Schindler Holding AG (XSWX:SCHP) Interest Expense : CHF0 Mil (TTM As of Mar. 2024)

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What is Schindler Holding AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Schindler Holding AG's interest expense for the three months ended in Mar. 2024 was CHF 0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was CHF0 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. Schindler Holding AG's Operating Income for the three months ended in Mar. 2024 was CHF 292 Mil. Schindler Holding AG's Interest Expense for the three months ended in Mar. 2024 was CHF 0 Mil. Schindler Holding AG has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Schindler Holding AG Interest Expense Historical Data

The historical data trend for Schindler Holding 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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Schindler Holding AG Interest Expense Chart

Schindler Holding AG Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-37.00

-26.00

-25.00

-28.00

-33.00

Schindler Holding AG Quarterly Data
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Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-

Schindler Holding 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF0 Mil.

Schindler Holding AG (XSWX:SCHP) 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.

Schindler Holding AG's Interest Expense for the three months ended in Mar. 2024 was CHF0 Mil. Its Operating Income for the three months ended in Mar. 2024 was CHF292 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was CHF0 Mil.

Schindler Holding AG's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Schindler Holding AG had no long-term debt ⁽¹⁾.

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Schindler Holding AG has enough cash to cover all of its debt. Its financial situation is stable.

Schindler Holding AG (XSWX:SCHP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Schindler Holding AG (XSWX:SCHP) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

SHLRF:USA SHLAF:USA SCHP:Mexico SCHNz:UK SCHPz:UK 0QO1:UK SCHN:Switzerland

Address

Seestrasse 55, Hergiswil, CHE, 6052

Website

https://www.schindler.com

Switzerland-based Schindler is a top-four global supplier of elevators and escalators. The business generates revenue in three ways: selling new elevators and escalators, modernizing old equipment, and servicing existing installations. Most of the company's profit comes from the last activity, where contracts are rolled over annually with built-in price increases. Ninety percent of its business is in elevators, which are more numerous globally than escalators. Its business model is similar to that of closest competitors Otis, Kone, and TK Elevator.