Discontinued — last reported Q3 '24
Components — Interest Income (Expense), Nonoperating
Cummins Components — Interest Income (Expense), Nonoperating decreased by 50.0% to $4.00M in Q3 2024 compared to the prior quarter. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase in net interest income signals improved cash management or higher returns on segment-allocated capital, while an increase in net interest expense may indicate higher debt service costs or reduced interest-bearing assets.
Detailed definition
This metric represents the net interest income or expense generated by the Components business segment that is classifie...
Peer comparison
Most industrial peers report similar segment-level non-operating interest items, though the magnitude varies based on the company's internal treasury and capital allocation policies.
cmi_segment_components_interest_income_expense_nonoperatingHistorical Data
| Q3 '23 | Q3 '24 | |
|---|---|---|
| Value | $8.00M | $4.00M |
| QoQ Change | — | -50.0% |
| YoY Change | — | -50.0% |
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Frequently Asked Questions
- What is Cummins's components — interest income (expense), nonoperating?
- Cummins (CMI) reported components — interest income (expense), nonoperating of $4.00M in Q3 2024.
- What does components — interest income (expense), nonoperating mean?
- The net interest income or expense attributed to the Components segment from non-operating financial activities.