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Kering (Kering) Interest Expense : $-393 Mil (TTM As of Dec. 2023)


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What is Kering Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kering's interest expense for the six months ended in Dec. 2023 was $ -250 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-393 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. Kering's Operating Income for the six months ended in Dec. 2023 was $ 2,189 Mil. Kering's Interest Expense for the six months ended in Dec. 2023 was $ -250 Mil. Kering's Interest Coverage for the quarter that ended in Dec. 2023 was 8.76. 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.

Kering Interest Expense Historical Data

The historical data trend for Kering'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.

* Premium members only.

Kering Interest Expense Chart

Kering Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -194.44 -198.30 -171.75 -191.74 -393.68

Kering 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -76.84 -82.45 -109.11 -143.01 -249.73

Kering 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 $-393 Mil.

* 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.

Kering  (OTCPK:PPRUY) Interest Expense 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.

Kering's Interest Expense for the six months ended in Dec. 2023 was $-250 Mil. Its Operating Income for the six months ended in Dec. 2023 was $2,189 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $15,128 Mil.

Kering'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*2188.659/-249.727
=8.76

* 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.

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

Kering (Kering) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Kering SA (OTCPK:PPRUY) » Definitions » Interest Expense
Comparable Companies
XPAR:DPT XPAR:MLCLI XPAR:CDI XPAR:MC XPAR:RMS XSWX:CFR NSE:TITAN HKSE:01913 HKSE:01929 OCSE:PNDORA XSWX:UHR TPR MIL:BC LSE:BRBY BOM:543278 SIG SHSE:600612 CPRI SHSE:600916 SZSE:002867
Traded in Other Exchanges
PPRUF:USA KER:Italy KERp:UK 0IIH:UK KER:France PPXB:Germany KER:Austria
Address
40 Rue de Sevres, Paris, FRA, 75007
Website
https://www.kering.com
Kering is the world's second-largest luxury goods conglomerate after LVMH. Its flagship brand is Gucci, which accounts for over 50% of revenue and almost 70% of operating profits. Its other leading brands include Bottega Veneta and Saint Laurent. Other smaller luxury brands (in ready-to-wear, leather goods, and jewellery) generate 19% of sales. Alexander McQueen, Balenciaga, and Boucheron are part of Kering's portfolio.

Kering (Kering) Headlines

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