Cummins Total Segments — Interest Income (Expense), Nonoperating decreased by 41.7% to $14.00M in Q3 2024 compared to the prior quarter.
An increase in net interest expense suggests higher debt servicing costs or lower interest-bearing assets, while an increase in net interest income indicates improved returns on cash or reduced financing costs.
This metric represents the aggregate non-operating interest income or expense recognized across all business segments. I...
Peers in the industrial manufacturing sector typically report this under non-operating items, though the scale varies significantly based on the company's capital structure and cash management strategy.
cmi_segment_total_segments_interest_income_expense_nonoperating| Q3 '23 | Q3 '24 | |
|---|---|---|
| Value | $24.00M | $14.00M |
| QoQ Change | — | -41.7% |
| YoY Change | — | -41.7% |