Convertidora IndustrialB de CV (MEX:CONVERA) Interest Expense : MXN-78 Mil (TTM As of Dec. 2024)

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What is Convertidora IndustrialB de CV Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Convertidora IndustrialB de CV's interest expense for the three months ended in Dec. 2024 was MXN -17 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was MXN-78 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. Convertidora IndustrialB de CV's Operating Income for the three months ended in Dec. 2024 was MXN 42 Mil. Convertidora IndustrialB de CV's Interest Expense for the three months ended in Dec. 2024 was MXN -17 Mil. Convertidora IndustrialB de CV's Interest Coverage for the quarter that ended in Dec. 2024 was 2.45. 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.

Convertidora IndustrialB de CV Interest Expense Historical Data

The historical data trend for Convertidora IndustrialB de CV'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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Convertidora IndustrialB de CV Interest Expense Chart

Convertidora IndustrialB de CV Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-78.92

-63.13

-77.08

-79.84

-88.08

Convertidora IndustrialB de CV Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-19.74	-19.87	-20.81	-20.64	-17.02

Convertidora IndustrialB de CV 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN-78 Mil.

Convertidora IndustrialB de CV (MEX:CONVERA) 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.

Convertidora IndustrialB de CV's Interest Expense for the three months ended in Dec. 2024 was MXN-17 Mil. Its Operating Income for the three months ended in Dec. 2024 was MXN42 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was MXN345 Mil.

Convertidora IndustrialB de CV's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	41.611	/	-17.015
	=	2.45

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

Convertidora IndustrialB de CV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Convertidora Industrial SAB de CV (MEX:CONVERA) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rio de la Lonza 2073, Atlas, Jalisco, Guadalajara, MEX, 44800

Website

http://www.conver.com.mx

Convertidora Industrial SAB de CV is a Mexico-based company engaged in the production and distribution of plastic film for food packaging and articles for party's decorations.

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