Croda International (Croda International) Interest Expense : $-33 Mil (TTM As of Dec. 2023)

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What is Croda International Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Croda International's interest expense for the six months ended in Dec. 2023 was $ -25 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-33 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. Croda International's Operating Income for the six months ended in Dec. 2023 was $ 112 Mil. Croda International's Interest Expense for the six months ended in Dec. 2023 was $ -25 Mil. Croda International's Interest Coverage for the quarter that ended in Dec. 2023 was 4.58. 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.

Croda International Interest Expense Historical Data

The historical data trend for Croda 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.

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Croda International Interest Expense Chart

Croda International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-24.25

-28.23

-34.18

-31.30

-32.79

Croda International Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-17.95	-16.63	-14.86	-8.21	-24.56

Croda International 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 semi-annually data reported by the company within the most recent 12 months, which was $-33 Mil.

Croda International (OTCPK:COIHF) 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.

Croda International's Interest Expense for the six months ended in Dec. 2023 was $-25 Mil. Its Operating Income for the six months ended in Dec. 2023 was $112 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $835 Mil.

Croda 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	*	112.405	/	-24.557
	=	4.58

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

Croda International (Croda International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Croda International PLC (OTCPK:COIHF) » Definitions » Interest Expense

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Traded in Other Exchanges

COIHY:USA CRDAl:UK CRDA:UK 6CMB:Germany

Address

Cowick Hall, Snaith, Goole, East Yorkshire, GBR, DN14 9AA

Website

https://www.croda.com

Croda is a British specialty chemicals company with 60% of sales outside Europe. Croda operates through three segments: consumer care, life sciences, and industrial specialties. Consumer care produces specialty and active ingredients for cosmetics and skincare/haircare and also flavors and fragrances. The life sciences business manufactures products for healthcare and agrochemicals. The company sold the majority of its industrial businesses to Cargill in 2022, retaining only a subsegment of the business (housed under the industrial specialties segment) that supports the other two segments and sells their byproducts.

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