Fortive (Fortive) Interest Expense : $-135 Mil (TTM As of Mar. 2024)

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What is Fortive Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Fortive's interest expense for the three months ended in Mar. 2024 was $ -44 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-135 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. Fortive's Operating Income for the three months ended in Mar. 2024 was $ 239 Mil. Fortive's Interest Expense for the three months ended in Mar. 2024 was $ -44 Mil. Fortive's Interest Coverage for the quarter that ended in Mar. 2024 was 5.43. 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.

Fortive Interest Expense Historical Data

The historical data trend for Fortive'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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Fortive Interest Expense Chart

Fortive Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-142.60

-148.50

-103.20

-98.30

-123.50

Fortive 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															-32.10	-33.10	-29.80	-28.50	-44.00

Fortive 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 $-135 Mil.

Fortive (NYSE:FTV) 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.

Fortive's Interest Expense for the three months ended in Mar. 2024 was $-44 Mil. Its Operating Income for the three months ended in Mar. 2024 was $239 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $3,942 Mil.

Fortive'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	*	239.1	/	-44
	=	5.43

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

Fortive (Fortive) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Fortive Corp (NYSE:FTV) » Definitions » Interest Expense

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Traded in Other Exchanges

FTV:Mexico F03:Germany F03:Germany F1TV34:Brazil

Address

6920 Seaway Boulevard, Everett, WA, USA, 98203

Website

https://www.fortive.com

Fortive is a diversified industrial technology firm with a broad portfolio of mission-critical products and services that include field solutions, product realization, health, and sensing technologies. The company serves a wide range of end markets, including manufacturing, utilities, medical, and electronics. Fortive generated roughly $5.8 billion in revenue and $1.4 billion in adjusted operating income in 2022.

Executives

Charles E Mclaughlin	officer: SVP - Chief Financial Officer	C/O FORTIVE CORPORATION, 6920 SEAWAY BOULEVARD, EVERETT WA 98203
Patrick K Murphy	officer: Senior Vice President	C/O FORTIVE CORPORATION, 6920 SEAWAY BOULEVARD, EVERETT WA 98203
Christopher M. Mulhall	officer: VP - Chief Accounting Officer	C/O FORTIVE CORPORATION, 6920 SEAWAY BLVD, EVERETT WA 98203
Stacey A. Walker	officer: SVP - Human Resources	C/O FORTIVE CORPORATION, 6920 SEAWAY BOULEVARD, EVERETT WA 98203
Eric Branderiz	director	915 DEGUIGNE DRIVE, PO BOX 3453, SUNNYVALE CA 94088-3453
Alan G Spoon	director, other: Chairman	1150 15TH ST NW, WASHINGTON DC 20071
Tamara S. Newcombe	officer: President & CEO of PT	6920 SEAWAY BLVD., EVERETT WA 98203
Wright Iii Lassiter	director	500 PLAZA DRIVE, C/O QUEST DIAGNOSTICS, SECAUCUS NJ 07094
Barbara B. Hulit	officer: Senior Vice President	C/O FORTIVE CORPORATION, 6920 SEAWAY BLVD, EVERETT WA 98203
Jonathan L Schwarz	officer: VP-Corporate Development	C/O FORTIVE CORPORATION, 6920 SEAWAY BOULEVARD, EVERETT WA 98203
James A Lico	officer: President, CEO and Secretary
Peter C Underwood	officer: SVP-General Counsel/Secretary	200 STATE STREET, BELOIT WI 53511
Olumide Soroye	officer: President & CEO of IOS	6920 SEAWAY BLVD., EVERETT WA 98203
Steven M Rales	director	2200 PENNSYLVANIA AVENUE, NW, SUITE 800W, WASHINGTON DC 20037
William W Pringle	officer: Senior Vice President	C/O FORTIVE CORPORATION, 6920 SEAWAY BOULEVARD, EVERETT WA 98203