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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Compass Minerals International's interest expense for the three months ended in Dec. 2023 was $ -16 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-57 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. Compass Minerals International's Operating Income for the three months ended in Dec. 2023 was $ 20 Mil. Compass Minerals International's Interest Expense for the three months ended in Dec. 2023 was $ -16 Mil. Compass Minerals International's Interest Coverage for the quarter that ended in Dec. 2023 was 1.23. 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.
The historical data trend for Compass Minerals International'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.
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 $-57 Mil.
* 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.
Compass Minerals International (NYSE:CMP) Interest Expense Explanation
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. The higher, the better.Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Compass Minerals International's Interest Expense for the three months ended in Dec. 2023 was $-16 Mil. Its Operating Income for the three months ended in Dec. 2023 was $20 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $909 Mil.
Compass Minerals International'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 | * | 19.5 | / | -15.8 | |
= | 1.23 |
* 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.
The higher the ratio, the stronger the company's financial strength is.
Joseph E Reece | director | ONE VALERO WAY, BUILDING D, SUITE 200, SAN ANTONIO TX 78249 |
James D. Standen | officer: Interim CFO & Treasurer | 9900 W. 109 STREET, SUITE 100, OVERLAND PARK KS 66210 |
Jill V Gardiner | director | C/O COMPASS MINERALS INTERNATIONAL, INC., 9900 W 109TH ST STE 100, OVERLAND PARK KS 66210 |
Shane T Wagnon | director | C/O COMPASS MINERALS INTERNATIONAL, INC., 9900 W 109TH ST STE 100, OVERLAND PARK KS 66210 |
Jon A Chisholm | director | C/O COMPASS MINERALS INTERNATIONAL, INC., 9900 W 109TH ST STE 100, OVERLAND PARK KS 66210 |
Km&t Investment Holdings, Llc | director, 10 percent owner | 4111 E 37TH ST N, WICHITA KS 67220 |
Koch Industries Inc | director, 10 percent owner | 4111 EAST 37TH STREET NORTH, WICHITA KS 67220 |
Melissa M Miller | director | 201 ISABELLA STREET, PITTSBURGH PA 15212 |
Kevin S Crutchfield | director, officer: President and CEO | ONE ALPHA PLACE, P.O. BOX 2345, ABINGDON VA 24212 |
Mary L Frontczak | officer: Chief Legal Officer | 9900 W 109TH STREET, SUITE 100, OVERLAND PARK KS 66210 |
Lori A Walker | director | |
Amy Yoder | director | C/O SPECTRUM BRANDS, INC., 6 CONCOURSE PARKWAY, SUITE 3300, ATLANTA GA 30328 |
Richard P Dealy | director | 777 HIDDEN RIDGE, IRVING TX 75038 |
Edward C Dowling | director | 19 NEDS POINT ROAD, MATTAPOISETT MA 02739 |
Teresa D Cook | officer: Chief Accounting Officer | C/O COMPASS MINERALS INTERNATIONAL, INC., 9900 W 109TH ST STE 100, OVERLAND PARK KS 66210 |
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