Compass Minerals International (FRA:CM8) Interest Expense : €-56 Mil (TTM As of Mar. 2024)

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What is Compass Minerals International Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Compass Minerals International's interest expense for the three months ended in Mar. 2024 was € -16 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-56 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. Compass Minerals International's Operating Income for the three months ended in Mar. 2024 was € 56 Mil. Compass Minerals International's Interest Expense for the three months ended in Mar. 2024 was € -16 Mil. Compass Minerals International's Interest Coverage for the quarter that ended in Mar. 2024 was 3.56. 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.

Compass Minerals International Interest Expense Historical Data

The historical data trend for Compass Minerals International'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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Compass Minerals International Interest Expense Chart

Compass Minerals International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Sep21

Sep22

Sep23

Interest Expense

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-52.47

-51.54

-37.66

-55.75

-52.00

Compass Minerals International 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															-13.26	-13.20	-12.28	-14.49	-15.73

Compass Minerals International 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 €-56 Mil.

Compass Minerals International (FRA:CM8) 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.

Compass Minerals International's Interest Expense for the three months ended in Mar. 2024 was €-16 Mil. Its Operating Income for the three months ended in Mar. 2024 was €56 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €802 Mil.

Compass Minerals International'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	*	55.936	/	-15.732
	=	3.56

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

Compass Minerals International (FRA:CM8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Compass Minerals International Inc (FRA:CM8) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

CMP:USA CM8:Germany

Address

9900 West 109th Street, Suite 100, Overland Park, KS, USA, 66210

Website

https://www.compassminerals.com

Compass Minerals currently produces two primary products: salt and specialty potash fertilizer. The company's main assets include rock salt mines in Ontario, Louisiana, and the United Kingdom and a salt brine operation at the Great Salt Lake in Utah that produces sulfate of potash and magnesium chloride. Compass' salt products are used for deicing and also by industrial and consumer end markets. The firm's sulfate of potash is used by growers of high-value crops that are sensitive to standard potash. Compass also sells fire retardants, with its magnesium chloride-based products used to combat forest fires.

Compass Minerals International (FRA:CM8) Headlines

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