IR (Ingersoll Rand) Interest Expense : $-189 Mil (TTM As of Sep. 2024)

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What is Ingersoll Rand Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ingersoll Rand's interest expense for the three months ended in Sep. 2024 was $ -64 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-189 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. Ingersoll Rand's Operating Income for the three months ended in Sep. 2024 was $ 385 Mil. Ingersoll Rand's Interest Expense for the three months ended in Sep. 2024 was $ -64 Mil. Ingersoll Rand's Interest Coverage for the quarter that ended in Sep. 2024 was 6.04. 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.

Ingersoll Rand Interest Expense Historical Data

The historical data trend for Ingersoll Rand'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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Ingersoll Rand Interest Expense Chart

Ingersoll Rand Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-88.40

-111.10

-87.70

-103.20

-156.70

Ingersoll Rand 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															-39.60	-37.40	-36.80	-50.80	-63.80

Ingersoll Rand 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 $-189 Mil.

Ingersoll Rand (NYSE:IR) 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.

Ingersoll Rand's Interest Expense for the three months ended in Sep. 2024 was $-64 Mil. Its Operating Income for the three months ended in Sep. 2024 was $385 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $4,783 Mil.

Ingersoll Rand'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	*	385.1	/	-63.8
	=	6.04

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

Ingersoll Rand Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ingersoll Rand Inc (NYSE:IR) » Definitions » Interest Expense

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Traded in Other Exchanges

5GD:Germany

Address

525 Harbour Place Drive, Suite 600, Davidson, NC, USA, 28036

Website

https://www.irco.com

Ingersoll Rand was formed through the merger of Gardner Denver and Ingersoll Rand's industrial segment. The firm's portfolio consists of two business lines: industrial technologies and services, and precision and science technologies. Ingersoll Rand serves a variety of end markets, including industrial, medical, and energy. Its broad portfolio of products includes compression, blower and vacuum, and fluid management. Ingersoll Rand generated roughly $6.9 billion in revenue in 2023.

Executives

Michael J Scheske	officer: See Remarks	C/O INGERSOLL RAND INC., 525 HARBOUR PLACE DRIVE, SUITE 600, DAVIDSON NC 28036
Andrew R Schiesl	officer: See Remarks	C/O INGERSOLL RAND INC., 525 HARBOUR PLACE DRIVE, SUITE 600, DAVIDSON NC 28036
Kathleen M. Keene	officer: See Remarks	C/O INGERSOLL RAND INC., 525 HARBOUR PLACE DRIVE, SUITE 600, DAVIDSON NC 28036
Elizabeth Meloy Hepding	officer: See Remarks	C/O INGERSOLL RAND INC., 800-A BEATY STREET, DAVIDSON NC 28036
Vicente Reynal	director, officer: Chief Executive Officer	C/O INGERSOLL RAND INC., 525 HARBOUR PLACE DRIVE, SUITE 600, DAVIDSON NC 28036
Joanna Sohovich	director	123 MAIN STREET, BRISTOL CT 06010
Julie Schertell	director	3460 PRESTON RIDGE ROAD, SUITE 600, ALPHARETTA GA 30005
Santiago Arias Duval	officer: See Remarks	C/O INGERSOLL RAND INC., 525 HARBOUR PLACE DRIVE, SUITE 600, DAVIDSON NC 28036
Vikram Kini	officer: Senior Vice President and CFO	C/O INGERSOLL RAND INC., 525 HARBOUR PLACE DRIVE, SUITE 600, DAVIDSON NC 28036
Matthew J Emmerich	officer: See Remarks	C/O INGERSOLL RAND INC., 525 HARBOUR PLACE DRIVE, SUITE 600, DAVIDSON NC 28036
Gary E Gillespie	officer: See Remarks	C/O INGERSOLL RAND INC., 525 HARBOUR PLACE DRIVE, SUITE 600, DAVIDSON NC 28036
Jennifer Hartsock	director	C/O INGERSOLL RAND INC., 525 HARBOUR PLACE DRIVE, SUITE 600, DAVIDSON NC 28036
Viseras Enrique Minarro	officer: See Remarks	C/O INGERSOLL RAND INC., 525 HARBOUR PLACE DRIVE, SUITE 600, DAVIDSON NC 28036
Nicholas J Kendall-jones	officer: See Remarks	C/O INGERSOLL RAND INC., 525 HARBOUR PLACE DRIVE, SUITE 600, DAVIDSON NC 28036
Michael Stubblefield	director	C/O AVANTOR, INC., 100 MATSONFORD ROAD, RADNOR PA 19087