Discontinued — last reported Q3 '24
Engine — Interest Income (Expense), Nonoperating
Cummins Engine — Interest Income (Expense), Nonoperating decreased by 50.0% to $2.00M 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 suggests improved cash management or higher returns on segment-allocated capital, while an increase in net interest expense may indicate higher debt burdens or financing costs associated with the segment's operations.
Detailed definition
This metric represents the net non-operating interest income or expense specifically attributable to the Engine business...
Peer comparison
Most industrial peers report similar non-operating financial items at the segment level, though disclosure practices vary significantly based on how corporate treasury functions allocate debt and cash to business units.
cmi_segment_engine_interest_income_expense_nonoperatingHistorical Data
| Q3 '23 | Q3 '24 | |
|---|---|---|
| Value | $4.00M | $2.00M |
| QoQ Change | — | -50.0% |
| YoY Change | — | -50.0% |
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Frequently Asked Questions
- What is Cummins's engine — interest income (expense), nonoperating?
- Cummins (CMI) reported engine — interest income (expense), nonoperating of $2.00M in Q3 2024.
- What does engine — interest income (expense), nonoperating mean?
- The net interest income or expense generated by the Engine segment from non-core financial activities.