Ciech (WAR:CIE) Interest Expense : zł-122 Mil (TTM As of Sep. 2023)

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What is Ciech Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ciech's interest expense for the three months ended in Sep. 2023 was zł 50 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was zł-122 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. Ciech's Operating Income for the three months ended in Sep. 2023 was zł 59 Mil. Ciech's Interest Expense for the three months ended in Sep. 2023 was zł 50 Mil. Ciech 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.

Ciech Interest Expense Historical Data

The historical data trend for Ciech'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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Ciech Interest Expense Chart

Ciech Annual Data

Trend

Dec13

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Dec15

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Dec18

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Dec20

Dec21

Dec22

Interest Expense

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-69.63

-53.39

-55.99

-37.48

-76.36

Ciech 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															-5.56	-57.12	-15.29	-99.89	50.33

Ciech 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 zł-122 Mil.

Ciech (WAR:CIE) 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.

Ciech's Interest Expense for the three months ended in Sep. 2023 was zł50 Mil. Its Operating Income for the three months ended in Sep. 2023 was zł59 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was zł1,685 Mil.

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

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

Ciech (WAR:CIE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ciech SA (WAR:CIE) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

ul Wspolna Street 62, Warsaw, POL, 00-684

Website

https://www.ciechgroup.com

Ciech SA manufactures and sells soda ash, glass, and chemical-based products. The firm's four segments are based on product type and function. The Soda segment, which generates the majority of revenue, sells soda ash used in the production of glass, detergents, and chemicals. Agro Segment is a manufacturer of crop protection products used in agriculture. The resins segment produces epoxy resins and polyester resins. Foams Segment is a producer of polyurethane foams, mainly used in the furniture industry for upholstered furniture and mattresses. Silicates Segment manufactures sodium silicates and potassium silicates. The packaging segment manufactures glass packaging lanterns and jars, used in the food industry and for the production of headstone lamps.

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