Lanxess AG (Lanxess AG) Interest Expense : $-100 Mil (TTM As of Sep. 2023)

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What is Lanxess AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lanxess AG's interest expense for the three months ended in Sep. 2023 was $ -14 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-100 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. Lanxess AG's Operating Income for the three months ended in Sep. 2023 was $ -69 Mil. Lanxess AG's Interest Expense for the three months ended in Sep. 2023 was $ -14 Mil. Lanxess AG did not have earnings to cover the interest expense. 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.

Lanxess AG Interest Expense Historical Data

The historical data trend for Lanxess AG'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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Lanxess AG Interest Expense Chart

Lanxess AG Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-119.45

-116.67

-105.84

-89.27

-95.34

Lanxess AG Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-19.80	-37.08	-32.12	-17.34	-13.87

Lanxess AG 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-100 Mil.

Lanxess AG (OTCPK:LNXSF) 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.

Lanxess AG's Interest Expense for the three months ended in Sep. 2023 was $-14 Mil. Its Operating Income for the three months ended in Sep. 2023 was $-69 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $0 Mil.

Lanxess AG's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Lanxess AG did not have earnings to cover the interest expense.

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

Lanxess AG (Lanxess AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Lanxess AG (OTCPK:LNXSF) » Definitions » Interest Expense

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LNXSY:USA 1LXS:Italy LXSd:UK 0H7I:UK LXS:Germany LXS:Austria

Address

Kennedyplatz 1, Cologne, DEU, 50569

Website

https://www.lanxess.com

Lanxess is a German chemical company that was originally spun out of Bayer. Lanxess has visibly decommoditised its portfolio in recent years by divesting its synthetic rubber business and is moving toward becoming a specialty chemicals company in the fields of consumer protection chemicals, specialty additives, intermediates, and engineering plastics.

Lanxess AG (Lanxess AG) Headlines

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