Arezzo Industria E Comercio (BSP:ARZZ3) Interest Expense : R$-183 Mil (TTM As of Mar. 2024)

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What is Arezzo Industria E Comercio Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Arezzo Industria E Comercio's interest expense for the three months ended in Mar. 2024 was R$ -38 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was R$-183 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. Arezzo Industria E Comercio's Operating Income for the three months ended in Mar. 2024 was R$ 109 Mil. Arezzo Industria E Comercio's Interest Expense for the three months ended in Mar. 2024 was R$ -38 Mil. Arezzo Industria E Comercio's Interest Coverage for the quarter that ended in Mar. 2024 was 2.88. 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.

Arezzo Industria E Comercio Interest Expense Historical Data

The historical data trend for Arezzo Industria E Comercio'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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Arezzo Industria E Comercio Interest Expense Chart

Arezzo Industria E Comercio Annual Data

Trend

Dec14

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Dec16

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Dec20

Dec21

Dec22

Dec23

Interest Expense

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-11.94

-23.49

-40.97

-62.37

-142.75

Arezzo Industria E Comercio 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															-31.96	-49.80	-57.29	-37.80	-37.74

Arezzo Industria E Comercio 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$-183 Mil.

Arezzo Industria E Comercio (BSP:ARZZ3) 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.

Arezzo Industria E Comercio's Interest Expense for the three months ended in Mar. 2024 was R$-38 Mil. Its Operating Income for the three months ended in Mar. 2024 was R$109 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was R$722 Mil.

Arezzo Industria E Comercio'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	*	108.816	/	-37.736
	=	2.88

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

Arezzo Industria E Comercio (BSP:ARZZ3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Arezzo Industria E Comercio SA (BSP:ARZZ3) » Definitions » Interest Expense

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Address

Rua Fernandes Tourinho, 147 - sala 402, Rooms 1301 and 1303, Belo Horizonte, MG, BRA, 30112000

Website

https://ri.arezzoco.com.br

Arezzo Industria e Comercio S.A. together with its subsidiaries engages in the manufacturing, development, molding, and sale of footwear, bags, and women's clothing and accessories. It operates more than 400 franchises and approximately 48 stores and an e-commerce website for the sale of products under the brand names Schutz, Arezzo, Alexandre Birman, Fiever, Vans, Reserva, Reserva Mini, Reserva Go, Oficina, INK, EVA, Troc, Baw, MyShoes, Carol Bassi, Brizza, Reversa, Simples Reserva, Unbrand Reserva and Anacapri. The company derives revenue through the sale of products and Royalty income.

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