American Axle & Mfg Holdings (American Axle & Mfg Holdings) Interest Expense : $-202 Mil (TTM As of Dec. 2023)

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What is American Axle & Mfg Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. American Axle & Mfg Holdings's interest expense for the three months ended in Dec. 2023 was $ -50 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-202 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. American Axle & Mfg Holdings's Operating Income for the three months ended in Dec. 2023 was $ 38 Mil. American Axle & Mfg Holdings's Interest Expense for the three months ended in Dec. 2023 was $ -50 Mil. American Axle & Mfg Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 0.75. 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.

American Axle & Mfg Holdings Interest Expense Historical Data

The historical data trend for American Axle & Mfg Holdings'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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American Axle & Mfg Holdings Interest Expense Chart

American Axle & Mfg Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-217.30

-212.30

-195.20

-174.50

-201.70

American Axle & Mfg Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-42.30	-50.50	-50.20	-50.80	-50.20

American Axle & Mfg Holdings 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-202 Mil.

American Axle & Mfg Holdings (NYSE:AXL) 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.

American Axle & Mfg Holdings's Interest Expense for the three months ended in Dec. 2023 was $-50 Mil. Its Operating Income for the three months ended in Dec. 2023 was $38 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $2,847 Mil.

American Axle & Mfg Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	37.8	/	-50.2
	=	0.75

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

American Axle & Mfg Holdings (American Axle & Mfg Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » American Axle & Mfg Holdings Inc (NYSE:AXL) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

AYA:Germany

Address

One Dauch Drive, Detroit, MI, USA, 48211-1198

Website

https://www.aam.com

American Axle & Mfg Holdings Inc is engaged in manufacturing, engineering, designing and validation of driveline systems and related components and chassis modules for light trucks, SUVs, crossover vehicles, passenger cars, and commercial vehicles. The company's segment includes Driveline and Metal Forming. It generates maximum revenue from the Driveline segment.

Executives

Terri M. Kemp	officer: Senior VP Human Resources	ONE DAUCH DRIVE, DETROIT MI 48211
Matthew K. Paroly	officer: VP & General Counsel	ONE DAUCH DRIVE, DETROIT MI 48211
Norman Willemse	officer: VP, Metal Form Prod. Bus. Unit	ONE DAUCH DRIVE, DETROIT MI 48211-1198
James A Mccaslin	director
Herbert K Parker	director	38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304
John F. Smith	director	ONE DAUCH DR., DETROIT MI 48211
Tolga I Oal	officer: President, AAM North America	201 ISABELLA STREET, PITTSTBURGH PA 15212
Alberto L Satine	officer: VP-Procurement	ONE DAUCH DRIVE, DETROIT MI 48211
Sandra E. Pierce	director	2555 TELEGRAPH RD., BLOOMFIELD HILLS MI 48302
Miller William P Ii	director	20 S. WACKER DR., CHICAGO IL 60606
Michael Joseph Lynch	officer: VP Finance & Controller	ONE DAUCH DRIVE, DETROIT MI 48211
Michael K Simonte	officer: VP & Treasurer	ONE DAUCH DRIVE, DETROIT MI 48211-1198
Bowes Timothy Earl Joseph	officer: Senior VP Corporate Planning	2135 WEST MAPLE ROAD, TROY MI 48084
Elizabeth Anne Chappell	director	ONE DAUCH DRIVE, DETROIT MI 48211
Christopher John May	officer: VP & CFO	ONE DAUCH DRIVE, DETROIT MI 48211