Kloeckner SE (FRA:KCO) Interest Expense : €-57 Mil (TTM As of Mar. 2024)

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What is Kloeckner SE Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kloeckner SE's interest expense for the three months ended in Mar. 2024 was € -18 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-57 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. Kloeckner SE's Operating Income for the three months ended in Mar. 2024 was € 5 Mil. Kloeckner SE's Interest Expense for the three months ended in Mar. 2024 was € -18 Mil. Kloeckner SE's Interest Coverage for the quarter that ended in Mar. 2024 was 0.30. 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.

Kloeckner SE Interest Expense Historical Data

The historical data trend for Kloeckner SE'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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Kloeckner SE Interest Expense Chart

Kloeckner SE Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-41.61

-31.29

-25.44

-35.63

-48.98

Kloeckner SE 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															-9.02	-9.17	-13.53	-16.83	-17.52

Kloeckner SE 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 €-57 Mil.

Kloeckner SE (FRA:KCO) 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.

Kloeckner SE's Interest Expense for the three months ended in Mar. 2024 was €-18 Mil. Its Operating Income for the three months ended in Mar. 2024 was €5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €0 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	5.314	/	-17.519
	=	0.30

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

Kloeckner SE (FRA:KCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Kloeckner & Co SE (FRA:KCO) » Definitions » Interest Expense

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Traded in Other Exchanges

0KVR:UK KCO:Germany KCO:Austria

Address

Am Silberpalais 1, Duisburg, DEU, 47057

Website

https://www.kloeckner.com

Kloeckner & Co SE is a German-based steel and metal distributor, as well as an operator of steel service centers. It acts as a connecting link between steel producers and consumers. It provides customers with an optimized, end-to-end solution from procurement through logistics to prefabrication, including individual delivery and 24-hour service. It caters to industries like construction, consumer goods, metal transforming, transportation, machinery manufacturing, mechanical engineering, and others. The company has three operating segments: Kloeckner Metals US, Kloeckner Metals EU, and Kloeckner Metals Non-EU.

Kloeckner SE (FRA:KCO) Headlines

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