Grenke AG (Grenke AG) Interest Expense : $-27.4 Mil (TTM As of Mar. 2024)

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What is Grenke AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Grenke AG's interest expense for the three months ended in Mar. 2024 was $ -7.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-27.4 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. Grenke AG's Operating Income for the three months ended in Mar. 2024 was $ 53.7 Mil. Grenke AG's Interest Expense for the three months ended in Mar. 2024 was $ -7.0 Mil. Grenke AG's Interest Coverage for the quarter that ended in Mar. 2024 was 7.62. 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.

Grenke AG Interest Expense Historical Data

The historical data trend for Grenke AG'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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Grenke AG Interest Expense Chart

Grenke AG Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-5.75

-13.39

-14.77

-9.22

-26.05

Grenke AG 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															-5.43	-5.65	-6.56	-8.13	-7.05

Grenke AG 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 $-27.4 Mil.

Grenke AG (OTCPK:GKSGF) 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.

Grenke AG's Interest Expense for the three months ended in Mar. 2024 was $-7.0 Mil. Its Operating Income for the three months ended in Mar. 2024 was $53.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $2,515.2 Mil.

Grenke AG'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	*	53.722	/	-7.046
	=	7.62

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

Grenke AG (Grenke AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Grenke AG (OTCPK:GKSGF) » Definitions » Interest Expense

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Traded in Other Exchanges

0R97:UK GLJ:Germany

Address

Neuer Markt 2, Baden-Baden, DEU, 76532

Website

https://www.grenke.de

Grenke AG is a financial-services company that, under a franchise model, provides operational infrastructure, the licensing of the group's name to contracted parties, and other support services. The firm retains the right to acquire the franchisee based on a predetermined formula and time frame. Grenke's reporting segments include Leasing, Banking, and Factoring. The Leasing segment produces the most revenue. GRENKE Bank's actions compose the banking segment, primarily including acting as the financing partner for SMEs. The Factoring segment includes mainly small-ticket factoring services. The company operates primarily in Europe, with the most revenue coming from Ireland and Germany.