Siemens Energy AG (WBO:ENR) Interest Expense : €-295 Mil (TTM As of Dec. 2023)

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What is Siemens Energy AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Siemens Energy AG's interest expense for the three months ended in Dec. 2023 was € -60 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-295 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. Siemens Energy AG's Operating Income for the three months ended in Dec. 2023 was € 76 Mil. Siemens Energy AG's Interest Expense for the three months ended in Dec. 2023 was € -60 Mil. Siemens Energy AG's Interest Coverage for the quarter that ended in Dec. 2023 was 1.27. 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.

Siemens Energy AG Interest Expense Historical Data

The historical data trend for Siemens Energy AG'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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Siemens Energy AG Interest Expense Chart

Siemens Energy AG Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-355.00

-176.00

-126.00

-147.00

-289.00

Siemens Energy AG Quarterly Data
	Sep18	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															-54.00	-76.00	-77.00	-82.00	-60.00

Siemens Energy AG 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 €-295 Mil.

Siemens Energy AG (WBO:ENR) 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.

Siemens Energy AG's Interest Expense for the three months ended in Dec. 2023 was €-60 Mil. Its Operating Income for the three months ended in Dec. 2023 was €76 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was €3,208 Mil.

Siemens Energy AG'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	*	76	/	-60
	=	1.27

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

Siemens Energy AG (WBO:ENR) Business Description

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Address

Otto-Hahn-Ring 6, Munich, BY, DEU, 81739

Website

https://www.siemens-energy.com

Siemens Energy AG manufactures a wide range of equipment used to generate and transmit energy. The group is a product of the spinout from Siemens AG in 2020, consisting of the power and gas segment and Siemens Gamesa, although its operations go back over 150 years. Approximately one sixth of global electricity generation is based on its technology.