Interest Expense is the amount reported by a company or individual as an expense for borrowed money. GEA Group AG's interest expense for the
three
months ended in Mar. 2022 was € -7 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Mar. 2022 was €-30 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. GEA Group AG's Operating Income for the
three
months ended in Mar. 2022 was € 81 Mil. GEA Group AG's Interest Expense for the
three
months ended in Mar. 2022 was € -7 Mil.
GEA Group AG's Interest Coverage for the quarter that ended in Mar. 2022 was 12.06.
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.
GEA Group AG 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was €-30 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.
GEA Group AG (CHIX:G1AD) 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.
GEA Group AG's Interest Expense for the
three
months ended in Mar. 2022 was €-7 Mil. Its
Operating Income
for the
three
months ended in Mar. 2022 was €81 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Mar. 2022 was €0 Mil.
GEA Group AG's Interest Coverage for the quarter that ended in Mar. 2022 is calculated as
* 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.
GEA Group AG Business Description
Traded in Other Exchanges
Address
Peter-Muller-Strasse 12, Dusseldorf, DEU, 40468
GEA is an expert in food processing. It manufactures equipment for separation, fluid handling, dairy processing, and dairy farming, and it designs and constructs process lines or entire plants for customers. Based in Germany, the company is a global market leader, with number-one or number-two positions in its markets. Its separators are used in hundreds of different, tailored applications. Every fourth litre of milk, third instant coffee line, third chicken nugget, and second litre of beer globally is processed using the company's specialised equipment.
GEA Group AG Headlines
By tipranks.com 2022-04-08
By tipranks.com 2022-04-06
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