AMETEK (WBO:AME) Interest Expense : €-106 Mil (TTM As of Sep. 2024)

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What is AMETEK Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AMETEK's interest expense for the three months ended in Sep. 2024 was € -23 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was €-106 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. AMETEK's Operating Income for the three months ended in Sep. 2024 was € 402 Mil. AMETEK's Interest Expense for the three months ended in Sep. 2024 was € -23 Mil. AMETEK's Interest Coverage for the quarter that ended in Sep. 2024 was 17.75. 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.

AMETEK Interest Expense Historical Data

The historical data trend for AMETEK'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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AMETEK Interest Expense Chart

AMETEK Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-79.63

-70.74

-71.14

-78.53

-75.01

AMETEK 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															-17.23	-22.12	-32.43	-28.42	-22.63

AMETEK 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 €-106 Mil.

AMETEK (WBO:AME) 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.

AMETEK's Interest Expense for the three months ended in Sep. 2024 was €-23 Mil. Its Operating Income for the three months ended in Sep. 2024 was €402 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was €1,591 Mil.

AMETEK'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	*	401.712	/	-22.631
	=	17.75

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

AMETEK Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AMETEK Inc (WBO:AME) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

AME:USA AME:Mexico 0HF7:UK AK1:Germany AK1:Germany A1ME34:Brazil

Address

1100 Cassatt Road, Berwyn, PA, USA, 19312-1177

Website

https://www.ametek.com

Ametek Inc is a diversified industrial conglomerate with over $6 billion in sales. The firm operates through an electronic instruments group and an electromechanical group. EIG designs and manufactures differentiated and advanced instruments for the process, aerospace, power, and industrial end markets, and generates major revenue. EMG is a focused, niche supplier of highly engineered automation solutions, thermal management systems, specialty metals, and electrical interconnects, among other products. The majority of the firm's sales are made in the United States. The firm's asset-light strategy in place for nearly two decades emphasizes growth through acquisitions, new product development through research and development, driving operational efficiencies, and global and market expansion.