Essilorluxottica (Essilorluxottica) Interest Expense : $-215 Mil (TTM As of Dec. 2023)

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What is Essilorluxottica Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Essilorluxottica's interest expense for the six months ended in Dec. 2023 was $ -150 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-215 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. Essilorluxottica's Operating Income for the six months ended in Dec. 2023 was $ 1,485 Mil. Essilorluxottica's Interest Expense for the six months ended in Dec. 2023 was $ -150 Mil. Essilorluxottica's Interest Coverage for the quarter that ended in Dec. 2023 was 9.87. 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.

Essilorluxottica Interest Expense Historical Data

The historical data trend for Essilorluxottica'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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Essilorluxottica Interest Expense Chart

Essilorluxottica Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-190.00

-171.53

-159.32

-165.25

-215.92

Essilorluxottica Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-93.79	-68.71	-96.40	-65.01	-150.49

Essilorluxottica 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 semi-annually data reported by the company within the most recent 12 months, which was $-215 Mil.

Essilorluxottica (OTCPK:ESLOF) 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.

Essilorluxottica's Interest Expense for the six months ended in Dec. 2023 was $-150 Mil. Its Operating Income for the six months ended in Dec. 2023 was $1,485 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $9,769 Mil.

Essilorluxottica'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	*	1485.278	/	-150.491
	=	9.87

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

Essilorluxottica (Essilorluxottica) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Essilorluxottica (OTCPK:ESLOF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ESLOY:USA EL:Italy ELp:UK 0OMK:UK EL:France ESL:Germany ESLC:Germany ESL:Germany ESL:Germany ESL:Germany EI:Austria

Address

147, Rue de Paris, Charenton-Le-Pont, Paris, FRA, 94220

Website

https://www.essilorluxottica.com

EssilorLuxottica is a combination of the leading manufacturer of premium frames and sunglasses and the leading manufacturer of optical lenses. Both companies are significantly larger than the next biggest player in their respective fields and command over 15% of the fragmented global eyewear market. The company has a broad geographical presence, with around 36% of sales in Europe, 47% in North America, and the rest in Asia and Latin America.

Essilorluxottica (Essilorluxottica) Headlines

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