Amer Sports (Amer Sports) Interest Expense : $-386 Mil (TTM As of Mar. 2024)

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What is Amer Sports Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Amer Sports's interest expense for the three months ended in Mar. 2024 was $ -68 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-386 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. Amer Sports's Operating Income for the three months ended in Mar. 2024 was $ 110 Mil. Amer Sports's Interest Expense for the three months ended in Mar. 2024 was $ -68 Mil. Amer Sports's Interest Coverage for the quarter that ended in Mar. 2024 was 1.61. 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.

Amer Sports Interest Expense Historical Data

The historical data trend for Amer Sports'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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Amer Sports Interest Expense Chart

Amer Sports Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-260.00

-265.30

-243.90

-401.70

Amer Sports Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial					-83.60	-97.60	-107.00	-113.50	-68.30

Amer Sports 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 $-386 Mil.

Amer Sports (NYSE:AS) 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.

Amer Sports's Interest Expense for the three months ended in Mar. 2024 was $-68 Mil. Its Operating Income for the three months ended in Mar. 2024 was $110 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $2,301 Mil.

Amer Sports'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	*	110.3	/	-68.3
	=	1.61

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Amer Sports Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Amer Sports (Amer Sports) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Amer Sports Inc (NYSE:AS) » Definitions » Interest Expense

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Amer Sports Inc. is a group of sports and outdoor brands, including Arc'teryx, Salomon, Wilson, Atomic, and Peak Performance. It has three reportable segments: Technical Apparel, Outdoor Performance as well and Ball & Racquet Sports. Technical Apparel includes outdoor apparel, footwear, and accessories and consists of the Arc'teryx and Peak Performance brands, Outdoor Performance includes outdoor apparel, footwear, accessories, and winter sports equipment and consists of our Salomon, Atomic, Armada, and ENVE brands, Ball & Racquet Sports includes sports equipment, apparel and accessories and consists of our Wilson, Louisville Slugger, DeMarini, EvoShield, Atec and Luxilon brands, all of which comprise the Wilson Sporting Goods portfolio. Max revenue is generated from Outdoor Performance.

Amer Sports (Amer Sports) Headlines

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