Allegion (Allegion) Interest Expense : $-92 Mil (TTM As of Mar. 2024)

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What is Allegion Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Allegion's interest expense for the three months ended in Mar. 2024 was $ -23 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-92 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. Allegion's Operating Income for the three months ended in Mar. 2024 was $ 172 Mil. Allegion's Interest Expense for the three months ended in Mar. 2024 was $ -23 Mil. Allegion's Interest Coverage for the quarter that ended in Mar. 2024 was 7.52. 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.

Allegion Interest Expense Historical Data

The historical data trend for Allegion'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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Allegion Interest Expense Chart

Allegion Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-56.00

-51.10

-50.20

-75.90

-93.10

Allegion 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															-23.60	-23.70	-22.90	-22.90	-22.90

Allegion 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 $-92 Mil.

Allegion (NYSE:ALLE) 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.

Allegion's Interest Expense for the three months ended in Mar. 2024 was $-23 Mil. Its Operating Income for the three months ended in Mar. 2024 was $172 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1,600 Mil.

Allegion'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	*	172.1	/	-22.9
	=	7.52

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

Allegion (Allegion) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Allegion PLC (NYSE:ALLE) » Definitions » Interest Expense

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A1GN34:Brazil

Address

Harcourt Road, Iveagh Court, Block D, Dublin 2, IRL, D02 VH94

Website

https://www.allegion.com

Allegion is a global security products company with a portfolio of leading brands such as Schlage, Von Duprin, and LCN. The Ireland-domiciled company was created via a spinoff transaction from Ingersoll-Rand in December 2013. In fiscal 2022, Allegion generated 73% of sales in the United States. The company mainly competes with Sweden-based Assa Abloy and Switzerland-based Dormakaba.

Executives

Robert C. Martens	officer: SVP Chief Innovation & Design	C/O SCHLAGE LOCK COMPANY LLC, 11819 N. PENNSYLVANIA STREET, CARMEL IN 46032
Sue Main	director	TELEDYNE TECHNOLOGIES INCORPORATED, 1049 CAMINO DOS RIOS, THOUSAND OAKS CA 91360
Jennifer L Preczewski	officer: VP ? Chief HR Officer	C/O SCHLAGE LOCK COMPANY LLC, 11819 N. PENNSYLVANIA STREET, CARMEL IN 46032
John H Stone	director, officer: President and CEO	C/O SCHLAGE LOCK COMPANY LLC, 11819 N. PENNSYLVANIA STREET, CARMEL IN 46032
Jeffrey N Braun	officer: SVP & General Counsel	C/O SCHLAGE LOCK COMPANY LLC, 11819 N. PENNSYLVANIA STREET, CARMEL IN 46032
Ellen Rubin	director	11 CLEMENTS ROAD, NEWTON MA 02458
Timothy P Eckersley	officer: Sr. VP-Allegion International	C/O SCHLAGE LOCK COMPANY, LLC, 11819 N. PENNSYLVANIA STREET, CARMEL IN 46032
Tracy L Kemp	officer: Sr. Vice President	C/O SCHLAGE LOCK COMPANY LLC, 11819 N PENNSYLVANIA ST, CARMEL IN 46032
Michael J. Wagnes	officer: Sr. VP & CFO	C/O SCHLAGE LOCK COMPANY LLC, 11819 N. PENNSYLVANIA STREET, CARMEL IN 46032
David S. Ilardi	officer: SVP - Allegion Americas	C/O SCHLAGE LOCK COMPANY LLC, 11819 N. PENNSYLVANIA STREET, CARMEL IN 46032
Nickolas A. Musial	officer: VP, Controller & CAO	C/O SCHLAGE LOCK COMPANY LLC, 11819 N. PENNSYLVANIA STREET, CARMEL IN 46032
David D Petratis	officer: President & CEO	1415 ROSELLE ROAD, PALATINE IL 60067
Douglas P Ranck	officer: V. President/Controller	C/O SCHLAGE LOCK COMPANY, LLC, 11819 N. PENNSYLVANIA STREET, CARMEL IN 46032
Patrick S Shannon	director, officer: Sr. V. President & CFO	C/O SCHLAGE LOCK COMPANY, LLC, 11819 N. PENNSYLVANIA STREET, CARMEL IN 46032
Lauren B Peters	director	FOOT LOCKER INC, 112 WEST 34TH STREET 4TH FL, NEW YORK NY 10120