VWAGY (Volkswagen AG) Interest Expense : $-2,905 Mil (TTM As of Sep. 2024)

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What is Volkswagen AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Volkswagen AG's interest expense for the three months ended in Sep. 2024 was $ -1,016 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-2,905 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. Volkswagen AG's Operating Income for the three months ended in Sep. 2024 was $ 3,168 Mil. Volkswagen AG's Interest Expense for the three months ended in Sep. 2024 was $ -1,016 Mil. Volkswagen AG's Interest Coverage for the quarter that ended in Sep. 2024 was 3.12. 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.

Volkswagen AG Interest Expense Historical Data

The historical data trend for Volkswagen 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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Volkswagen AG Interest Expense Chart

Volkswagen AG Annual Data

Trend

Dec14

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Dec19

Dec20

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Dec22

Dec23

Interest Expense

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-2,797.78

-2,759.12

-2,227.12

-1,742.59

-3,914.94

Volkswagen AG 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	-1,582.33	-	-306.78	-1,015.54

Volkswagen 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2,905 Mil.

Volkswagen AG (OTCPK:VWAGY) 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.

Volkswagen AG's Interest Expense for the three months ended in Sep. 2024 was $-1,016 Mil. Its Operating Income for the three months ended in Sep. 2024 was $3,168 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $142,777 Mil.

Volkswagen AG'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	*	3167.592	/	-1015.538
	=	3.12

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

Volkswagen AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Volkswagen AG (OTCPK:VWAGY) » Definitions » Interest Expense

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Address

Berliner Ring 2, Wolfsburg, NI, DEU, 38440

Website

https://www.volkswagenag.com

Volkswagen is the second-largest automotive original equipment manufacturer by vehicle sales globally, selling 9.4 million vehicles in 2023. 80% of group revenue is generated by its four vehicle segments—core (Volkswagen, SEAT, Skoda, and VW commercial), progressive (Audi, Lamborghini, and Bentley), sports luxury (Porsche), and Traton commercial vehicles (Traton, Scania, Navistar, MAN, and VW truck and bus). It also has a vehicle software business (Cariad), batteries, and power engineering production and financial services.