Sociedad Quimica Y Minera De Chile (Sociedad Quimica Y Minera De Chile) Interest Expense : $-125 Mil (TTM As of Dec. 2023)

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What is Sociedad Quimica Y Minera De Chile Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sociedad Quimica Y Minera De Chile's interest expense for the three months ended in Dec. 2023 was $ -47 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-125 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. Sociedad Quimica Y Minera De Chile's Operating Income for the three months ended in Dec. 2023 was $ 328 Mil. Sociedad Quimica Y Minera De Chile's Interest Expense for the three months ended in Dec. 2023 was $ -47 Mil. Sociedad Quimica Y Minera De Chile's Interest Coverage for the quarter that ended in Dec. 2023 was 7.04. 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.

Sociedad Quimica Y Minera De Chile Interest Expense Historical Data

The historical data trend for Sociedad Quimica Y Minera De Chile'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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Sociedad Quimica Y Minera De Chile Interest Expense Chart

Sociedad Quimica Y Minera De Chile Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-71.49

-85.15

-82.04

-90.07

-125.39

Sociedad Quimica Y Minera De Chile 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															-23.92	-23.54	-22.81	-32.45	-46.59

Sociedad Quimica Y Minera De Chile 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 $-125 Mil.

Sociedad Quimica Y Minera De Chile (NYSE:SQM) 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.

Sociedad Quimica Y Minera De Chile's Interest Expense for the three months ended in Dec. 2023 was $-47 Mil. Its Operating Income for the three months ended in Dec. 2023 was $328 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $3,262 Mil.

Sociedad Quimica Y Minera De Chile'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	*	328.226	/	-46.593
	=	7.04

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

Sociedad Quimica Y Minera De Chile (Sociedad Quimica Y Minera De Chile) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sociedad Quimica Y Minera De Chile SA (NYSE:SQM) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

QYM:Germany QYM:Germany SQM-B:Chile SQM-A:Chile

Address

El Trovador 4285, 6th Floor, Las Condes, Santiago, CHL

Website

https://www.sqm.com

Sociedad Quimica y Minera de Chile is a Chilean commodities producer with significant operations in lithium (primarily used in batteries for electric vehicles and energy storage systems), specialty and standard potassium fertilizers, iodine (primarily used in X-ray contrast media), and solar salts. The company extracts these materials through its high-quality salt brine deposits and caliche ore. SQM is also developing a hard rock lithium project in Australia and is growing its lithium refining assets in China.

Executives

Sailingstone Capital Partners Llc	10 percent owner	100 WAUGH DRIVE, SUITE 600, HOUSTON TX 77007
Sailingstone Holdings Llc	10 percent owner	1 CALIFORNIA STREET, SUITE 3050, SAN FRANCISCO CA 94111
Mackenzie B Davis	10 percent owner	1 CALIFORNIA STREET, SUITE 3050, SAN FRANCISCO CA 941111
Settles Kenneth L Jr	10 percent owner	1 CALIFORNIA STREET, SUITE 3050, SAN FRANCISCO CA 94111