Carel Industries SpA (MIL:CRL) Interest Expense : €-8.2 Mil (TTM As of Dec. 2024)

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What is Carel Industries SpA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Carel Industries SpA's interest expense for the three months ended in Dec. 2024 was € -2.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was €-8.2 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. Carel Industries SpA's Operating Income for the three months ended in Dec. 2024 was € 13.8 Mil. Carel Industries SpA's Interest Expense for the three months ended in Dec. 2024 was € -2.9 Mil. Carel Industries SpA's Interest Coverage for the quarter that ended in Dec. 2024 was 4.77. 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.

Carel Industries SpA Interest Expense Historical Data

The historical data trend for Carel Industries SpA'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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Carel Industries SpA Interest Expense Chart

Carel Industries SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-1.38

-1.96

-2.56

-10.79

-10.04

Carel Industries SpA Quarterly Data
	Dec17	Mar18	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-4.44	-1.52	-2.78	-0.99	-2.89

Carel Industries SpA 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 €-8.2 Mil.

Carel Industries SpA (MIL:CRL) 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.

Carel Industries SpA's Interest Expense for the three months ended in Dec. 2024 was €-2.9 Mil. Its Operating Income for the three months ended in Dec. 2024 was €13.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was €108.9 Mil.

Carel Industries SpA'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	*	13.795	/	-2.891
	=	4.77

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

Carel Industries SpA Business Description

Industry

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CRLm:UK 0YQA:UK CIG:Germany

Address

Via Dell\'Industria, 11, Brugine, Padova, ITA, 35020

Website

https://www.carel.com

Carel Industries SpA manufactures control systems and humidification for air conditioning and refrigeration. The group provides control solutions for the commercial, industrial, and residential air-conditioning and refrigeration (HVAC/R) markets. Its geographical segments are Europe, the Middle East and Africa, North America, South America, and APAC. The company's industrial applications for the air-conditioning sector are designed for data centers. Its products include programmable controls, room terminals, Isothermal Humidifiers, Sensors and protection devices, Sensors and protection devices, and others. It derives maximum revenue from Europe, the Middle East, and Africa segment.