PRYMF (Prysmian SpA) Interest Expense : $-620 Mil (TTM As of Sep. 2024)

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What is Prysmian SpA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Prysmian SpA's interest expense for the three months ended in Sep. 2024 was $ -380 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-620 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. Prysmian SpA's Operating Income for the three months ended in Sep. 2024 was $ 388 Mil. Prysmian SpA's Interest Expense for the three months ended in Sep. 2024 was $ -380 Mil. Prysmian SpA's Interest Coverage for the quarter that ended in Sep. 2024 was 1.02. 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.

Prysmian SpA Interest Expense Historical Data

The historical data trend for Prysmian 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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Prysmian SpA Interest Expense Chart

Prysmian SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-77.78

-65.69

-64.41

-48.73

-121.05

Prysmian SpA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-25.61	-23.99	-31.52	-185.15	-379.58

Prysmian 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-620 Mil.

Prysmian SpA (OTCPK:PRYMF) 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.

Prysmian SpA's Interest Expense for the three months ended in Sep. 2024 was $-380 Mil. Its Operating Income for the three months ended in Sep. 2024 was $388 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $5,253 Mil.

Prysmian SpA's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	388.457	/	-379.578
	=	1.02

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

Prysmian SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Prysmian SpA (OTCPK:PRYMF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

PRYMY:USA PRY:Italy PRYm:UK 0NUX:UK AEU0:Germany AEU0:Germany AEU:Germany AEU:Germany PRY:Austria

Address

Via Chiese 6, MIlan, ITA, 20126

Website

https://www.prysmiangroup.com

Prysmian SpA is an Italian manufacturer of electric power transmission and telecommunications cables and systems. Its business is organized in three segments--Projects, which focuses on the execution of underground and submarine cable projects; Energy Products, which provides power distribution, and industrial and network components; and Telecom, which makes cable systems and connectivity products. More than half of the firm's revenue is generated in the Europe, Middle East, and Africa regions, with the rest coming from North America, Latin America, and Asia-Pacific regions.