Electrolux AB (Electrolux AB) Interest Expense : $-209 Mil (TTM As of Mar. 2024)

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What is Electrolux AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Electrolux AB's interest expense for the three months ended in Mar. 2024 was $ -54 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-209 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. Electrolux AB's Operating Income for the three months ended in Mar. 2024 was $ -69 Mil. Electrolux AB's Interest Expense for the three months ended in Mar. 2024 was $ -54 Mil. Electrolux AB 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.

Electrolux AB Interest Expense Historical Data

The historical data trend for Electrolux 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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Electrolux AB Interest Expense Chart

Electrolux AB Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-56.40

-61.22

-44.89

-70.25

-200.14

Electrolux AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-48.97	-47.08	-48.08	-59.66	-53.79

Electrolux 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-209 Mil.

Electrolux AB (OTCPK:ELRXF) 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.

Electrolux AB's Interest Expense for the three months ended in Mar. 2024 was $-54 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-69 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $3,387 Mil.

Electrolux AB's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Electrolux AB did not have earnings to cover the interest expense.

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

Electrolux AB (Electrolux AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Electrolux AB (OTCPK:ELRXF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ELUXY:USA ELUX B:Sweden ELUX A:Sweden ELUXBs:UK 0MDT:UK ELXC:Germany

Address

Street Goransgatan 143, Stadshagen, Stockholm, SWE, SE-105 45

Website

https://www.electroluxgroup.com

Electrolux AB is a Sweden-based company that is principally engaged in manufacturing home appliances and appliances for professional use. Its products are categorized into kitchen products, laundry products, small appliances, professional kitchen products, professional laundry products, and adjacent products, with kitchen products accounting for more than half of total revenue. The company's brands include Electrolux, AEG, Zanussi, Frigidaire, and Electrolux Grand Cuisine. The company has a business presence, including North America, Europe, Latin America, Africa, the Middle East, and Asia, with North America and Europe jointly contributing over half of the total revenue.