Total — Interest Income
Cummins Total — Interest Income increased by 3.6% to $29.00M in Q1 2024 compared to the prior quarter. Year-over-year, this metric grew by 61.1%, from $18.00M to $29.00M. Over 2 years (FY 2021 to FY 2023), Total — Interest Income shows an upward trend with a 94.9% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase suggests higher cash balances or improved yields on segment-level investments, while a decrease may indicate lower cash reserves or a reduction in interest-bearing assets.
Detailed definition
This metric represents the aggregate interest income generated across all business segments of the organization. It capt...
Peer comparison
Peers in the industrial manufacturing sector typically report interest income as part of non-operating income or segment-level financial results depending on their internal treasury management structure.
cmi_segment_total_segments_interest_incomeHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $5.00M | $7.00M | $7.00M | $8.00M | $7.00M | $14.00M | $20.00M | $18.00M | $25.00M | $24.00M | $28.00M | $29.00M |
| QoQ Change | — | +40.0% | +0.0% | +14.3% | -12.5% | +100.0% | +42.9% | -10.0% | +38.9% | -4.0% | +16.7% | +3.6% |
| YoY Change | — | — | — | — | +40.0% | +100.0% | +185.7% | +125.0% | +257.1% | +71.4% | +40.0% | +61.1% |
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Frequently Asked Questions
- What is Cummins's total — interest income?
- Cummins (CMI) reported total — interest income of $29.00M in Q1 2024.
- How has Cummins's total — interest income changed year-over-year?
- Cummins's total — interest income increased by 61.1% year-over-year, from $18.00M to $29.00M.
- What is the long-term trend for Cummins's total — interest income?
- Over 2 years (2021 to 2023), Cummins's total — interest income has grown at a 94.9% compound annual growth rate (CAGR), from $25.00M to $95.00M.
- What does total — interest income mean?
- The total interest income earned by all business segments from their respective cash and investment holdings.