HY (Hyster Yale) Interest Expense : $-35 Mil (TTM As of Sep. 2024)

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What is Hyster Yale Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hyster Yale's interest expense for the three months ended in Sep. 2024 was $ -8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-35 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. Hyster Yale's Operating Income for the three months ended in Sep. 2024 was $ 33 Mil. Hyster Yale's Interest Expense for the three months ended in Sep. 2024 was $ -8 Mil. Hyster Yale's Interest Coverage for the quarter that ended in Sep. 2024 was 3.94. 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.

Hyster Yale Interest Expense Historical Data

The historical data trend for Hyster Yale'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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Hyster Yale Interest Expense Chart

Hyster Yale Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-19.80

-13.70

-15.50

-28.40

-37.30

Hyster Yale Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-9.60	-9.10	-8.90	-8.80	-8.40

Hyster Yale 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-35 Mil.

Hyster Yale (NYSE:HY) 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.

Hyster Yale's Interest Expense for the three months ended in Sep. 2024 was $-8 Mil. Its Operating Income for the three months ended in Sep. 2024 was $33 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $247 Mil.

Hyster Yale's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	33.1	/	-8.4
	=	3.94

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

Hyster Yale Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Hyster Yale Inc (NYSE:HY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

HYEA:Germany

Address

5875 Landerbrook Drive, Suite 300, Cleveland, OH, USA, 44124-4069

Website

https://www.hyster-yale.com

Hyster-Yale Materials Handling Inc designs, engineers, manufactures, sells and services a comprehensive line of lift trucks, attachments, aftermarket parts and technology solutions marketed globally primarily under the Hyster and Yale brand names.

Executives

Frank F Taplin	other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Susan Sichel	other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Batcheler Colleen	director	ONE CONAGRA DRIVE, OMAHA NE 68102
Martha S Kelly	other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Scott Minder	officer: SVP & Chief Financial Officer	5875 LANDERBROOK, SUITE 300, CLEVELAND OH 44124
Jon C Taylor	officer: Officer of a Subsidiary	5875 LANDERBROOK DRIVE, SUITE 300, CLEVELAND OH 44124
Gregory Breier	officer: Vice President-Tax	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD OH 44124
Patric Schroeter	officer: Officer of a Subsidiary	5875 LANDERBROOK DRIVE, SUITE 300, CLEVELAND OH 44124
Butler John C Jr	other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Helen Rankin Butler	other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
David B Williams	other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Clara R Williams	other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Rankin Alfred M Et Al	director, officer: Chairman	5875 LANDERBROOK DR, MAYFIELD HEIGHTS OH 44124
Victoire G Rankin	other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Chloe O Rankin	other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124