Hexagon AB (Hexagon AB) Interest Expense : $-183 Mil (TTM As of Mar. 2024)

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What is Hexagon AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hexagon AB's interest expense for the three months ended in Mar. 2024 was $ -49 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-183 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. Hexagon AB's Operating Income for the three months ended in Mar. 2024 was $ 365 Mil. Hexagon AB's Interest Expense for the three months ended in Mar. 2024 was $ -49 Mil. Hexagon AB's Interest Coverage for the quarter that ended in Mar. 2024 was 7.38. 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.

Hexagon AB Interest Expense Historical Data

The historical data trend for Hexagon AB'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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Hexagon AB Interest Expense Chart

Hexagon AB Annual Data

Trend

Dec14

Dec15

Dec16

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Dec19

Dec20

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Dec23

Interest Expense

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-26.33

-28.59

-22.37

-37.71

-168.05

Hexagon AB 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															-32.55	-41.50	-49.73	-42.31	-49.46

Hexagon AB 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 $-183 Mil.

Hexagon AB (OTCPK:HXGBY) 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.

Hexagon AB's Interest Expense for the three months ended in Mar. 2024 was $-49 Mil. Its Operating Income for the three months ended in Mar. 2024 was $365 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $3,304 Mil.

Hexagon AB'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	*	365.109	/	-49.457
	=	7.38

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

Hexagon AB (Hexagon AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hexagon AB (OTCPK:HXGBY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

HXGBF:USA HEXA B:Sweden HEXABs:UK HXG:Germany

Address

Lilla Bantorget 15, Stockholm, SWE, SE-111 23

Website

https://www.hexagon.com

Hexagon AB provides information technology for industrial applications. It offers solutions in two segments: geospatial enterprise solutions and industrial enterprise solutions. Each segment contributes roughly half of the firm's overall revenue. Hexagon's geospatial solutions are used for infrastructure, mining, agriculture, and public safety. The industrial enterprise solutions are used to measure and inspect the quality of complex parts used in manufacturing processes. Hexagon's largest geographic markets are Americas and EMEA, with each market contributing more than a fourth of the firm's overall revenue.