ArcelorMittal (ArcelorMittal) Interest Expense : $-958 Mil (TTM As of Dec. 2023)

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What is ArcelorMittal Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ArcelorMittal's interest expense for the three months ended in Dec. 2023 was $ -816 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-958 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. ArcelorMittal's Operating Income for the three months ended in Dec. 2023 was $ -49,411 Mil. ArcelorMittal's Interest Expense for the three months ended in Dec. 2023 was $ -816 Mil. ArcelorMittal did not have earnings to cover the interest expense. 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.

ArcelorMittal Interest Expense Historical Data

The historical data trend for ArcelorMittal'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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ArcelorMittal Interest Expense Chart

ArcelorMittal Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1,100.00

-802.00

-521.00

-452.00

-958.00

ArcelorMittal 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															-311.00	-64.00	-47.00	-31.00	-816.00

ArcelorMittal 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 $-958 Mil.

ArcelorMittal (NYSE:MT) 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.

ArcelorMittal's Interest Expense for the three months ended in Dec. 2023 was $-816 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-49,411 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $8,369 Mil.

ArcelorMittal's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

ArcelorMittal did not have earnings to cover the interest expense.

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

ArcelorMittal (ArcelorMittal) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » ArcelorMittal SA (NYSE:MT) » Definitions » Interest Expense

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Traded in Other Exchanges

AMSYF:USA MT:Netherlands MT:Mexico MTa:UK 0RP9:UK MTS:Spain ARRD:Germany ARMT34:Brazil MT:Austria

Address

24-26, Boulevard d’Avranches, Luxembourg, LUX, L-1160

Website

http://www.arcelormittal.com

ArcelorMittal SA is involved in the steel industry. The company's operating segments include NAFTA; Brazil; Europe; ACIS; Mining and others. It generates maximum revenue from the Europe segment. Europe segment produces hot-rolled coil, cold-rolled coil, coated products, tinplate, plate, and slab. These products are sold primarily to customers in the automotive, general, and packaging sectors as well as also produce long products consisting of sections, wire rods, rebar, billets, blooms and wire drawing, and tubular products. Geographically, it derives a majority of its revenue from Brazil.