Corteva (BSP:C1TV34) Interest Expense : R$-1,192 Mil (TTM As of Mar. 2024)

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What is Corteva Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Corteva's interest expense for the three months ended in Mar. 2024 was R$ -204 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was R$-1,192 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. Corteva's Operating Income for the three months ended in Mar. 2024 was R$ 3,292 Mil. Corteva's Interest Expense for the three months ended in Mar. 2024 was R$ -204 Mil. Corteva's Interest Coverage for the quarter that ended in Mar. 2024 was 16.12. 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.

Corteva Interest Expense Historical Data

The historical data trend for Corteva'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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Corteva Interest Expense Chart

Corteva Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-558.21

-231.51

-169.65

-414.39

-1,141.65

Corteva 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															-161.47	-398.00	-286.45	-303.79	-204.17

Corteva 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 R$-1,192 Mil.

Corteva (BSP:C1TV34) 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.

Corteva's Interest Expense for the three months ended in Mar. 2024 was R$-204 Mil. Its Operating Income for the three months ended in Mar. 2024 was R$3,292 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was R$12,410 Mil.

Corteva'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	*	3291.648	/	-204.172
	=	16.12

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

Corteva (BSP:C1TV34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Corteva Inc (BSP:C1TV34) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

CTVA:USA CTVA:Mexico 2X0:Germany CTVA:Austria

Address

974 Centre Road, Wilmington, DE, USA, 19805

Website

https://www.corteva.com

Corteva is an agriculture pure play that was formed in 2019 when it was spun off from DowDuPont. The company is a leader in the development of new seed and crop chemicals products. Seeds and crop protection chemicals each make up around half of profits. Although Corteva operates globally, around half of revenue comes from North America.

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