Howmet Aerospace (WBO:HWM) Interest Expense : €-178 Mil (TTM As of Sep. 2024)

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What is Howmet Aerospace Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Howmet Aerospace's interest expense for the three months ended in Sep. 2024 was € -40 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was €-178 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. Howmet Aerospace's Operating Income for the three months ended in Sep. 2024 was € 378 Mil. Howmet Aerospace's Interest Expense for the three months ended in Sep. 2024 was € -40 Mil. Howmet Aerospace's Interest Coverage for the quarter that ended in Sep. 2024 was 9.55. 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.

Howmet Aerospace Interest Expense Historical Data

The historical data trend for Howmet Aerospace'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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Howmet Aerospace Interest Expense Chart

Howmet Aerospace Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-304.20

-260.57

-229.22

-216.18

-199.91

Howmet Aerospace 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															-50.60	-47.68	-45.08	-45.52	-39.64

Howmet Aerospace 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 €-178 Mil.

Howmet Aerospace (WBO:HWM) 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.

Howmet Aerospace's Interest Expense for the three months ended in Sep. 2024 was €-40 Mil. Its Operating Income for the three months ended in Sep. 2024 was €378 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was €3,057 Mil.

Howmet Aerospace'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	*	378.42	/	-39.644
	=	9.55

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

Howmet Aerospace Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Howmet Aerospace Inc (WBO:HWM) » Definitions » Interest Expense

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Address

201 Isabella Street, Suite 200, Pittsburgh, PA, USA, 15212-5872

Website

https://www.howmet.com

Howmet Aerospace Inc produces products that are majorly used in aerospace, commercial transportation, and industrial and other markets. The company seeks to provide its customers with solutions through offering differentiated products such as airfoils with cooling and coatings for extreme temperature applications, specially designed fasteners for lightweight composite airframe construction, reduced assembly costs, and lightning strike protection and lightweight aluminum commercial wheels. It has four reportable segments namely, Engine Products, Fastening Systems, Engineered Structures and Forged Wheels.