Rieter Holding AG (CHIX:RIENZ) Interest Expense : CHF-12 Mil (TTM As of Jun. 2024)

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What is Rieter Holding AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Rieter Holding AG's interest expense for the six months ended in Jun. 2024 was CHF -4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was CHF-12 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. Rieter Holding AG's Operating Income for the six months ended in Jun. 2024 was CHF 2 Mil. Rieter Holding AG's Interest Expense for the six months ended in Jun. 2024 was CHF -4 Mil. Rieter Holding AG's Interest Coverage for the quarter that ended in Jun. 2024 was 0.60. 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.

Rieter Holding AG Interest Expense Historical Data

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

Rieter Holding AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-4.70

-5.00

-5.80

-9.60

-13.10

Rieter Holding AG Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial															-10.10	0.50	-5.30	-7.80	-4.00

Rieter 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was CHF-12 Mil.

Rieter Holding AG (CHIX:RIENz) 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.

Rieter Holding AG's Interest Expense for the six months ended in Jun. 2024 was CHF-4 Mil. Its Operating Income for the six months ended in Jun. 2024 was CHF2 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was CHF129 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	2.4	/	-4
	=	0.60

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

Rieter Holding AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Rieter Holding AG (CHIX:RIENz) » Definitions » Interest Expense

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RTRZY:USA 0QKA:UK RIEN:Switzerland

Address

Klosterstrasse 32, Winterthur, CHE, 8406

Website

https://www.rieter.com

Rieter Holding AG is an industrial machinery manufacturer based in Switzerland. It develops machinery, systems, and components used to convert natural and man-made fibres and their blends into yarns. The company's operating segment includes Machines and Systems, Components and After Sales. It generates maximum revenue from the Machines and Systems segment.

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