NEXNY (Nexans) Interest Expense : $-58 Mil (TTM As of Dec. 2024)

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What is Nexans Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nexans's interest expense for the six months ended in Dec. 2024 was $ -36 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was $-58 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. Nexans's Operating Income for the six months ended in Dec. 2024 was $ 291 Mil. Nexans's Interest Expense for the six months ended in Dec. 2024 was $ -36 Mil. Nexans's Interest Coverage for the quarter that ended in Dec. 2024 was 8.18. 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.

Nexans Interest Expense Historical Data

The historical data trend for Nexans'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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Nexans Interest Expense Chart

Nexans Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-54.75

-27.12

-39.20

-64.34

-57.59

Nexans Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Interest Expense	Get a 7-Day Free Trial															-20.13	-28.17	-35.99	-22.61	-35.60

Nexans 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 semi-annually data reported by the company within the most recent 12 months, which was $-58 Mil.

Nexans (OTCPK:NEXNY) 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.

Nexans's Interest Expense for the six months ended in Dec. 2024 was $-36 Mil. Its Operating Income for the six months ended in Dec. 2024 was $291 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2024 was $1,786 Mil.

Nexans'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	*	291.099	/	-35.602
	=	8.18

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

Nexans Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nexans (OTCPK:NEXNY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

NXPRF:USA NEXp:UK 0IGF:UK NEX:France NXS:Germany NEX:Austria

Address

Nexans 4, allee de l'Arche, Courbevoie, FRA, 92400

Website

https://www.nexans.com

Nexans is a French company that manufactures and distributes cable products. The company operates through three segments. The Building and Territories segment provides reliable cabling systems and smart energy solutions enabling buildings and territories to be more efficient, sustainable, and people friendly. The generation and Transmission segment partners with its customers from the start of the cycle right through to the end (systems management) to help them find the cabling solution that is the best suited to their needs in terms of efficiency and reliability. Industry and Solutions: this segment provides support to OEMs and industrial infrastructure project managers in personalizing their cabling. Geographically France, Germany, and Norway are the three markets for the company.