KONE Oyj (FRA:KC4) Interest Expense : €-22 Mil (TTM As of Mar. 2024)

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What is KONE Oyj Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. KONE Oyj's interest expense for the three months ended in Mar. 2024 was € -10 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-22 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. KONE Oyj's Operating Income for the three months ended in Mar. 2024 was € 262 Mil. KONE Oyj's Interest Expense for the three months ended in Mar. 2024 was € -10 Mil. KONE Oyj's Interest Coverage for the quarter that ended in Mar. 2024 was 26.23. 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.

KONE Oyj Interest Expense Historical Data

The historical data trend for KONE Oyj'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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KONE Oyj Interest Expense Chart

KONE Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-19.50

-23.30

-15.80

-22.80

-25.30

KONE Oyj 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															-13.60	-8.30	-7.90	4.50	-10.00

KONE Oyj 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 €-22 Mil.

KONE Oyj (FRA:KC4) 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.

KONE Oyj's Interest Expense for the three months ended in Mar. 2024 was €-10 Mil. Its Operating Income for the three months ended in Mar. 2024 was €262 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €455 Mil.

KONE Oyj'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	*	262.3	/	-10
	=	26.23

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

KONE Oyj (FRA:KC4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » KONE Oyj (FRA:KC4) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

KNYJY:USA KNYJF:USA 1KNEBV:Italy KNEBVh:UK 0II2:UK KNEBV:Finland KC4:Germany

Address

Keilasatama 3, P.O. Box 7, Espoo, FIN, FI-02150

Website

https://www.kone.com

Kone is a global top-four supplier of elevators and escalators. Kone began producing elevators in Finland in 1918 and today generates revenue in three ways: selling new elevators and escalators, modernizing old equipment, and servicing its installed base. Most of the company's profit comes from the last activity, where contracts are rolled over annually with built-in price increases. The bulk of Kone's business is in elevators, which are more numerous globally than escalators. Its business model is similar to its closest competitors Otis, Schindler, and TK Elevator.

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