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Dover Corp  (NYSE:DOV) Interest Expense: \$-127 Mil (TTM As of Mar. 2019)

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Dover Corp's interest expense for the three months ended in Mar. 2019 was \$ -32 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2019 was \$-127 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. Dover Corp's Operating Income for the three months ended in Mar. 2019 was \$ 215 Mil. Dover Corp's Interest Expense for the three months ended in Mar. 2019 was \$ -32 Mil. Dover Corp's Interest Coverage for the quarter that ended in Mar. 2019 was 6.76. 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.

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Dover Corp Annual Data

 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Interest Expense     -131.69 -131.68 -135.97 -144.95 -130.97

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. 2019 was -32.125 (Jun. 2018 ) + -31.192 (Sep. 2018 ) + -32.015 (Dec. 2018 ) + -31.808 (Mar. 2019 ) = \$-127 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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.

Dover Corp's Interest Expense for the three months ended in Mar. 2019 was \$-32 Mil. Its Operating Income for the three months ended in Mar. 2019 was \$215 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2019 was \$2,941 Mil.

Dover Corp's Interest Coverage for the quarter that ended in Mar. 2019 is calculated as

 Interest Coverage = -1 * Operating Income (Q: Mar. 2019 ) / Interest Expense (Q: Mar. 2019 ) = -1 * 215.076 / -31.808 = 6.76

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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