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United Rentals (LTS:0LIY) Interest Expense : $-645 Mil (TTM As of Mar. 2024)


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What is United Rentals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. United Rentals's interest expense for the three months ended in Mar. 2024 was $ -160 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-645 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. United Rentals's Operating Income for the three months ended in Mar. 2024 was $ 853 Mil. United Rentals's Interest Expense for the three months ended in Mar. 2024 was $ -160 Mil. United Rentals's Interest Coverage for the quarter that ended in Mar. 2024 was 5.33. 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.

United Rentals Interest Expense Historical Data

The historical data trend for United Rentals'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.

* Premium members only.

United Rentals Interest Expense Chart

United Rentals Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -648.00 -669.00 -424.00 -445.00 -635.00

United Rentals 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -150.00 -161.00 -163.00 -161.00 -160.00

United Rentals 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 $-645 Mil.

* 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.

United Rentals  (LTS:0LIY) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

United Rentals's Interest Expense for the three months ended in Mar. 2024 was $-160 Mil. Its Operating Income for the three months ended in Mar. 2024 was $853 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $12,284 Mil.

United Rentals'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*853/-160
=5.33

* 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.

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

United Rentals (LTS:0LIY) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » United Rentals Inc (LTS:0LIY) » Definitions » Interest Expense
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Traded in Other Exchanges
URI:USA UR3:Germany U1RI34:Brazil
Address
100 First Stamford Place, Suite 700, Stamford, CT, USA, 06902
Website
https://www.unitedrentals.com
United Rentals is the world's largest equipment rental company. It principally operates in the United States and Canada, where it commands approximately 17% share in a highly fragmented market. It serves three end markets: general industrial, commercial construction, and residential construction. Like its peers, United Rentals historically has provided its customers with equipment that was intermittently used, such as aerial equipment and portable generators. As the company has grown organically and through hundreds of acquisitions since it went public in 1997, its catalog (fleet size of $21 billion) now includes a range of specialty equipment and other items that can be rented for indefinitely long periods.

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