UPM-Kymmene Oyj (UPM-Kymmene Oyj) Interest Expense : $-111 Mil (TTM As of Mar. 2024)

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What is UPM-Kymmene Oyj Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. UPM-Kymmene Oyj's interest expense for the three months ended in Mar. 2024 was $ -23 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-111 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. UPM-Kymmene Oyj's Operating Income for the three months ended in Mar. 2024 was $ 386 Mil. UPM-Kymmene Oyj's Interest Expense for the three months ended in Mar. 2024 was $ -23 Mil. UPM-Kymmene Oyj's Interest Coverage for the quarter that ended in Mar. 2024 was 16.90. 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.

UPM-Kymmene Oyj Interest Expense Historical Data

The historical data trend for UPM-Kymmene Oyj'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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UPM-Kymmene Oyj Interest Expense Chart

UPM-Kymmene Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

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Dec22

Dec23

Interest Expense

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-50.00

-57.18

-53.11

-66.74

-94.88

UPM-Kymmene Oyj 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															-6.42	-14.09	-25.61	-47.98	-22.83

UPM-Kymmene Oyj 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 $-111 Mil.

UPM-Kymmene Oyj (OTCPK:UPMKF) 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.

UPM-Kymmene Oyj's Interest Expense for the three months ended in Mar. 2024 was $-23 Mil. Its Operating Income for the three months ended in Mar. 2024 was $386 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $3,310 Mil.

UPM-Kymmene Oyj'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	*	385.87	/	-22.826
	=	16.90

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

UPM-Kymmene Oyj (UPM-Kymmene Oyj) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » UPM-Kymmene Oyj (OTCPK:UPMKF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

UPMMY:USA UPMh:UK 0NV5:UK UPM:Finland RPL:Germany

Address

Alvar Aallon katu 1, P.O. Box 380, Helsinki, FIN, FI-00100

Website

https://www.upm.com

UPM-Kymmene Oyj is a Finnish paper and biomaterials company. The company produces products related to the forestry industry including paper, pulp, and plywood. UPM is also a major electricity generator in Finland and is one of the global producers of self-adhesive labeling materials. It delivers responsible solutions and innovation for a future beyond fossils across six business areas: UPM Fibres, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers, and UPM Plywood. Geographically, the company has operational footprints in Sweden, Finland, the Netherlands, and other regions.

UPM-Kymmene Oyj (UPM-Kymmene Oyj) Headlines

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