GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Dr. Ing. h.c. F. Porsche AG (WBO:P911) » Definitions » Interest Expense

Dr. Ing. h.c. F. Porsche AG (WBO:P911) Interest Expense : €-205 Mil (TTM As of Sep. 2024)


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What is Dr. Ing. h.c. F. Porsche AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Dr. Ing. h.c. F. Porsche AG's interest expense for the three months ended in Sep. 2024 was € -21 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was €-205 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. Dr. Ing. h.c. F. Porsche AG's Operating Income for the three months ended in Sep. 2024 was € 974 Mil. Dr. Ing. h.c. F. Porsche AG's Interest Expense for the three months ended in Sep. 2024 was € -21 Mil. Dr. Ing. h.c. F. Porsche AG's Interest Coverage for the quarter that ended in Sep. 2024 was 46.38. 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.

Dr. Ing. h.c. F. Porsche AG Interest Expense Historical Data

The historical data trend for Dr. Ing. h.c. F. Porsche 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.

* Premium members only.

Dr. Ing. h.c. F. Porsche AG Interest Expense Chart

Dr. Ing. h.c. F. Porsche AG Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial -148.00 -129.00 -117.00 -105.00 -184.00

Dr. Ing. h.c. F. Porsche AG Quarterly Data
Dec18 Dec19 Dec20 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 - -184.00 - - -21.00

Dr. Ing. h.c. F. Porsche 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 €-205 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.

Dr. Ing. h.c. F. Porsche AG  (WBO:P911) 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.

Dr. Ing. h.c. F. Porsche AG's Interest Expense for the three months ended in Sep. 2024 was €-21 Mil. Its Operating Income for the three months ended in Sep. 2024 was €974 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was €0 Mil.

Dr. Ing. h.c. F. Porsche 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*974/-21
=46.38

* 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.

Dr. Ing. h.c. F. Porsche AG Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Dr. Ing. h.c. F. Porsche AG (WBO:P911) » Definitions » Interest Expense
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Traded in Other Exchanges
DRPRY:USA DRPRF:USA 1PORS:Italy 09II:UK P911d:UK P911:Germany
Address
Porscheplatz 1, Stuttgart, BW, DEU, 70435
Website
https://www.porsche.com
Porsche engineers and manufactures premium and luxury sports cars and sports crossovers. The Porsche brand is synonymous with motorsports, German engineering, and fast, fun to drive, sports cars. The firm also has a captive finance company that provides funding for dealers and customers. In 2023, there were over 320,000 Porsche vehicles delivered to customers with about 25% going to China, 32% to Europe, 27% to North America, and 16% to rest of world.

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