Arkema (Arkema) Interest Expense : $-29 Mil (TTM As of Mar. 2024)

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What is Arkema Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Arkema's interest expense for the three months ended in Mar. 2024 was $ -20 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-29 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. Arkema's Operating Income for the three months ended in Mar. 2024 was $ 178 Mil. Arkema's Interest Expense for the three months ended in Mar. 2024 was $ -20 Mil. Arkema's Interest Coverage for the quarter that ended in Mar. 2024 was 9.11. 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.

Arkema Interest Expense Historical Data

The historical data trend for Arkema'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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Arkema Interest Expense Chart

Arkema Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-65.56

-70.56

-55.37

-46.61

-27.26

Arkema 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															-20.34	-	-9.61	-	-19.57

Arkema 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 $-29 Mil.

Arkema (OTCPK:ARKAY) 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.

Arkema's Interest Expense for the three months ended in Mar. 2024 was $-20 Mil. Its Operating Income for the three months ended in Mar. 2024 was $178 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $3,296 Mil.

Arkema'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	*	178.261	/	-19.565
	=	9.11

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

Arkema (Arkema) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Arkema SA (OTCPK:ARKAY) » Definitions » Interest Expense

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ARKAF:USA AKEp:UK 0IB0:UK AKE:France V1S:Germany AKE:Austria

Address

420 rue d’Estienne d’Orves, Colombes, FRA, 92700

Website

https://www.arkema.com

Arkema is a French chemical company formerly known for its large presence in the global acrylics market. However, the company has now developed a strong portfolio of speciality materials. Arkema is organised into four segments. Adhesive solutions, advanced materials, and coatings solutions contain the more specialized material businesses. The intermediates segment houses the remaining commodity chemical businesses. Geographically, sales are split fairly equally between Europe, the U.S., and Asia.

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