Leonardo DRS (XTAE:DRS) Interest Expense : ₪-122 Mil (TTM As of Mar. 2024)

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What is Leonardo DRS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Leonardo DRS's interest expense for the three months ended in Mar. 2024 was ₪ -19 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₪-122 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. Leonardo DRS's Operating Income for the three months ended in Mar. 2024 was ₪ 159 Mil. Leonardo DRS's Interest Expense for the three months ended in Mar. 2024 was ₪ -19 Mil. Leonardo DRS's Interest Coverage for the quarter that ended in Mar. 2024 was 8.60. 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.

Leonardo DRS Interest Expense Historical Data

The historical data trend for Leonardo DRS'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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Leonardo DRS Interest Expense Chart

Leonardo DRS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-240.88

-237.18

-129.71

-126.00

-133.41

Leonardo DRS Quarterly Data
	Dec18	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														-29.65	-33.35	-37.06	-33.35	-18.53

Leonardo DRS 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 ₪-122 Mil.

Leonardo DRS (XTAE:DRS) 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.

Leonardo DRS's Interest Expense for the three months ended in Mar. 2024 was ₪-19 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₪159 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₪1,594 Mil.

Leonardo DRS'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	*	159.352	/	-18.529
	=	8.60

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

Leonardo DRS (XTAE:DRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Leonardo DRS Inc (XTAE:DRS) » Definitions » Interest Expense

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Traded in Other Exchanges

DRS:USA 2VZ:Germany

Address

2345 Crystal Drive, Suite 1000, Arlington, VA, USA, 22202

Website

https://www.leonardodrs.com

Leonardo DRS Inc is a provider of defense products and technologies that are used across land, air, sea, space and cyber domains. The diverse array of defense systems and solutions is offered to all branches of the U.S. military, aerospace and defense prime contractors, government intelligence agencies and international military customers for deployment on a wide range of military platforms.