Saras SpA (Saras SpA) Interest Expense : $-54 Mil (TTM As of Mar. 2024)

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What is Saras SpA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Saras SpA's interest expense for the three months ended in Mar. 2024 was $ -14 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-54 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. Saras SpA's Operating Income for the three months ended in Mar. 2024 was $ 139 Mil. Saras SpA's Interest Expense for the three months ended in Mar. 2024 was $ -14 Mil. Saras SpA's Interest Coverage for the quarter that ended in Mar. 2024 was 10.18. 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.

Saras SpA Interest Expense Historical Data

The historical data trend for Saras SpA'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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Saras SpA Interest Expense Chart

Saras SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-22.03

-21.42

-22.32

-33.67

-50.00

Saras SpA 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															-8.89	-11.09	-15.18	-14.28	-13.68

Saras SpA 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 $-54 Mil.

Saras SpA (OTCPK:SAAFF) 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.

Saras SpA's Interest Expense for the three months ended in Mar. 2024 was $-14 Mil. Its Operating Income for the three months ended in Mar. 2024 was $139 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $342 Mil.

Saras SpA'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	*	139.208	/	-13.677
	=	10.18

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

Saras SpA (Saras SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Saras SpA (OTCPK:SAAFF) » Definitions » Interest Expense

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Traded in Other Exchanges

SAAFY:USA SRS:Italy SRSm:UK 0O2D:UK

Address

S.S. 195 Sulcitana, Km 19, Cagliari, Sarroch, ITA, 09018

Website

https://www.saras.it

Saras SpA is a processor of crude oil and marketer and distributor of petroleum byproducts. Refining operations are conducted at facilities located near the Mediterranean Sea. Majority of the refineries production is medium and light distillates with low environmental impact (mainly diesel and gasoline). Under Saras Trading, the company purchases crude oils and other feedstock for the refinery, sells the refined oil, and participates in third party trading. Products sold and distributed by Saras and its subsidiaries include diesel, gasoline, heating oil, liquefied petroleum gas, naphtha, and aviation fuel. Products are sold primarily on Spanish and Italian markets. Additional services include wind farm operations, and engineering and scientific research services.