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Gates Industrial (STU:1JL) Interest Expense : €-125 Mil (TTM As of Sep. 2024)


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What is Gates Industrial Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Gates Industrial's interest expense for the three months ended in Sep. 2024 was € -30 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was €-125 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. Gates Industrial's Operating Income for the three months ended in Sep. 2024 was € 105 Mil. Gates Industrial's Interest Expense for the three months ended in Sep. 2024 was € -30 Mil. Gates Industrial's Interest Coverage for the quarter that ended in Sep. 2024 was 3.49. 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.

Gates Industrial Interest Expense Historical Data

The historical data trend for Gates Industrial'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.

Gates Industrial Interest Expense Chart

Gates Industrial 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 -142.02 -126.84 -118.15 -122.15 -141.31

Gates Industrial 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 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 -34.86 -33.01 -31.56 -29.91 -30.09

Gates Industrial 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 €-125 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.

Gates Industrial  (STU:1JL) 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.

Gates Industrial's Interest Expense for the three months ended in Sep. 2024 was €-30 Mil. Its Operating Income for the three months ended in Sep. 2024 was €105 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was €2,223 Mil.

Gates Industrial'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*104.967/-30.093
=3.49

* 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.

Gates Industrial Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gates Industrial Corp PLC (STU:1JL) » Definitions » Interest Expense
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Traded in Other Exchanges
GTES:USA 1JL:Germany
Address
1144 Fifteenth Street, Denver, CO, USA, 80202
Website
https://www.gates.com
Gates Industrial Corp PLC is a manufacturer of engineered power transmission and fluid power solutions. The company has two operating segments; Power Transmission and Fluid Power segments. The Power Transmission solutions convey power and control motion. It is used in applications in which belts, chains, cables, geared transmissions, or direct drives transfer power from an engine or motor to another part or system. The Fluid power solutions are used in applications in which hoses and rigid tubing assemblies either transfer power hydraulically or convey fluids, gases, or granular materials from one location to another. The company generates key revenue from the Power Transmission segment.

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