Armac Locacao Logistica e Servicos (BSP:ARML3) Interest Expense : R$-342 Mil (TTM As of Mar. 2024)

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What is Armac Locacao Logistica e Servicos Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Armac Locacao Logistica e Servicos's interest expense for the three months ended in Mar. 2024 was R$ -85 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was R$-342 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. Armac Locacao Logistica e Servicos's Operating Income for the three months ended in Mar. 2024 was R$ 134 Mil. Armac Locacao Logistica e Servicos's Interest Expense for the three months ended in Mar. 2024 was R$ -85 Mil. Armac Locacao Logistica e Servicos's Interest Coverage for the quarter that ended in Mar. 2024 was 1.58. 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.

Armac Locacao Logistica e Servicos Interest Expense Historical Data

The historical data trend for Armac Locacao Logistica e Servicos'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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Armac Locacao Logistica e Servicos Interest Expense Chart

Armac Locacao Logistica e Servicos Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-6.86

-16.20

-63.34

-268.04

-347.48

Armac Locacao Logistica e Servicos Quarterly Data
	Dec18	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial													-89.75	-89.04	-87.77	-80.93	-84.73

Armac Locacao Logistica e Servicos 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 R$-342 Mil.

Armac Locacao Logistica e Servicos (BSP:ARML3) 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.

Armac Locacao Logistica e Servicos's Interest Expense for the three months ended in Mar. 2024 was R$-85 Mil. Its Operating Income for the three months ended in Mar. 2024 was R$134 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was R$2,508 Mil.

Armac Locacao Logistica e Servicos'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	*	133.951	/	-84.725
	=	1.58

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

Armac Locacao Logistica e Servicos (BSP:ARML3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Armac Locacao Logistica e Servicos SA (BSP:ARML3) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Avenue Marcos Penteado de Ulhoa Rodrigues, 939, Jatoba Building, 7th Floor, Tambore, Barueri, SP, BRA, 06460

Website

https://www.armac.com.br

Armac Locacao Logistica e Servicos SA is engaged in offering machinery and equipment on a rental basis. Some of its equipment includes pavers, telescopic handlers, Compaction rollers, Motor graders, crawler tractors, excavators, and Loaders among others.

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