Axalta Coating Systems (LTS:0U6C) Interest Expense : $-213 Mil (TTM As of Dec. 2023)

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What is Axalta Coating Systems Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Axalta Coating Systems's interest expense for the three months ended in Dec. 2023 was $ -55 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-213 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. Axalta Coating Systems's Operating Income for the three months ended in Dec. 2023 was $ 161 Mil. Axalta Coating Systems's Interest Expense for the three months ended in Dec. 2023 was $ -55 Mil. Axalta Coating Systems's Interest Coverage for the quarter that ended in Dec. 2023 was 2.91. 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.

Axalta Coating Systems Interest Expense Historical Data

The historical data trend for Axalta Coating Systems'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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Axalta Coating Systems Interest Expense Chart

Axalta Coating Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-162.60

-149.90

-134.20

-139.80

-213.30

Axalta Coating Systems 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															-38.70	-48.20	-54.60	-55.10	-55.40

Axalta Coating Systems 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 $-213 Mil.

Axalta Coating Systems (LTS:0U6C) 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.

Axalta Coating Systems's Interest Expense for the three months ended in Dec. 2023 was $-55 Mil. Its Operating Income for the three months ended in Dec. 2023 was $161 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $3,479 Mil.

Axalta Coating Systems'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	*	161.2	/	-55.4
	=	2.91

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

Axalta Coating Systems (LTS:0U6C) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Axalta Coating Systems Ltd (LTS:0U6C) » Definitions » Interest Expense

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Traded in Other Exchanges

AXTA:USA 9AX:Germany

Address

50 Applied Bank Boulevard, Suite 300, Glen Mills, PA, USA, 19342

Website

https://www.axalta.com

Axalta Coating Systems Ltd is a manufacturer, marketer and distributor of high-performance coatings systems. It operates in two segments, The Performance Coatings segment provides liquid and powder coatings solutions to a fragmented and local customer base. Its end markets include refinish and industrial. The Mobility Coatings segment relates to the provision of coating technologies to original equipment manufacturers of light and commercial vehicles. The company operates in the geographic areas of North America, EMEA countries, Asia-Pacific and Latin America.

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