AIAGY (Aurubis AG) Interest Expense : $-36 Mil (TTM As of Jun. 2024)

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What is Aurubis AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Aurubis AG's interest expense for the three months ended in Jun. 2024 was $ -9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was $-36 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. Aurubis AG's Operating Income for the three months ended in Jun. 2024 was $ 203 Mil. Aurubis AG's Interest Expense for the three months ended in Jun. 2024 was $ -9 Mil. Aurubis AG's Interest Coverage for the quarter that ended in Jun. 2024 was 22.20. 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.

Aurubis AG Interest Expense Historical Data

The historical data trend for Aurubis AG'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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Aurubis AG Interest Expense Chart

Aurubis AG Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-22.35

-22.18

-21.74

-16.98

-25.34

Aurubis AG Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Interest Expense	Get a 7-Day Free Trial															-7.22	-9.33	-9.82	-8.17	-9.13

Aurubis AG 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-36 Mil.

Aurubis AG (OTCPK:AIAGY) 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.

Aurubis AG's Interest Expense for the three months ended in Jun. 2024 was $-9 Mil. Its Operating Income for the three months ended in Jun. 2024 was $203 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was $0 Mil.

Aurubis AG's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	202.745	/	-9.131
	=	22.20

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

Aurubis AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Aurubis AG (OTCPK:AIAGY) » Definitions » Interest Expense

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AIAGF:USA NDAd:UK 0K7F:UK NDA:Germany NDA:Austria

Address

Hovestrasse 50, Hamburg, BY, DEU, 20539

Website

https://www.aurubis.com

Aurubis AG produces copper, using raw materials which include copper concentrates and recycling materials. The company also produces precious metals such as gold and silver and a range of other products, including sulfuric acid and iron silicate, as byproducts of copper production. Revenue is predominantly generated through the sale of continuous cast wire rods, copper cathodes, precious metals and continuous cast shapes, used in the manufacture of cables and wires which are used in electrical applications. It has two segments Multimetal Recycling and Custom Smelting & Products which is the key revenue generating segment. The company is based in Germany and has production sites across Europe and the United States.