Kering (XPAR:KER) Interest Expense : €-513 Mil (TTM As of Jun. 2024)

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What is Kering Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kering's interest expense for the six months ended in Jun. 2024 was € -284 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was €-513 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. Kering's Operating Income for the six months ended in Jun. 2024 was € 1,582 Mil. Kering's Interest Expense for the six months ended in Jun. 2024 was € -284 Mil. Kering's Interest Coverage for the quarter that ended in Jun. 2024 was 5.57. 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.

Kering Interest Expense Historical Data

The historical data trend for Kering'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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Kering Interest Expense Chart

Kering Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-175.00

-163.00

-152.00

-181.00

-361.00

Kering Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial															-78.00	-103.00	-132.00	-229.00	-284.00

Kering 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-513 Mil.

Kering (XPAR:KER) 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.

Kering's Interest Expense for the six months ended in Jun. 2024 was €-284 Mil. Its Operating Income for the six months ended in Jun. 2024 was €1,582 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was €14,959 Mil.

Kering's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	1582	/	-284
	=	5.57

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

Kering Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Kering SA (XPAR:KER) » Definitions » Interest Expense

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Address

40 Rue de Sevres, Paris, FRA, 75007

Website

https://www.kering.com

Kering is the world's second-largest luxury goods conglomerate after LVMH. Its flagship brand is Gucci, which accounts for over 50% of revenue and almost 70% of operating profits. Its other leading brands include Bottega Veneta and Saint Laurent. Other smaller luxury brands (in ready-to-wear, leather goods, and jewellery) generate 19% of sales. Alexander McQueen, Balenciaga, and Boucheron are part of Kering's portfolio.

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