FMC (FMC) Interest Expense

: $-237 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. FMC's interest expense for the three months ended in Dec. 2023 was $ -57 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-237 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. FMC's Operating Income for the three months ended in Dec. 2023 was $ 164 Mil. FMC's Interest Expense for the three months ended in Dec. 2023 was $ -57 Mil. FMC's Interest Coverage for the quarter that ended in Dec. 2023 was 2.90. 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.

FMC Interest Expense Historical Data

The historical data trend for FMC'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.

FMC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-160.40

-151.30

-131.10

-151.80

-237.20

FMC Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-44.80	-51.40	-64.50	-64.60	-56.70

FMC 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 $-237 Mil.

FMC (NYSE:FMC) 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.

FMC's Interest Expense for the three months ended in Dec. 2023 was $-57 Mil. Its Operating Income for the three months ended in Dec. 2023 was $164 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $3,147 Mil.

FMC'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	*	164.2	/	-56.7
	=	2.90

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

FMC (FMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » FMC Corp (NYSE:FMC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

FMQ:Germany FMQ:Germany F1MC34:Brazil

Address

2929 Walnut Street, Philadelphia, PA, USA, 19104

Website

https://www.fmc.com

FMC is a pure-play global crop protection company with a fairly balanced product portfolio across geographies and crop exposure. Through acquisitions, FMC is now one of the five largest patented crop protection companies and focuses on the development of new products, including biologicals, through its research and development pipeline.

Executives

Robert C Pallash	director	17000 ROTUNDA DRIVE, DEARBORN MI 48120
Jacqueline Scanlan	officer: Executive VP & Chief HRO	HAEMONETICS CORPORATION, 400 WOOD ROAD, BRAINTREE MA 02184
Ronaldo Pereira	officer: EVP, President, FMC Americas	1620 MONK RD, GLADWYNE PA 19035
Nicholas Pfeiffer	officer: Corporate Controller	1735 MARKET STREET, PHILADELPHIA PA 19103
Patricia Verduin	director	ONE CONAGRA DRIVE, OMAHA NE 68102
Mark Douglas	officer: Pres., Agricultural Solutions	ROHM AND HAAS COMPANY, 100 INDEPENDENCE MALL WEST, PHILADELPHIA PA 19106
Vsevolod Rostovtsev	officer: VP & Chief Technology Officer	909 TWYCKENHAM ROAD, MEDIA PA 19063
Andrew D Sandifer	officer: EVP and CFO	FMC CORPORATION, 2929 WALNUT STREET, PHILADELPHIA PA 19104
Michael Finian Reilly	officer: EVP, General Counsel & Sec.	FMC CORPORATION, 2929 WALNUT STREET, PHILADELPHIA PA 19104
Kathy Lynn Fortmann	director	INTERNATIONAL FLAVORS & FRAGRANCES INC., 521 WEST 57TH STREET, NEW YORK NY 10019
Kathleen Shelton	officer: EVP, Chief Technology Officer	630 UNIVERSITY PLACE, SWARTHMORE PA 19081
Diane Allemang	officer: EVP & Chief Marketing Officer	1615 NORTH CLEVELAND STREET, ARLINGTON VA 22201
Carol Anthony Davidson	director
Eduardo E Cordeiro	director	C/O CABOT CORPORATION, TWO SEAPORT LANE, SUITE 1300, BOSTON MA 02210
Volpe Vincent R Jr	director	C/O DRESSER-RAND GROUP INC, PAUL CLARK DRIVE, OLEAN NY 14760