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RENK Group AG (WBO:RENK) Interest Expense : €-38 Mil (TTM As of Dec. 2024)


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What is RENK Group AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. RENK Group AG's interest expense for the three months ended in Dec. 2024 was € -4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was €-38 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. RENK Group AG's Operating Income for the three months ended in Dec. 2024 was € 56 Mil. RENK Group AG's Interest Expense for the three months ended in Dec. 2024 was € -4 Mil. RENK Group AG's Interest Coverage for the quarter that ended in Dec. 2024 was 14.64. 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.

RENK Group AG Interest Expense Historical Data

The historical data trend for RENK 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.

* Premium members only.

RENK Group AG Interest Expense Chart

RENK Group AG Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Interest Expense
-12.44 -37.78 -39.89 -35.90 -37.78

RENK Group AG Quarterly Data
Dec20 Dec21 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -5.68 -8.80 -6.62 -18.52 -3.85

RENK 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-38 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.

RENK Group AG  (WBO:RENK) 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.

RENK Group AG's Interest Expense for the three months ended in Dec. 2024 was €-4 Mil. Its Operating Income for the three months ended in Dec. 2024 was €56 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was €527 Mil.

RENK Group AG's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Dec. 2024 )/Interest Expense (Q: Dec. 2024 )
=-1*56.283/-3.845
=14.64

* 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.

RENK Group AG Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » RENK Group AG (WBO:RENK) » Definitions » Interest Expense
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Traded in Other Exchanges
RNKGF:USA R3NKd:UK R3NK:Germany
Address
Gogginger street 73, Augsburg, BY, DEU, 86159
Website
https://www.renk.com
RENK Group AG provides vehicle mobility solutions. Its propulsion and drivetrain technology ensures the reliable deployment of forces to set vehicles, vessels, and machinery in motion. The company's business is divided into the following segments; Vehicle Mobility Solutions, Marine and Industry, and Slide Bearings. The Vehicle Mobility Solutions segment which generates maximum revenue, provides technology for the deployment of forces to set vehicles, vessels, and machinery in motion, and also offers products like engines, suspensions, electric drives, and power packs for military vehicles and test systems. Geographically, the company generates maximum revenue from Germany and the rest from America, Asia, Africa, other European countries, Other EU countries, and Australia and Oceania.

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