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Marel hf (OISE:MAREL) Interest Expense : kr-8,240 Mil (TTM As of Mar. 2024)


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What is Marel hf Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Marel hf's interest expense for the three months ended in Mar. 2024 was kr -2,019 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-8,240 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. Marel hf's Operating Income for the three months ended in Mar. 2024 was kr 1,793 Mil. Marel hf's Interest Expense for the three months ended in Mar. 2024 was kr -2,019 Mil. Marel hf's Interest Coverage for the quarter that ended in Mar. 2024 was 0.89. 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.

Marel hf Interest Expense Historical Data

The historical data trend for Marel hf'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.

Marel hf Interest Expense Chart

Marel hf 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 -1,647.77 -1,095.97 -892.66 -2,877.67 -7,662.93

Marel hf 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 -1,810.38 -1,967.10 -2,440.62 -1,813.71 -2,018.71

Marel hf 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 kr-8,240 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.

Marel hf  (OISE:MAREL) 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.

Marel hf's Interest Expense for the three months ended in Mar. 2024 was kr-2,019 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr1,793 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr125,175 Mil.

Marel hf'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*1792.733/-2018.707
=0.89

* 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.

Marel hf (OISE:MAREL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Marel hf (OISE:MAREL) » Definitions » Interest Expense
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ORSE:VIRSI ORSE:EGG ORSE:DGR1R ORSE:SCM1R ORSE:MDARA GE XTER:SIE XPAR:SU ETN ITW OSTO:ATCO A PH XKRX:373220 EMR AME OTIS CMI IR TSE:6273 ROK
Traded in Other Exchanges
MRRLF:USA MAREL:Netherlands MARELa:UK
Address
Austurhraun 9, Gardabaer, ISL, 210
Website
https://www.marel.com
Marel hf is an Iceland-based company that acts as a provider of equipment, systems and services for the poultry, fish, meat and further processing industries and is involved in the manufacturing, development, distribution and sales of solutions for these industries. The company offers systems for processing broilers, turkeys and ducks, equipment and systems for salmon and whitefish processing, both farmed and wild, onboard and ashore. In addition, it also focuses on deboning and trimming, case ready foodservice and bacon processing. The firm also provides products for portioning, coating, heat treatment and sausage making. It organizes its business in four divisions; poultry, fish, meat, and others.

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