Palfinger AG (Palfinger AG) Interest Expense : $-38 Mil (TTM As of Dec. 2023)

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What is Palfinger AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Palfinger AG's interest expense for the six months ended in Dec. 2023 was $ -22 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-38 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. Palfinger AG's Operating Income for the six months ended in Dec. 2023 was $ 106 Mil. Palfinger AG's Interest Expense for the six months ended in Dec. 2023 was $ -22 Mil. Palfinger AG's Interest Coverage for the quarter that ended in Dec. 2023 was 4.85. 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.

Palfinger AG Interest Expense Historical Data

The historical data trend for Palfinger AG'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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Palfinger AG Interest Expense Chart

Palfinger AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-16.46

-16.33

-12.09

-15.07

-39.77

Palfinger AG 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															-4.70	-5.42	-9.32	-16.02	-21.88

Palfinger AG 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 $-38 Mil.

Palfinger AG (OTCPK:PLFRF) 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.

Palfinger AG's Interest Expense for the six months ended in Dec. 2023 was $-22 Mil. Its Operating Income for the six months ended in Dec. 2023 was $106 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $661 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	106.118	/	-21.88
	=	4.85

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

Palfinger AG (Palfinger AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Palfinger AG (OTCPK:PLFRF) » Definitions » Interest Expense

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0MJ1:UK PFI:Germany PAL:Austria

Address

Lamprechtshausener Bundesstrasse 8, Bergheim, AUT, 5101

Website

https://www.palfinger.ag

Palfinger is an Austrian manufacturing company that offers cranes, forklifts, truck bodies, and lifting equipment for land and water vehicles. Palfinger has two operating segments: Sales & Service and Segment Operations. Segment sales & service comprises the sales and service units. The segment operations comprise the production sites and the respective production share of the company. It earns the majority of revenue from the sales & service segment. Palfinger sells its products worldwide but segments geographically into six regions: Europe, Middle East, & Africa; North America; Latin America; Eurasia; Asia-Pacific; and Marine. Business in Europe, the Middle East, & the Africa region generates the majority of the company's revenue.

Palfinger AG (Palfinger AG) Headlines

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