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Gestamp Automocion (LTS:0ROM) Interest Expense : €-267 Mil (TTM As of Mar. 2024)


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What is Gestamp Automocion Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Gestamp Automocion's interest expense for the three months ended in Mar. 2024 was € -51 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-267 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. Gestamp Automocion's Operating Income for the three months ended in Mar. 2024 was € 135 Mil. Gestamp Automocion's Interest Expense for the three months ended in Mar. 2024 was € -51 Mil. Gestamp Automocion's Interest Coverage for the quarter that ended in Mar. 2024 was 2.64. 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.

Gestamp Automocion Interest Expense Historical Data

The historical data trend for Gestamp Automocion'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.

Gestamp Automocion Interest Expense Chart

Gestamp Automocion 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 -161.38 -170.28 -151.08 -142.28 -219.46

Gestamp Automocion 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 -48.10 -112.77 -57.40 -46.06 -51.10

Gestamp Automocion 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 €-267 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.

Gestamp Automocion  (LTS:0ROM) 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.

Gestamp Automocion's Interest Expense for the three months ended in Mar. 2024 was €-51 Mil. Its Operating Income for the three months ended in Mar. 2024 was €135 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €0 Mil.

Gestamp Automocion'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*134.8/-51.1
=2.64

* 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.

Gestamp Automocion (LTS:0ROM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Gestamp Automocion (LTS:0ROM) » Definitions » Interest Expense
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Traded in Other Exchanges
GESTN:Mexico GESTe:UK GEST:Spain 7GA:Germany
Address
Lebario Industrial Park, Abadino, ESP, 48220
Website
https://www.gestamp.com
Gestamp Automocion is a Spanish automobile components manufacturer. The activities of the group are focused on the design, development, and manufacturing of metal components for the automotive industry via stamping, tooling, assembly, welding, tailor welded blanks, die-cutting, and machinery. It generates the majority of its revenue from Parts, prototypes, and components; followed by Tooling; and Byproducts & containers. The company operates in the following geographical segments: Western Europe, Eastern Europe, Mercosur, North America, and Asia. It generates the highest revenue from the Western Europe segment.

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