Krones AG (XTER:KRN) Interest Expense : €-2 Mil (TTM As of Mar. 2024)

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What is Krones AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Krones AG's interest expense for the three months ended in Mar. 2024 was € 0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-2 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. Krones AG's Operating Income for the three months ended in Mar. 2024 was € 88 Mil. Krones AG's Interest Expense for the three months ended in Mar. 2024 was € 0 Mil. GuruFocus does not calculate Krones AG's interest coverage with the available data. 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.

Krones AG Interest Expense Historical Data

The historical data trend for Krones 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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Krones AG Interest Expense Chart

Krones AG Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-14.63

-7.25

-5.53

-3.36

-16.47

Krones AG 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															-	-	-0.50	-1.71	-

Krones 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 €-2 Mil.

Krones AG (XTER:KRN) 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.

Krones AG's Interest Expense for the three months ended in Mar. 2024 was €0 Mil. Its Operating Income for the three months ended in Mar. 2024 was €88 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €134 Mil.

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

GuruFocus does not calculate Krones AG's interest coverage with the available data.

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. Krones AG has enough cash to cover all of its debt. Its financial situation is stable.

Krones AG (XTER:KRN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Krones AG (XTER:KRN) » Definitions » Interest Expense

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Traded in Other Exchanges

KRNTY:USA KRNd:UK 0LQ4:UK

Address

Bohmerwaldstrasse 5, Neutraubling, BY, DEU, 93073

Website

https://www.krones.com

Krones AG offers machinery and systems for filling, packaging, and producing beverages. Part of its product portfolio is information technology and planning associated with logistics and production lines. In addition to packaging, the company has cellar systems to treat and store sensitive beverages. Krones has two reportable segments: product filling and decoration, which is the highest revenue segment, and machines and lines for beverage production and process technology segment. Its customer base includes companies in the beverage, food, chemical, pharmaceutical, and cosmetic industries, but beverage companies account the Krones' revenue. While the company has a presence, Germany remains the central location for the development of machines, lines, and services.

Executives

Christoph Klenk	Board of Directors
Ralf Goldbrunner	Board of Directors
Petra Schadeberg-herrmann	Supervisory Board
Josef Weitzer	Supervisory Board

Krones AG (XTER:KRN) Headlines

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