Nordex SE (LTS:0MEC) Interest Expense : €-135 Mil (TTM As of Dec. 2023)

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What is Nordex SE Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nordex SE's interest expense for the three months ended in Dec. 2023 was € -30 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-135 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. Nordex SE's Operating Income for the three months ended in Dec. 2023 was € 14 Mil. Nordex SE's Interest Expense for the three months ended in Dec. 2023 was € -30 Mil. Nordex SE's Interest Coverage for the quarter that ended in Dec. 2023 was 0.48. 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.

Nordex SE Interest Expense Historical Data

The historical data trend for Nordex SE'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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Nordex SE Interest Expense Chart

Nordex SE Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-68.19

-98.43

-122.74

-101.76

-135.25

Nordex SE 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															-31.24	-48.39	-31.55	-25.42	-29.89

Nordex SE 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 €-135 Mil.

Nordex SE (LTS:0MEC) 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.

Nordex SE's Interest Expense for the three months ended in Dec. 2023 was €-30 Mil. Its Operating Income for the three months ended in Dec. 2023 was €14 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was €398 Mil.

Nordex SE'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	*	14.303	/	-29.889
	=	0.48

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

Nordex SE (LTS:0MEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nordex SE (LTS:0MEC) » Definitions » Interest Expense

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NRXXY:USA NRDXF:USA 1NDX:Italy NDX1d:UK NDX1:Germany NDX1:Austria

Address

Langenhorner Chaussee 600, Hamburg, DEU, 22419

Website

https://www.nordex-online.com

Nordex SE is a German company that develops, manufactures, services, and markets wind power systems. The company manages its activities via Projects and Service segments. The projects segment includes all activities associated with the development, production, assembly and commissioning of wind turbines and project development business. The services segment encompasses services and projects for existing turbines after their handover to customers. In particular, this includes technical services such as maintenance and remote monitoring of wind farms as well as repair and technical enhancements for existing turbines. The majority of the sales are done through the projects segment.

Executives

José Luis Blanco Diéguez

Board of Directors

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