Lincoln Electric Holdings (MEX:LECO) Interest Expense : MXN-814 Mil (TTM As of Dec. 2024)

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What is Lincoln Electric Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lincoln Electric Holdings's interest expense for the three months ended in Dec. 2024 was MXN -237 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was MXN-814 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. Lincoln Electric Holdings's Operating Income for the three months ended in Dec. 2024 was MXN 3,786 Mil. Lincoln Electric Holdings's Interest Expense for the three months ended in Dec. 2024 was MXN -237 Mil. Lincoln Electric Holdings's Interest Coverage for the quarter that ended in Dec. 2024 was 15.97. 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.

Lincoln Electric Holdings Interest Expense Historical Data

The historical data trend for Lincoln Electric Holdings'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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Lincoln Electric Holdings Interest Expense Chart

Lincoln Electric Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-437.09

-455.70

-575.13

-753.16

-892.33

Lincoln Electric Holdings Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-147.05	-145.70	-195.31	-235.77	-237.17

Lincoln Electric Holdings 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN-814 Mil.

Lincoln Electric Holdings (MEX:LECO) 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.

Lincoln Electric Holdings's Interest Expense for the three months ended in Dec. 2024 was MXN-237 Mil. Its Operating Income for the three months ended in Dec. 2024 was MXN3,786 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was MXN23,996 Mil.

Lincoln Electric Holdings's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	3786.457	/	-237.171
	=	15.97

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

Lincoln Electric Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Lincoln Electric Holdings Inc (MEX:LECO) » Definitions » Interest Expense

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Traded in Other Exchanges

LECO:USA LNE:Germany

Address

22801 Street Clair Avenue, Cleveland, OH, USA, 44117

Website

https://www.lincolnelectric.com

Lincoln Electric is a leading manufacturer of welding, cutting, and brazing products. The firm's portfolio of products includes arc-welding solutions, plasma and oxy-fuel cutting systems, and brazing and soldering alloys, as well as automation solutions. Lincoln Electric serves clients in the general fabrication, heavy industries, automotive, construction, shipbuilding, energy and process industries, among other end markets. Based in Cleveland, Ohio, Lincoln Electric has operations in 19 countries and has 11,000 employees worldwide. The company generated roughly $4 billion in sales in 2024.