GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AMETEK Inc (STU:AK1) » Definitions » Interest Expense

AMETEK (STU:AK1) Interest Expense : €-100 Mil (TTM As of Jun. 2024)


View and export this data going back to 2012. Start your Free Trial

What is AMETEK Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AMETEK's interest expense for the three months ended in Jun. 2024 was € -28 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was €-100 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. AMETEK's Operating Income for the three months ended in Jun. 2024 was € 416 Mil. AMETEK's Interest Expense for the three months ended in Jun. 2024 was € -28 Mil. AMETEK's Interest Coverage for the quarter that ended in Jun. 2024 was 14.63. 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.

AMETEK Interest Expense Historical Data

The historical data trend for AMETEK'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.

* Premium members only.

AMETEK Interest Expense Chart

AMETEK Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -79.63 -70.74 -71.14 -78.53 -75.01

AMETEK Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -17.28 -17.23 -22.12 -32.43 -28.42

AMETEK 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-100 Mil.

* 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.

AMETEK  (STU:AK1) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

AMETEK's Interest Expense for the three months ended in Jun. 2024 was €-28 Mil. Its Operating Income for the three months ended in Jun. 2024 was €416 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was €1,694 Mil.

AMETEK's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*415.741/-28.418
=14.63

* 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.

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

AMETEK Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AMETEK Inc (STU:AK1) » Definitions » Interest Expense
Comparable Companies
IR OTIS CMI XYL ROK DOV PNR EMR IEX NDSN XTER:SIE XPAR:SU ETN PH OSTO:ATCO A ITW TSE:7011 BSP:WEGE3 XTER:ENR XSWX:SCHN
Traded in Other Exchanges
AME:USA AME:Mexico 0HF7:UK A1ME34:Brazil AME:Austria
Address
1100 Cassatt Road, Berwyn, PA, USA, 19312-1177
Website
https://www.ametek.com
Ametek Inc is a diversified industrial conglomerate with over $6 billion in sales. The firm operates through an electronic instruments group and an electromechanical group. EIG designs and manufactures differentiated and advanced instruments for the process, aerospace, power, and industrial end markets, and generates major revenue. EMG is a focused, niche supplier of highly engineered automation solutions, thermal management systems, specialty metals, and electrical interconnects, among other products. The majority of the firm's sales are made in the United States. The firm's asset-light strategy in place for nearly two decades emphasizes growth through acquisitions, new product development through research and development, driving operational efficiencies, and global and market expansion.

AMETEK Headlines

No Headlines