Freeport-McMoRan (Freeport-McMoRan) Interest Expense

: $-515 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Freeport-McMoRan's interest expense for the three months ended in Dec. 2023 was $ -97 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-515 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. Freeport-McMoRan's Operating Income for the three months ended in Dec. 2023 was $ 1,722 Mil. Freeport-McMoRan's Interest Expense for the three months ended in Dec. 2023 was $ -97 Mil. Freeport-McMoRan's Interest Coverage for the quarter that ended in Dec. 2023 was 17.75. 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.

Freeport-McMoRan Interest Expense Historical Data

The historical data trend for Freeport-McMoRan'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.

* Premium members only.

Freeport-McMoRan Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-620.00

-598.00

-602.00

-560.00

-515.00

Freeport-McMoRan Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-137.00	-151.00	-171.00	-96.00	-97.00

Freeport-McMoRan 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-515 Mil.

Freeport-McMoRan (NYSE:FCX) 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.

Freeport-McMoRan's Interest Expense for the three months ended in Dec. 2023 was $-97 Mil. Its Operating Income for the three months ended in Dec. 2023 was $1,722 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $9,003 Mil.

Freeport-McMoRan's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	1722	/	-97
	=	17.75

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

Freeport-McMoRan (Freeport-McMoRan) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Freeport-McMoRan Inc (NYSE:FCX) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

FCX:Peru FCX:Mexico 1FCX:Italy FPMBd:UK 0R2O:UK FPMB:Germany FPMB:Germany FPMB:Germany FCX:Chile FCXO34:Brazil FCX:Austria FCX:Argentina

Address

333 North Central Avenue, Phoenix, AZ, USA, 85004-2189

Website

https://www.fcx.com

Freeport-McMoRan Inc is an international mining company. It operates geographically diverse assets with proven and probable mineral reserves of copper, gold, and molybdenum. The company's portfolio of assets includes the Grasberg minerals district in Indonesia; and mining operations in North America and South America, including the large-scale Morenci minerals district in Arizona and the Cerro Verde operation in Peru. It derives key revenue from the sale of Copper.

Executives

Sara Grootwassink Lewis	director	C/O CAPITALSOURCE INC., 4445 WILLARD AVENUE, 12TH FLOOR, CHEVY CHASE MD 20815
Ellie L. Mikes	officer: Chief Accounting Officer	333 N. CENTRAL AVE., PHOENIX AZ 85004
Currault Douglas N. Ii	officer: Senior VP & General Counsel	333 N. CENTRAL AVENUE, PHOENIX AZ 85004
Ryan Michael Lance	director	SHIPPING & RECEIVING CENTER, 16930 PARK ROW DR., HOUSTON TX 77084
Marcela E Donadio	director	7909 PARKWOOD CIRCLE DRIVE, HOUSTON TX 77036-6565
David P Abney	director	55 GLENLAKE PARWAY, NE, ATLANTA GA 30328
Robert W. Dudley	director	333 NORTH CENTRAL AVENUE, PHOENIX AZ 85004
Dustan E Mccoy	director
Hugh Grant	director	C/O PPG INDUSTRIES, INC., 1 PPG PLACE, PITTSBURGH PA 15272
Whitmire C Donald Jr	officer: Vice President and Controller
Maree E. Robertson	officer: SVP & CFO	333 N. CENTRAL AVE., PHOENIX AZ 85004
Stephen T. Higgins	officer: Senior VP & CAO	333 N. CENTRAL AVENUE, PHOENIX AZ 85004
Kathleen L Quirk	officer: SVP, CFO, Treasurer	1615 POYDRAS STREET, NEW ORLEANS LA 70112
Richard C Adkerson	officer: President and CFO
Gerald J Ford	director	200 CRESCENT CT STE 1350, DALLAS TX 75201