ABC Technologies Holdings (FRA:9DK) Interest Expense : €-41 Mil (TTM As of Jun. 2023)

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What is ABC Technologies Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ABC Technologies Holdings's interest expense for the three months ended in Jun. 2023 was € -14 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was €-41 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. ABC Technologies Holdings's Operating Income for the three months ended in Jun. 2023 was € 12 Mil. ABC Technologies Holdings's Interest Expense for the three months ended in Jun. 2023 was € -14 Mil. ABC Technologies Holdings's Interest Coverage for the quarter that ended in Jun. 2023 was 0.87. 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.

ABC Technologies Holdings Interest Expense Historical Data

The historical data trend for ABC Technologies Holdings'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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ABC Technologies Holdings Interest Expense Chart

ABC Technologies Holdings Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-13.13

-27.49

-25.55

-28.02

-40.37

ABC Technologies Holdings Quarterly Data
	Jun18	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Interest Expense	Get a 7-Day Free Trial												-7.12	-8.49	-8.74	-10.33	-13.87

ABC Technologies Holdings 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €-41 Mil.

ABC Technologies Holdings (FRA:9DK) 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.

ABC Technologies Holdings's Interest Expense for the three months ended in Jun. 2023 was €-14 Mil. Its Operating Income for the three months ended in Jun. 2023 was €12 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2023 was €721 Mil.

ABC Technologies Holdings's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	12.095	/	-13.868
	=	0.87

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. ABC Technologies Holdings Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

ABC Technologies Holdings (FRA:9DK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ABC Technologies Holdings Inc (FRA:9DK) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Norelco Drive, Toronto, ON, CAN, M9L 2X6

Website

https://www.abctechnologies.com

ABC Technologies Holdings Inc is a manufacturer and supplier of custom, highly engineered, technical plastics and light weighting innovations to the North American light vehicle industry. Its geographical segment includes Canada, United States, Mexico, and Rest of World. The company derives a majority of its revenue from the United States segment.

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