RB Global (FRA:J1F) Interest Expense : €-237 Mil (TTM As of Mar. 2024)

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What is RB Global Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. RB Global's interest expense for the three months ended in Mar. 2024 was € -59 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-237 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. RB Global's Operating Income for the three months ended in Mar. 2024 was € 193 Mil. RB Global's Interest Expense for the three months ended in Mar. 2024 was € -59 Mil. RB Global's Interest Coverage for the quarter that ended in Mar. 2024 was 3.28. 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.

RB Global Interest Expense Historical Data

The historical data trend for RB Global'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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RB Global Interest Expense Chart

RB Global Annual Data

Trend

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Dec23

Interest Expense

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-37.15

-29.24

-32.75

-54.66

-196.06

RB Global 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															-19.52	-60.00	-59.69	-58.87	-58.79

RB Global 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 €-237 Mil.

RB Global (FRA:J1F) 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.

RB Global's Interest Expense for the three months ended in Mar. 2024 was €-59 Mil. Its Operating Income for the three months ended in Mar. 2024 was €193 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €3,921 Mil.

RB Global'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	*	192.556	/	-58.788
	=	3.28

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

RB Global (FRA:J1F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » RB Global Inc (FRA:J1F) » Definitions » Interest Expense

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RBA:USA RBA:Canada

Address

Two Westbrook Corporate Center, Suite 500, Westchester, IL, USA, 60154

Website

https://www.rbglobal.com

RB Global operates the world's largest auction for heavy equipment. The company started as a live auctioneer of industrial equipment, since then it has greatly expanded its operations to include the sale of construction, agricultural, oilfield, and transportation equipment. RB Global operates over 40 live auction sites in more than 12 countries, along with online marketplaces, including IronPlanet, Marketplace-E, and GovPlanet. Its agricultural auctions are frequently much smaller venues and can include liquidations of single farms. The company holds over 300 auctions yearly and sells $6 billion worth of equipment.

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