Jungheinrich AG (Jungheinrich AG) Interest Expense : $-34 Mil (TTM As of Dec. 2023)

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What is Jungheinrich AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jungheinrich AG's interest expense for the six months ended in Dec. 2023 was $ -19 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-34 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. Jungheinrich AG's Operating Income for the six months ended in Dec. 2023 was $ 203 Mil. Jungheinrich AG's Interest Expense for the six months ended in Dec. 2023 was $ -19 Mil. Jungheinrich AG's Interest Coverage for the quarter that ended in Dec. 2023 was 10.57. 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.

Jungheinrich AG Interest Expense Historical Data

The historical data trend for Jungheinrich AG'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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Jungheinrich AG Interest Expense Chart

Jungheinrich AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-20.51

-19.20

-15.08

-17.07

-41.43

Jungheinrich AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-9.88	-25.16	-	-15.06	-19.18

Jungheinrich AG 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-34 Mil.

Jungheinrich AG (OTCPK:JGHAF) 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.

Jungheinrich AG's Interest Expense for the six months ended in Dec. 2023 was $-19 Mil. Its Operating Income for the six months ended in Dec. 2023 was $203 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $399 Mil.

Jungheinrich AG's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	202.698	/	-19.179
	=	10.57

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

Jungheinrich AG (Jungheinrich AG) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jungheinrich AG (OTCPK:JGHAF) » Definitions » Interest Expense

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0EXP:UK JUN3:Germany JUN3:Austria

Address

Friedrich-Ebert-Damm 129, Hamburg, DEU, 22047

Website

https://www.jungheinrich.com

Jungheinrich is Europe's second-largest forklift manufacturer with a niche carved out in the retail and wholesale segment, including a stronghold in supermarkets. The company was founded in 1953 by Friedrich Jungheinrich, and control of Jungheinrich remains in his descendants' hands through special voting shares. Globally, Jungheinrich ranks number four behind Toyota and Kion Group, but nearly 90% of its sales comes from Europe, which still accounts for more than 30% of global forklift industry production.

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