Kendrion NV (FRA:K3E) Interest Expense : €-7.6 Mil (TTM As of Mar. 2024)

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What is Kendrion NV Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kendrion NV's interest expense for the three months ended in Mar. 2024 was € -1.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-7.6 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. Kendrion NV's Operating Income for the three months ended in Mar. 2024 was € 5.3 Mil. Kendrion NV's Interest Expense for the three months ended in Mar. 2024 was € -1.3 Mil. Kendrion NV's Interest Coverage for the quarter that ended in Mar. 2024 was 4.08. 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.

Kendrion NV Interest Expense Historical Data

The historical data trend for Kendrion NV'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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Kendrion NV Interest Expense Chart

Kendrion NV Annual Data

Trend

Dec14

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Dec19

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Dec23

Interest Expense

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-2.50

-3.50

-3.60

-4.90

-8.60

Kendrion NV 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															-1.30	-2.70	-2.30	-1.30	-1.30

Kendrion NV 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 €-7.6 Mil.

Kendrion NV (FRA:K3E) 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.

Kendrion NV's Interest Expense for the three months ended in Mar. 2024 was €-1.3 Mil. Its Operating Income for the three months ended in Mar. 2024 was €5.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €146.7 Mil.

Kendrion NV'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	*	5.3	/	-1.3
	=	4.08

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

Kendrion NV (FRA:K3E) Business Description

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KENDR:Netherlands KENDRa:UK

Address

Herikerbergweg 213, Vesta Building, 5th floor, Amsterdam, NLD, 1101 CN

Website

https://www.kendrion.com

Kendrion NV is engaged in developing, manufacturing and marketing electromagnetic and mechatronic systems and components for industrial and automotive applications. Its core business activities include electromagnetic components and mechatronic solutions for customer applications in the industrial and automotive sector; customized mechatronic solutions to automatic processes; electromagnetic solenoids, brakes, holding magnets, valves, controllers and clutches for industrial applications and individual systems for commercial vehicles as well as off-highway application and hydraulic industry. The company has two business divisions namely Automotive and Industrial. The majority of the revenue comes from Germany.

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