voestalpine AG (WBO:VOE) Interest Expense : €-271 Mil (TTM As of Sep. 2024)

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What is voestalpine AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. voestalpine AG's interest expense for the three months ended in Sep. 2024 was € -64 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was €-271 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. voestalpine AG's Operating Income for the three months ended in Sep. 2024 was € 105 Mil. voestalpine AG's Interest Expense for the three months ended in Sep. 2024 was € -64 Mil. voestalpine AG's Interest Coverage for the quarter that ended in Sep. 2024 was 1.64. 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.

voestalpine AG Interest Expense Historical Data

The historical data trend for voestalpine 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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voestalpine AG Interest Expense Chart

voestalpine AG Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-166.20

-124.50

-107.30

-181.50

-281.10

voestalpine 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															-70.70	-72.90	-74.10	-60.20	-64.10

voestalpine 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 €-271 Mil.

voestalpine AG (WBO:VOE) 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.

voestalpine AG's Interest Expense for the three months ended in Sep. 2024 was €-64 Mil. Its Operating Income for the three months ended in Sep. 2024 was €105 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was €0 Mil.

voestalpine 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	*	105.2	/	-64.1
	=	1.64

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

voestalpine AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » voestalpine AG (WBO:VOE) » Definitions » Interest Expense

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Traded in Other Exchanges

VLPNY:USA VLPNF:USA VOEv:UK 0MKX:UK VAS:Germany VOE:Czech Republic

Address

Voestalpine-Strasse 1, Linz, AUT, 4020

Website

https://www.voestalpine.com

voestalpine AG is engaged in the manufacturing, processing and development of steel products. The company is divided into four divisions. The Steel Division is involved in the production of steel products and the casting of large turbines. The High-Performance metals Division provides metals for the automotive, consumer goods, power generation, energy and aviation sectors. The Metal Engineering division produces rails, turnout systems, track-based monitoring systems, specially treated wire and others. The Metal Forming Division provides customized special and precision sections, as well as solutions for systems in the construction, cab construction for commercial vehicles, and aviation sectors; and and Holding & Group Services. The company generates its revenue from the European Union.

Executives

Dr. Carola Richter	Board of Directors
Gerald Mayer	Board of Directors
Dr. Franz Gasselsberger	Supervisory Board
Di Dr. Peter Schwab	Board of Directors
Herbert Eibensteiner	Board of Directors
Mag. Dipl.-ing. Robert Ottel	Board of Directors