Akzo Nobel NV (Akzo Nobel NV) Interest Expense : $-185 Mil (TTM As of Mar. 2024)

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What is Akzo Nobel NV Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Akzo Nobel NV's interest expense for the three months ended in Mar. 2024 was $ -17 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-185 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. Akzo Nobel NV's Operating Income for the three months ended in Mar. 2024 was $ 284 Mil. Akzo Nobel NV's Interest Expense for the three months ended in Mar. 2024 was $ -17 Mil. Akzo Nobel NV's Interest Coverage for the quarter that ended in Mar. 2024 was 16.31. 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.

Akzo Nobel NV Interest Expense Historical Data

The historical data trend for Akzo Nobel NV'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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Akzo Nobel NV Interest Expense Chart

Akzo Nobel NV Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-126.67

-118.01

-83.62

-112.29

-210.47

Akzo Nobel NV 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															-40.69	-48.75	-72.57	-45.80	-17.39

Akzo Nobel NV 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 $-185 Mil.

Akzo Nobel NV (OTCPK:AKZOY) 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.

Akzo Nobel NV's Interest Expense for the three months ended in Mar. 2024 was $-17 Mil. Its Operating Income for the three months ended in Mar. 2024 was $284 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $3,460 Mil.

Akzo Nobel NV'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	*	283.696	/	-17.391
	=	16.31

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

Akzo Nobel NV (Akzo Nobel NV) Business Description

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AKZOF:USA AKZA:Netherlands AKZAa:UK 0LND:UK AKU1:Germany AKZO:Austria

Address

Christian Neefestraat 2, Amsterdam, NH, NLD, 1077 WW

Website

https://www.akzonobel.com

Netherlands-based AkzoNobel is the world's third-largest paint and coatings producer. Europe is the largest market, with around 46% of sales generated in the Europe, Middle East, and Africa, or EMEA, region. Cumulatively, the Asia-Pacific and Latin American divisions have also grown quickly to more than 40% of sales. Construction-related end markets are the most important, but meaningful revenue is also generated from the industrial, consumer goods, and transportation markets.