L3Harris Technologies (FRA:HRS) Interest Expense : €-570 Mil (TTM As of Mar. 2024)

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What is L3Harris Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. L3Harris Technologies's interest expense for the three months ended in Mar. 2024 was € -162 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-570 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. L3Harris Technologies's Operating Income for the three months ended in Mar. 2024 was € 348 Mil. L3Harris Technologies's Interest Expense for the three months ended in Mar. 2024 was € -162 Mil. L3Harris Technologies's Interest Coverage for the quarter that ended in Mar. 2024 was 2.15. 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.

L3Harris Technologies Interest Expense Historical Data

The historical data trend for L3Harris Technologies'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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L3Harris Technologies Interest Expense Chart

L3Harris Technologies Annual Data

Trend

Jun14

Jun15

Jun16

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Jun18

Jun19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-147.80

-208.79

-234.53

-263.38

-497.93

L3Harris Technologies 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															-95.27	-102.45	-148.98	-156.81	-161.92

L3Harris Technologies 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 €-570 Mil.

L3Harris Technologies (FRA:HRS) 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.

L3Harris Technologies's Interest Expense for the three months ended in Mar. 2024 was €-162 Mil. Its Operating Income for the three months ended in Mar. 2024 was €348 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €10,249 Mil.

L3Harris Technologies'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	*	347.76	/	-161.92
	=	2.15

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

L3Harris Technologies (FRA:HRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » L3Harris Technologies Inc (FRA:HRS) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

LHX:USA LHX:Mexico HRS:Germany L1HX34:Brazil

Address

1025 West NASA Boulevard, Melbourne, FL, USA, 32919

Website

https://www.l3harris.com

L3Harris Technologies provides products for the command, control, communications, computers, intelligence, surveillance, and reconnaissance, or C4ISR, market. The firm produces uncrewed aerial vehicles, sensors, and avionics, as well as provides military and commercial training services and maintains the U.S. Federal Aviation Administration's communications infrastructure. In July 2023, the company acquired Aerojet Rocketdyne, a key supplier of rocket motors to the space and defense industry.

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