Adient (Adient) Interest Expense : $-191 Mil (TTM As of Mar. 2024)

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What is Adient Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Adient's interest expense for the three months ended in Mar. 2024 was $ -46 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-191 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. Adient's Operating Income for the three months ended in Mar. 2024 was $ 113 Mil. Adient's Interest Expense for the three months ended in Mar. 2024 was $ -46 Mil. Adient's Interest Coverage for the quarter that ended in Mar. 2024 was 2.46. 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.

Adient Interest Expense Historical Data

The historical data trend for Adient'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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Adient Interest Expense Chart

Adient Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-167.00

-216.00

-256.00

-199.00

-193.00

Adient 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															-55.00	-49.00	-48.00	-48.00	-46.00

Adient 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 $-191 Mil.

Adient (NYSE:ADNT) 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.

Adient's Interest Expense for the three months ended in Mar. 2024 was $-46 Mil. Its Operating Income for the three months ended in Mar. 2024 was $113 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $2,401 Mil.

Adient'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	*	113	/	-46
	=	2.46

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

Adient (Adient) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Adient PLC (NYSE:ADNT) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

18I:Germany

Address

3 Dublin Landings, North Wall Quay, IFSC, Dublin 1, Dublin, IRL, D01 H104

Website

https://www.adient.com

Adient began trading Oct. 31, 2016, when Johnson Controls spun off its automotive experience segment into this new company. Adient is the leading seating supplier to the industry with about one third of the global market. Its share in China is now nearly 20%, down from about 45%, following the sale of its main joint venture there at the end of fiscal 2021. Unconsolidated seating revenue from joint ventures after factoring in the sale was about $3.8 billion in fiscal 2023 and consolidated China revenue was $1.4 billion. The company is headquartered in Ireland but has corporate offices in the Detroit area. Fiscal 2023 (Sept. 30 year-end) consolidated revenue, which excludes joint venture sales, was $15.4 billion.

Executives

Jerome J. Dorlack	officer: VP, Seating Americas	5725 DELPHI DRIVE, TROY MI 48098
Peter Carlin	director	101 JFK PARKWAY, SHORT HILLS NJ 07078
Jodi Euerle Eddy	director	C/O BOSTON SCIENTIFIC CORPORATION, 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA 01752
James Conklin	officer: EVP, Americas	ADIENT, 49200 HALYARD DRIVE, PLYMOUTH MI 48170
Heather M Tiltmann	officer: SVP, Gen. Counsel & Secretary	49200 HALYARD DRIVE, PLYMOUTH MI 48170
Douglas G Delgrosso	director, officer: CEO and President
Berthelin Michel Pierre Rose	officer: VP, Seating EMEA	49200 HALYARD DRIVE, PLYMOUTH MI 48170
Jeffrey Stafeil	officer: EVP and CFO	1707 PADDINGTON CIRCLE, KESWICK VA 22947
Gregory Scott Smith	officer: VP & Chief Accounting Officer	49200 HALYARD DRIVE, PLYMOUTH MI 48170
Ricky T Dillon	director	ONE SOUTH WACKER DRIVE, SUITE 1000, CHICAGO IL 60606
Jian James Huang	officer: Vice President, APAC	49200 HALYARD DRIVE, PLYMOUTH MI 48170
Jose M Gutierrez	director	175 E HOUSTON ST. ROOM 216, SAN ANTONIO TX 78205
Frederick A. Henderson	director	SUNCOKE ENERGY, INC., 1011 WARRENVILLE ROAD, SUITE 600, LISLE IL 60532
Cathleen A Ebacher	officer: VP, GC and Secretary	833 E MICHIGAN STREET, SUITE 1100, MILWAUKEE WI 53202
R Bruce Mcdonald	director, officer: Chairman and CEO	ADIENT PLC, 833 E. MICHIGAN STREET, SUITE 1100, MILWAUKEE WI 53202