America MovilB de CV (America MovilB de CV) Interest Expense : $-3,124 Mil (TTM As of Mar. 2024)

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What is America MovilB de CV Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. America MovilB de CV's interest expense for the three months ended in Mar. 2024 was $ -680 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-3,124 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. America MovilB de CV's Operating Income for the three months ended in Mar. 2024 was $ 2,533 Mil. America MovilB de CV's Interest Expense for the three months ended in Mar. 2024 was $ -680 Mil. America MovilB de CV's Interest Coverage for the quarter that ended in Mar. 2024 was 3.73. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

America MovilB de CV Interest Expense Historical Data

The historical data trend for America MovilB de CV's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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America MovilB de CV Interest Expense Chart

America MovilB de CV Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-2,522.33

-2,491.37

-2,380.31

-2,683.21

-2,057.06

America MovilB de CV Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-483.88	-473.46	-1,425.48	-545.95	-679.55

America MovilB de CV Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3,124 Mil.

America MovilB de CV (NYSE:AMX) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

America MovilB de CV's Interest Expense for the three months ended in Mar. 2024 was $-680 Mil. Its Operating Income for the three months ended in Mar. 2024 was $2,533 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $32,856 Mil.

America MovilB de CV's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	2532.861	/	-679.551
	=	3.73

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. America Movil SAB de CV interest coverage is 3.07, which is low.

America MovilB de CV (America MovilB de CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » America Movil SAB de CV (NYSE:AMX) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

AMXOF:USA AMX B:Mexico MV91:Germany MV91:Germany MV9L:Germany MV90:Germany AMX:Argentina

Address

Lago Zurich 245, Plaza Carso / Edificio Telcel, Colonia Ampliacion Granada, Delegacion Miguel Hidalgo, Piso 16, Mexico City, DF, MEX, 11529

Website

https://www.americamovil.com

America Movil is the largest telecom carrier in Latin America, serving about 300 million wireless customers across the region. It also provides fixed-line phone, internet access, and television services in most of the countries it serves. Mexico is the firm's largest market, providing about 35% of service revenue. Movil dominates the Mexican wireless market with more than 60% customer share and also serves about half of fixed-line internet access customers in the country. Brazil, its second most important market, provides about 20% of service revenue. Movil sold its low-margin wireless resale business in the U.S. to Verizon in 2021 and now owns a 1.4% stake in the U.S. telecom giant. The firm also holds a 57% stake in Telekom Austria and a 16% stake in Dutch carrier KPN.