Mettler-Toledo International (FRA:MTO) Interest Expense : €-72 Mil (TTM As of Mar. 2024)

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What is Mettler-Toledo International Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mettler-Toledo International'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 €-72 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. Mettler-Toledo International's Operating Income for the three months ended in Mar. 2024 was € 229 Mil. Mettler-Toledo International's Interest Expense for the three months ended in Mar. 2024 was € -18 Mil. Mettler-Toledo International's Interest Coverage for the quarter that ended in Mar. 2024 was 12.95. 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.

Mettler-Toledo International Interest Expense Historical Data

The historical data trend for Mettler-Toledo International'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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Mettler-Toledo International Interest Expense Chart

Mettler-Toledo International Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-33.67

-31.74

-38.27

-52.29

-70.95

Mettler-Toledo International 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															-16.98	-17.77	-19.00	-18.02	-17.69

Mettler-Toledo International 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 €-72 Mil.

Mettler-Toledo International (FRA:MTO) 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.

Mettler-Toledo International'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 €229 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €1,751 Mil.

Mettler-Toledo International'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	*	229.172	/	-17.693
	=	12.95

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

Mettler-Toledo International (FRA:MTO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Mettler-Toledo International Inc (FRA:MTO) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MTD:USA MTD:Mexico M1TD34:Brazil

Address

1900 Polaris Parkway, Columbus, OH, USA, 43240

Website

https://www.mt.com

Mettler-Toledo supplies weighing and precision instruments to customers in the life sciences, industrial, and food retail industries. Its products include laboratory and retail scales, pipettes, pH meters, thermal analysis equipment, titrators, metal detectors, and X-ray analyzers. Mettler leads the market for weighing instrumentation and controls more than 50% of the market for lab balances. The business is geographically diversified, with sales distribution roughly as follows: United States around 30% of sales, Europe around 30%, China around 20%, and the rest of the world around 20%.

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