Weg (WEGZY) Interest Expense : $-192 Mil (TTM As of Dec. 2024)

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What is Weg Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Weg's interest expense for the three months ended in Dec. 2024 was $ -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was $-192 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. Weg's Operating Income for the three months ended in Dec. 2024 was $ 342 Mil. Weg's Interest Expense for the three months ended in Dec. 2024 was $ -6 Mil. Weg's Interest Coverage for the quarter that ended in Dec. 2024 was 53.52. 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.

Weg Interest Expense Historical Data

The historical data trend for Weg'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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Weg Interest Expense Chart

Weg Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-14.94

-9.19

-14.94

-30.63

-27.33

Weg Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-8.33	-7.72	-92.77	-85.56	-6.38

Weg 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 $-192 Mil.

Weg (OTCPK:WEGZY) 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.

Weg's Interest Expense for the three months ended in Dec. 2024 was $-6 Mil. Its Operating Income for the three months ended in Dec. 2024 was $342 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was $239 Mil.

Weg'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	*	341.553	/	-6.382
	=	53.52

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

Weg Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Weg SA (OTCPK:WEGZY) » Definitions » Interest Expense

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WEGE3:Brazil

Address

Avenida Prefeito Waldemar Grubba, No. 3300, Jaragua do Sul, SC, BRA, 89256-900

Website

https://www.weg.net

Weg SA produces and sells electric motors, generators, control systems, and other industrial devices world-wide. The company has three reportable segments: industry, energy, and foreign (outside of Brazil). The industry segment manufactures various motors, drives, controls, and equipment for industrial automation. Energy products consist of electricity generators for power plants, turbines, control systems, and transformers to aid distributed energy systems and solutions.