GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Vertiv Holdings Co (FRA:49V) » Definitions » Interest Expense

Vertiv Holdings Co (FRA:49V) Interest Expense : €-149 Mil (TTM As of Sep. 2024)


View and export this data going back to 2020. Start your Free Trial

What is Vertiv Holdings Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vertiv Holdings Co's interest expense for the three months ended in Sep. 2024 was € -32 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was €-149 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. Vertiv Holdings Co's Operating Income for the three months ended in Sep. 2024 was € 345 Mil. Vertiv Holdings Co's Interest Expense for the three months ended in Sep. 2024 was € -32 Mil. Vertiv Holdings Co's Interest Coverage for the quarter that ended in Sep. 2024 was 10.67. 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.

Vertiv Holdings Co Interest Expense Historical Data

The historical data trend for Vertiv Holdings Co'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.

Vertiv Holdings Co Interest Expense Chart

Vertiv Holdings Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial - -123.63 -80.18 -139.05 -165.15

Vertiv Holdings Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -40.76 -39.34 -35.88 -41.62 -32.35

Vertiv Holdings Co 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-149 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.

Vertiv Holdings Co  (FRA:49V) 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.

Vertiv Holdings Co's Interest Expense for the three months ended in Sep. 2024 was €-32 Mil. Its Operating Income for the three months ended in Sep. 2024 was €345 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was €2,761 Mil.

Vertiv Holdings Co's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*345.263/-32.346
=10.67

* 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.

Vertiv Holdings Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Vertiv Holdings Co (FRA:49V) » Definitions » Interest Expense
Comparable Companies
HUBB NVT AYI ATKR ENS PLUG AEIS WIRE HAYW BE SZSE:300750 XSWX:ABBN BKK:DELTA TSE:6503 XPAR:LR SZSE:300124 SZSE:300274 XKRX:247540 SZSE:300014 SHSE:603195
Traded in Other Exchanges
VRT:USA
Address
505 North, Cleveland Avenue, Westerville, OH, USA, 43082
Website
https://www.vertiv.com
Vertiv Holdings Co brings together hardware, software, analytics and ongoing services to ensure its customers vital applications run continuously, perform optimally and grow with their business needs. The company solves the important challenges faced by data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Its services include critical power, thermal management, racks and enclosures, monitoring and management, and other services. Its three business segments include the Americas, Asia Pacific; and Europe, Middle East & Africa.

Vertiv Holdings Co Headlines

No Headlines