Vulcan Materials Co (Vulcan Materials Co) Interest Expense

: $-196 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. Vulcan Materials Co's interest expense for the three months ended in Dec. 2023 was $ -54 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-196 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. Vulcan Materials Co's Operating Income for the three months ended in Dec. 2023 was $ 317 Mil. Vulcan Materials Co's Interest Expense for the three months ended in Dec. 2023 was $ -54 Mil. Vulcan Materials Co's Interest Coverage for the quarter that ended in Dec. 2023 was 5.87. 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.

Vulcan Materials Co Interest Expense Historical Data

The historical data trend for Vulcan Materials Co'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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Vulcan Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-130.20

-136.00

-149.30

-169.20

-196.10

Vulcan Materials Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-48.40	-49.00	-46.70	-46.60	-53.90

Vulcan Materials Co 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 $-196 Mil.

Vulcan Materials Co (NYSE:VMC) 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.

Vulcan Materials Co's Interest Expense for the three months ended in Dec. 2023 was $-54 Mil. Its Operating Income for the three months ended in Dec. 2023 was $317 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $4,385 Mil.

Vulcan Materials Co'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	*	316.5	/	-53.9
	=	5.87

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

Vulcan Materials Co (Vulcan Materials Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Vulcan Materials Co (NYSE:VMC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

V1MC34:Brazil

Address

1200 Urban Center Drive, Birmingham, AL, USA, 35242

Website

https://www.vulcanmaterials.com

Vulcan Materials is the United States' largest producer of construction aggregates (crushed stone, sand, and gravel). Its largest markets include Texas, California, Virginia, Tennessee, Georgia, Florida, North Carolina, and Alabama. In 2022, Vulcan sold 263.4 million tons of aggregates, 12.2 million tons of asphalt mix, and 10.5 million cubic yards of ready-mix. As of Dec. 31, 2022, the company had nearly 16 billion tons of aggregates reserves.

Executives

Stanley G Bass	officer: Chief Growth Officer	1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
David P Clements	officer: Senior Vice President, Central	1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Melissa H. Anderson	director	ALBEMARLE CORPORATION, 4250 CONGRESS ST. SUITE 900, CHARLOTTE NC 28209
J Thomas Hill	officer: Sr VP - South Region	1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Randy L. Pigg	officer: Vice President and Controller	1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Mary Andrews Carlisle	officer: SVP and CFO	1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Lydia H Kennard	director	155 N LAKE AVE, PASADENA CA 91101
Darren L. Hicks	officer: Chief Human Resources Officer	1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Perkins Jerry F Jr	officer: General Counsel and Secetary	1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Jason P Teter	officer: President, S&GC Division	1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Ronnie A Pruitt	officer: Senior Vice President	C/O U.S. CONCRETE, INC., 331 N. MAIN STREET, EULESS TX 76039
David P Steiner	director	1001 FANNIN ST, STE 4000, HOUSTON TX 77002
George Willis	director	55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Franklin Denson N. Iii	officer: SVP & General Counsel	1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Michael R Mills	officer: Senior Vice President and Gene	1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242