Wartsila (Wartsila) Interest Expense : $-53 Mil (TTM As of Mar. 2024)

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What is Wartsila Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Wartsila's interest expense for the three months ended in Mar. 2024 was $ -10 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-53 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. Wartsila's Operating Income for the three months ended in Mar. 2024 was $ 136 Mil. Wartsila's Interest Expense for the three months ended in Mar. 2024 was $ -10 Mil. Wartsila's Interest Coverage for the quarter that ended in Mar. 2024 was 13.89. 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.

Wartsila Interest Expense Historical Data

The historical data trend for Wartsila'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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Wartsila Interest Expense Chart

Wartsila Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-60.00

-43.80

-29.38

-34.96

-65.43

Wartsila Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-8.57	-13.00	-9.61	-20.72	-9.78

Wartsila 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-53 Mil.

Wartsila (OTCPK:WRTBF) 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.

Wartsila's Interest Expense for the three months ended in Mar. 2024 was $-10 Mil. Its Operating Income for the three months ended in Mar. 2024 was $136 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $767 Mil.

Wartsila's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	135.87	/	-9.783
	=	13.89

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

Wartsila (Wartsila) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wartsila Corp (OTCPK:WRTBF) » Definitions » Interest Expense

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WRTBY:USA WRT1Vh:UK 0IKJ:UK WRT1V:Finland MTA:Germany

Address

Hiililaiturinkuja 2, Helsinki, FIN, FI-00180

Website

https://www.wartsila.com

Wartsila is a global manufacturer of critical equipment and services for the marine and energy markets with operations in over 70 countries. Approximately one half of the group's sales are derived from the sale of services and spare parts through its network of 258 sales and service network locations. Wartsila is listed on the Nasdaq Helsinki exchange in Finland. Approximately 1 in 3 oceangoing vessels has a Wartsila solution on board, translating into an installed base of over 50,000 vessels and 10,000 customers.

Wartsila (Wartsila) Headlines

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