The Swatch Group AG (The Swatch Group AG) Interest Expense : $-5 Mil (TTM As of Dec. 2023)

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What is The Swatch Group AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. The Swatch Group AG's interest expense for the six months ended in Dec. 2023 was $ -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-5 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. The Swatch Group AG's Operating Income for the six months ended in Dec. 2023 was $ 584 Mil. The Swatch Group AG's Interest Expense for the six months ended in Dec. 2023 was $ -2 Mil. The Swatch Group AG's Interest Coverage for the quarter that ended in Dec. 2023 was 252.46. 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.

The Swatch Group AG Interest Expense Historical Data

The historical data trend for The Swatch Group 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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The Swatch Group AG Interest Expense Chart

The Swatch Group AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-8.14

-3.38

-5.43

-3.22

-4.63

The Swatch Group 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															-2.17	-3.09	-	-2.22	-2.31

The Swatch Group 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 $-5 Mil.

The Swatch Group AG (OTCPK:SWGNF) 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.

The Swatch Group AG's Interest Expense for the six months ended in Dec. 2023 was $-2 Mil. Its Operating Income for the six months ended in Dec. 2023 was $584 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $2 Mil.

The Swatch Group 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	*	583.95	/	-2.313
	=	252.46

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. The Swatch Group AG has enough cash to cover all of its debt. Its financial situation is stable.

The Swatch Group AG (The Swatch Group AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » The Swatch Group AG (OTCPK:SWGNF) » Definitions » Interest Expense

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Traded in Other Exchanges

SWGAY:USA SWGAF:USA UHRNz:UK UHRz:UK 0QJV:UK UHRA:Germany UHRN:Switzerland UHR:Switzerland

Address

Seevorstadt 6, Bienne, CHE, 2501

Website

https://www.swatchgroup.com

Swatch Group's biggest brands are Omega (number-two Swiss watch brand by sales after Rolex), Longines (the largest premium watch brand and number four by sales globally), Breguet, Tissot (the leader in midrange Swiss watches), and Swatch. Swatch group employs over 31,000 people, half of them in Switzerland. We estimate that Swatch Group makes about 30% of its sales from Omega, 17% from ultraluxury brands, 20% from Longines, 10% from Tissot, and 6% from Swatch. We estimate Omega and Longines to be the group's most profitable brands.

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