Dover (FRA:DOV) Interest Expense : €-123 Mil (TTM As of Mar. 2024)

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What is Dover Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Dover's interest expense for the three months ended in Mar. 2024 was € -33 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-123 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. Dover's Operating Income for the three months ended in Mar. 2024 was € 271 Mil. Dover's Interest Expense for the three months ended in Mar. 2024 was € -33 Mil. Dover's Interest Coverage for the quarter that ended in Mar. 2024 was 8.09. 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.

Dover Interest Expense Historical Data

The historical data trend for Dover'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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Dover Interest Expense Chart

Dover Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-113.24

-92.01

-94.09

-109.93

-120.41

Dover 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															-31.96	-31.20	-30.35	-28.33	-33.46

Dover 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 €-123 Mil.

Dover (FRA:DOV) 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.

Dover's Interest Expense for the three months ended in Mar. 2024 was €-33 Mil. Its Operating Income for the three months ended in Mar. 2024 was €271 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €2,736 Mil.

Dover'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	*	270.601	/	-33.456
	=	8.09

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

Dover (FRA:DOV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Dover Corp (FRA:DOV) » Definitions » Interest Expense

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Traded in Other Exchanges

DOV:USA DOV:Germany

Address

3005 Highland Parkway, Downers Grove, IL, USA, 60515

Website

https://www.dovercorporation.com

Dover is a diversified industrial manufacturing company with products and services that include digital printing for fast-moving consuming goods, marking and coding for the food and beverage industry, loaders for the waste collection industry, pumps for the transport of fluids, including petroleum and natural gas, and commercial refrigerators used in groceries and convenience stores. Most of the business operates in the United States. After the spinoff of Apergy, the company operates through five segments: engineered systems, clean energy and fueling solutions, imaging and identification, pumps and process solutions, and climate and sustainability technologies equipment.