY) » Definitions » Interest Expense

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Traded in Other Exchanges

SMGKF:USA SMINl:UK SMIN:UK QS2A:Germany

Address

11-12 St James’s Square, 4th Floor, London, GBR, SW1Y 4LB

Website

https://www.smiths.com

With its start as a London jeweler in the 19th century, Smiths Group has for most of its history operated as a company operating disparate but economically attractive businesses. Thematically, it runs businesses that manufacture niche products in security- or safety-sensitive industries. Today, the business is split across four divisions: mechanical seals, weapons detection, electrical connectors, and specialized hoses. The end customers for these products include airports, NASA, government security or defense departments, and hospitals.