AlfaB de CV (AlfaB de CV) Interest Expense : $-399 Mil (TTM As of Dec. 2023)

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What is AlfaB de CV Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AlfaB de CV's interest expense for the three months ended in Dec. 2023 was $ -68 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-399 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. AlfaB de CV's Operating Income for the three months ended in Dec. 2023 was $ 479 Mil. AlfaB de CV's Interest Expense for the three months ended in Dec. 2023 was $ -68 Mil. AlfaB de CV's Interest Coverage for the quarter that ended in Dec. 2023 was 7.05. 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.

AlfaB de CV Interest Expense Historical Data

The historical data trend for AlfaB de CV'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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AlfaB de CV Interest Expense Chart

AlfaB de CV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-379.69

-305.25

-295.65

-308.83

-406.15

AlfaB de CV Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-76.73	-20.86	-130.60	-179.40	-67.99

AlfaB de CV 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-399 Mil.

AlfaB de CV (OTCPK:ALFFF) 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.

AlfaB de CV's Interest Expense for the three months ended in Dec. 2023 was $-68 Mil. Its Operating Income for the three months ended in Dec. 2023 was $479 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $5,243 Mil.

AlfaB de CV's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	479.02	/	-67.985
	=	7.05

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

AlfaB de CV (AlfaB de CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Alfa SAB de CV (OTCPK:ALFFF) » Definitions » Interest Expense

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ALFAA:Mexico XALFA:Spain

Address

Avenue Gomez Morin Sur No. 1111, Colonia Carrizalejo, San Pedro Garza García, NL, MEX, 66254

Website

https://www.alfa.com.mx

Alfa SAB de CV is a Mexican company controlling three principal businesses: Alpek; Sigma and Axtel. The segments of the company are: 1) Alpek, This segment operates in the petrochemical and synthetic fibers industry, and its revenues are derived from sales of its products: polyester, plastics and chemicals. 2) Sigma, This segment operates in the refrigerated food sector and its revenues are derived from sales of its main products: deli meats, dairy and other processed foods. 3) Axtel, This segment operates in the telecommunications sector and its revenues are derived from the provision of data transmission services, internet and long-distance phone service. 4) Other segments, include all other companies operating in business services and others that are non-reportable segments.