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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CVR Energy's interest expense for the three months ended in Dec. 2023 was $ -8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-53 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. CVR Energy's Operating Income for the three months ended in Dec. 2023 was $ 124 Mil. CVR Energy's Interest Expense for the three months ended in Dec. 2023 was $ -8 Mil. CVR Energy's Interest Coverage for the quarter that ended in Dec. 2023 was 15.50. 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 CVR Energy'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.
CVR Energy Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Interest Expense | Get a 7-Day Free Trial | -102.00 | -130.00 | -117.00 | -85.00 | -52.00 |
CVR Energy 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 | -18.00 | -18.00 | -16.00 | -11.00 | -8.00 |
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 $-53 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.
CVR Energy (NYSE:CVI) 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.
CVR Energy's Interest Expense for the three months ended in Dec. 2023 was $-8 Mil. Its Operating Income for the three months ended in Dec. 2023 was $124 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,579 Mil.
CVR Energy'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 | * | 124 | / | -8 | |
= | 15.50 |
* 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.
Carl C Icahn | director, 10 percent owner | C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH-1, SUNNY ISLES BEACH FL 33160 |
Iep Energy Holding Llc | 10 percent owner | 16690 COLLINS AVENUE, PH-1, SUNNY ISLES BEACH FL 33160 |
Ted Papapostolou | director | 16690 COLLINS AVE., SUITE PH-1, SUNNY ISLES BEACH FL 33160 |
Wright Michael H. Jr. | officer: EVP & Chief Operating Officer | CVR ENERGY, INC., 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479 |
Dane J. Neumann | officer: Interim CFO, VP-Fin.&Treasurer | 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479 |
Jeffrey D. Conaway | officer: VP, CAO & Corp. Controller | 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479 |
David Willetts | director | 16690 COLLINS AVENUE - PH-1, SUNNY ISLES BEACH FL 33160 |
Kapiljeet Dargan | director | 16690 COLLINS AVE., SUITE PH-1, SUNNY ISLES BEACH FL 33160 |
Charles Douglas Johnson | officer: EVP & Chief Commercial Officer | 2277 PLAZA DR., SUITE 500, SUGAR LAND TX 77479 |
Jaffrey Adam Firestone | director | C/O CVR ENERGY, INC., 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479 |
David Lynn Landreth | officer: EVP Chief Commercial Officer | 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479 |
Patricia A. Agnello | director | C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160 |
Hunter Clark Gary | director | C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160 |
Melissa M Buhrig | officer: EVP, General Counsel & Sec. | C/O CVR ENERGY, INC., 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479 |
Matthew W. Bley | officer: CAO and Corp. Controller | 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479 |
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