What is nVent Electric plc's interest expense?

nVent Electric plc (NVT) reported interest expense of $19.85M in Q4 2023.

How has nVent Electric plc's interest expense changed year-over-year?

nVent Electric plc's interest expense increased by 154.5% year-over-year, from $7.8M to $19.85M.

What is the long-term trend for nVent Electric plc's interest expense?

Over 2 years (2021 to 2023), nVent Electric plc's interest expense has grown at a 56.8% compound annual growth rate (CAGR), from $32.3M to $79.4M.

nVent Electric plc NVT Interest Expense

Discontinued — last reported Q4 '23

Interest Expense at other companies

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-$22M-59.4%

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$106M+221%

Vertiv Holdings CoVRT

-$4.4M-117%

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$73.27M+34.9%

Comfort Systems USAFIX

$2.18M+34.5%

Trane TechnologiesTT

$55.6M-4.3%

Other financials

Income statement

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Revenue$1.2B+53.5%

Gross profit$445.6M+42.1%

Operating income$195.7M+50.5%

Net income$142.4M-60.5%

EPS (diluted)$0.87-59.7%

Balance sheet

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Cash & equivalents$190.0M-85.9%

Total debt$1.7B-9.5%

Total equity$3.8B+5.0%

Total assets$7.0B+3.5%

Cash flow

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Operating cash flow$85.2M+41.5%

CapEx$36.1M+71.1%

Free cash flow$49.1M+25.6%

Valuation

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Market cap$28.63B+121%

Enterprise value$30.14B+125%

P/E58.2×+36.2×

P/S6.6×+2.4×

Profitability

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Gross margin37%-2.9pp

Operating margin15.8%-1.3pp

Net margin11.4%-7.7pp

Returns & leverage

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Return on equity13.3%-3.9pp

Debt / equity0.4×-0.1×

Current ratio1.7×-1.2×

Where this comes from

Reported directly by nVent Electric plc in its filing.

Tagged under the XBRL concept us-gaap:InterestExpense.

The official record: nVent Electric plc’s 10-K, filed February 20, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is nVent Electric plc's interest expense?: nVent Electric plc (NVT) reported interest expense of $19.85M in Q4 2023.
How has nVent Electric plc's interest expense changed year-over-year?: nVent Electric plc's interest expense increased by 154.5% year-over-year, from $7.8M to $19.85M.
What is the long-term trend for nVent Electric plc's interest expense?: Over 2 years (2021 to 2023), nVent Electric plc's interest expense has grown at a 56.8% compound annual growth rate (CAGR), from $32.3M to $79.4M.