SMSEY (Samsonite Group) Interest Expense : $-131 Mil (TTM As of Dec. 2024)

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What is Samsonite Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Samsonite Group's interest expense for the three months ended in Dec. 2024 was $ -30 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was $-131 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. Samsonite Group's Operating Income for the three months ended in Dec. 2024 was $ 182 Mil. Samsonite Group's Interest Expense for the three months ended in Dec. 2024 was $ -30 Mil. Samsonite Group's Interest Coverage for the quarter that ended in Dec. 2024 was 6.12. 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.

Samsonite Group Interest Expense Historical Data

The historical data trend for Samsonite Group'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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Samsonite Group Interest Expense Chart

Samsonite Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-121.40

-121.20

-109.50

-129.50

-130.50

Samsonite Group Quarterly Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-32.20	-34.00	-28.70	-38.10	-29.70

Samsonite Group 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 quarterly data reported by the company within the most recent 12 months, which was $-131 Mil.

Samsonite Group (OTCPK:SMSEY) 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.

Samsonite Group's Interest Expense for the three months ended in Dec. 2024 was $-30 Mil. Its Operating Income for the three months ended in Dec. 2024 was $182 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was $2,094 Mil.

Samsonite Group'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	*	181.9	/	-29.7
	=	6.12

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

Samsonite Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Samsonite Group SA (OTCPK:SMSEY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

SMSOF:USA 01910:Hong Kong 1SO:Germany 1SO:Germany

Address

13-15, Avenue de la Liberte, Luxembourg, LUX, L-1931

Website

https://www.corporate.samsonite.com

Samsonite is the world's largest luggage company with a 20% market share in 2023. The company produces and sells travel luggage under various brands targeting the mid-market to high-end consumers. The group's key brand is Samsonite, whose market presence is well established, followed by Tumi, the high-end brand acquired in 2016, which alongside mass-market brand American Tourister, are the next largest earnings contributors. The majority of its products are manufactured by third parties, but Samsonite does produce its own select proprietary materials.