Fincantieri SpA (MIL:FCT) Interest Expense : €-229 Mil (TTM As of Dec. 2023)

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What is Fincantieri SpA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Fincantieri SpA's interest expense for the six months ended in Dec. 2023 was € -130 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-229 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. Fincantieri SpA's Operating Income for the six months ended in Dec. 2023 was € -67 Mil. Fincantieri SpA's Interest Expense for the six months ended in Dec. 2023 was € -130 Mil. Fincantieri SpA did not have earnings to cover the interest expense. 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.

Fincantieri SpA Interest Expense Historical Data

The historical data trend for Fincantieri 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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Fincantieri SpA Interest Expense Chart

Fincantieri SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-67.83

-74.72

-83.54

-102.94

-229.43

Fincantieri SpA 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															-42.71	-46.46	-56.48	-99.67	-129.77

Fincantieri 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-229 Mil.

Fincantieri SpA (MIL:FCT) 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.

Fincantieri SpA's Interest Expense for the six months ended in Dec. 2023 was €-130 Mil. Its Operating Income for the six months ended in Dec. 2023 was €-67 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €1,683 Mil.

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

Fincantieri SpA did not have earnings to cover the interest expense.

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

Fincantieri SpA (MIL:FCT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Fincantieri SpA (MIL:FCT) » Definitions » Interest Expense

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Traded in Other Exchanges

FNCNF:USA 0QWN:UK 1F8:Germany

Address

Via Genova No 1, Trieste, ITA, 34121

Website

https://www.fincantieri.com

Fincantieri SpA constructs cruise ships, ferries, naval vessels, and other ships. It has three segments: equipment, systems, and services; shipbuilding; and offshore. The company's high-technology equipment and systems for ships provide stabilization, directional control, and power generation. Moreover, product lifecycle management and training generate aftermarket sales. The offshore segment builds drillships and drilling rigs with capabilities to operate in water. The company operates in various countries spreading across four continents (Europe, North America, South America, and Asia). It is not dependent on any specific country, as Italy generates the most sales.