Cargotec Oyj (Cargotec Oyj) Interest Expense : $-28 Mil (TTM As of Dec. 2023)

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What is Cargotec Oyj Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cargotec Oyj's interest expense for the three months ended in Dec. 2023 was $ 5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-28 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. Cargotec Oyj's Operating Income for the three months ended in Dec. 2023 was $ 110 Mil. Cargotec Oyj's Interest Expense for the three months ended in Dec. 2023 was $ 5 Mil. Cargotec Oyj did not have earnings to cover the interest expense. 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.

Cargotec Oyj Interest Expense Historical Data

The historical data trend for Cargotec Oyj'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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Cargotec Oyj Interest Expense Chart

Cargotec Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-28.56

-31.27

-24.07

-19.81

-28.79

Cargotec Oyj 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															-0.53	-11.35	-12.68	-9.50	5.23

Cargotec Oyj 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 $-28 Mil.

Cargotec Oyj (OTCPK:CYJBF) 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.

Cargotec Oyj's Interest Expense for the three months ended in Dec. 2023 was $5 Mil. Its Operating Income for the three months ended in Dec. 2023 was $110 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $772 Mil.

Cargotec Oyj's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

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

Cargotec Oyj (Cargotec Oyj) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Cargotec Oyj (OTCPK:CYJBF) » Definitions » Interest Expense

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0MGH:UK CGCBV:Finland C1C:Germany

Address

Porkkalankatu 5, Helsinki, FIN, 00180

Website

https://www.cargotec.com

Cargotec Oyj provides cargo and load handling solutions. Its product portfolio consists of a wide range of handling equipment and solutions, including services for terminals and distribution centers, spare parts for on-road delivery, and systems for handling marine cargo. Mobile equipment mixed with automation and energy-efficient offerings helps customers integrate different handling processes. Cargotec operates three business segments: Kalmar, Hiab, and MacGregor. The majority of sales derive from distributing products, but a global network offers services and components. Customers range from small businesses to large national organizations. The company has established customer relationships in Europe/Middle East/Africa, Asia-Pacific, and the Americas.

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