Carrier Global (XTER:4PN) Interest Expense : €-435 Mil (TTM As of Mar. 2024)

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What is Carrier Global Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Carrier Global's interest expense for the three months ended in Mar. 2024 was € -166 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-435 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. Carrier Global's Operating Income for the three months ended in Mar. 2024 was € 456 Mil. Carrier Global's Interest Expense for the three months ended in Mar. 2024 was € -166 Mil. Carrier Global's Interest Coverage for the quarter that ended in Mar. 2024 was 2.76. 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.

Carrier Global Interest Expense Historical Data

The historical data trend for Carrier Global'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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Carrier Global Interest Expense Chart

Carrier Global Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-67.50

-244.96

-282.32

-285.09

-331.95

Carrier Global 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															-66.31	-86.76	-80.58	-101.79	-165.60

Carrier Global 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 €-435 Mil.

Carrier Global (XTER:4PN) 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.

Carrier Global's Interest Expense for the three months ended in Mar. 2024 was €-166 Mil. Its Operating Income for the three months ended in Mar. 2024 was €456 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €14,860 Mil.

Carrier Global'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	*	456.32	/	-165.6
	=	2.76

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

Carrier Global (XTER:4PN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Carrier Global Corp (XTER:4PN) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

CARR:USA CARR:Mexico C1RR34:Brazil CARG:Austria

Address

13995 Pasteur Boulevard, Palm Beach Gardens, FL, USA, 33418

Website

https://www.corporate.carrier.com

Carrier Global manufactures heating, ventilation, and air conditioning, refrigeration, and fire and security products. The HVAC business serves both residential and commercial markets (HVAC segment sales mix is 60% commercial and 40% residential). Carrier's refrigeration segment consists of its transportation refrigeration, Sensitech supply chain monitoring, and commercial refrigeration businesses. The firm's fire and security business manufactures fire detection and suppression, access controls, and intrusion detection products. In April 2023, Carrier announced that it plans to divest its fire and security and commercial refrigeration businesses. The firm also announced the pending acquisition of Germany-based Viessmann for approximately $13 billion.

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