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Westinghouse Air Brake Technologies (WBO:WAB) Interest Expense : €-201 Mil (TTM As of Mar. 2024)


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What is Westinghouse Air Brake Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Westinghouse Air Brake Technologies's interest expense for the three months ended in Mar. 2024 was € -43 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-201 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. Westinghouse Air Brake Technologies's Operating Income for the three months ended in Mar. 2024 was € 379 Mil. Westinghouse Air Brake Technologies's Interest Expense for the three months ended in Mar. 2024 was € -43 Mil. Westinghouse Air Brake Technologies's Interest Coverage for the quarter that ended in Mar. 2024 was 8.77. 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.

Westinghouse Air Brake Technologies Interest Expense Historical Data

The historical data trend for Westinghouse Air Brake Technologies'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.

Westinghouse Air Brake Technologies Interest Expense Chart

Westinghouse Air Brake Technologies 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 -197.10 -163.58 -156.65 -175.58 -199.91

Westinghouse Air Brake Technologies Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -44.83 -50.77 -56.22 -50.44 -43.24

Westinghouse Air Brake Technologies 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-201 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.

Westinghouse Air Brake Technologies  (WBO:WAB) 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.

Westinghouse Air Brake Technologies's Interest Expense for the three months ended in Mar. 2024 was €-43 Mil. Its Operating Income for the three months ended in Mar. 2024 was €379 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €3,677 Mil.

Westinghouse Air Brake Technologies's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*379.04/-43.24
=8.77

* 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.

Westinghouse Air Brake Technologies (WBO:WAB) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Westinghouse Air Brake Technologies Corp (WBO:WAB) » Definitions » Interest Expense
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Traded in Other Exchanges
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Address
30 Isabella Street, Pittsburgh, PA, USA, 15212
Website
https://www.wabteccorp.com
Westinghouse Air Brake Technologies Corp is a provider of value-added, technology-based products and services for the rail industry. It provides its products and services through two main business segments, Freight and Transit. The company generates maximum revenue from the Freight segment.