Sociedad Comercial del Plata (BUE:COME) Interest Expense : ARS-458 Mil (TTM As of Mar. 2024)

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What is Sociedad Comercial del Plata Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sociedad Comercial del Plata's interest expense for the three months ended in Mar. 2024 was ARS -432 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ARS-458 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 Comercial del Plata's Operating Income for the three months ended in Mar. 2024 was ARS 3,352 Mil. Sociedad Comercial del Plata's Interest Expense for the three months ended in Mar. 2024 was ARS -432 Mil. Sociedad Comercial del Plata's Interest Coverage for the quarter that ended in Mar. 2024 was 7.76. 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 Comercial del Plata Interest Expense Historical Data

The historical data trend for Sociedad Comercial del Plata'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 Comercial del Plata Interest Expense Chart

Sociedad Comercial del Plata Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-248.15

-466.97

-768.02

-1,688.69

-282.29

Sociedad Comercial del Plata 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															-201.85	-196.01	-196.53	366.84	-431.98

Sociedad Comercial del Plata 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 ARS-458 Mil.

Sociedad Comercial del Plata (BUE:COME) 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 Comercial del Plata's Interest Expense for the three months ended in Mar. 2024 was ARS-432 Mil. Its Operating Income for the three months ended in Mar. 2024 was ARS3,352 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ARS3,545 Mil.

Sociedad Comercial del Plata'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	*	3352.314	/	-431.984
	=	7.76

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

Sociedad Comercial del Plata (BUE:COME) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Sociedad Comercial del Plata SA (BUE:COME) » Definitions » Interest Expense

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CADN:Switzerland

Address

1st Floor, Tower B, Thames Office Park,, Pan American Collector, Buenos Aires, ARG, B1607EEV

Website

http://www.scp.com.ar

Sociedad Comercial del Plata SA is an investment holding company. It invests in companies engaged in construction, agribusiness, entertainment, energy, transportation and infrastructure and real estate sectors.

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