CNH Industrial NV (CNH Industrial NV) Interest Expense : $-1,345 Mil (TTM As of Dec. 2023)

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What is CNH Industrial NV Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CNH Industrial NV's interest expense for the three months ended in Dec. 2023 was $ -404 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-1,345 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. CNH Industrial NV's Operating Income for the three months ended in Dec. 2023 was $ 1,334 Mil. CNH Industrial NV's Interest Expense for the three months ended in Dec. 2023 was $ -404 Mil. CNH Industrial NV's Interest Coverage for the quarter that ended in Dec. 2023 was 3.30. 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.

CNH Industrial NV Interest Expense Historical Data

The historical data trend for CNH Industrial NV'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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CNH Industrial NV Interest Expense Chart

CNH Industrial NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-798.00

-660.00

-549.00

-734.00

-1,345.00

CNH Industrial NV 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															-244.00	-272.00	-323.00	-346.00	-404.00

CNH Industrial NV 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 $-1,345 Mil.

CNH Industrial NV (NYSE:CNHI) 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.

CNH Industrial NV's Interest Expense for the three months ended in Dec. 2023 was $-404 Mil. Its Operating Income for the three months ended in Dec. 2023 was $1,334 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $16,149 Mil.

CNH Industrial NV'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	*	1334	/	-404
	=	3.30

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

CNH Industrial NV (CNH Industrial NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » CNH Industrial NV (NYSE:CNHI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

1CNHI:Italy 1CNHIm:UK 0QGU:UK 37C:Germany 37C:Germany CNHI:Austria

Address

25 St. James's Street, London, GBR, SW1A 1HA

Website

https://www.cnhindustrial.com

CNH Industrial is a global manufacturer of heavy machinery, with a range of products including agricultural and construction equipment. One of its most recognizable brands, Case IH, has served farmers for generations. The company's products are available through a robust dealer network, which includes over 3,600 dealer and distribution locations globally. CNH's finance arm provides retail financing for equipment to its customers in addition to wholesale financing for dealers, which increases the likelihood of product sales.