ASIX (AdvanSix) Interest Expense : $-11 Mil (TTM As of Sep. 2024)

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What is AdvanSix Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AdvanSix's interest expense for the three months ended in Sep. 2024 was $ -3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-11 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. AdvanSix's Operating Income for the three months ended in Sep. 2024 was $ 33 Mil. AdvanSix's Interest Expense for the three months ended in Sep. 2024 was $ -3 Mil. AdvanSix's Interest Coverage for the quarter that ended in Sep. 2024 was 11.30. 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.

AdvanSix Interest Expense Historical Data

The historical data trend for AdvanSix'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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AdvanSix Interest Expense Chart

AdvanSix Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-5.45

-7.79

-5.02

-2.78

-7.49

AdvanSix Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-2.08	-2.19	-2.70	-3.51	-2.92

AdvanSix 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-11 Mil.

AdvanSix (NYSE:ASIX) 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.

AdvanSix's Interest Expense for the three months ended in Sep. 2024 was $-3 Mil. Its Operating Income for the three months ended in Sep. 2024 was $33 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $276 Mil.

AdvanSix's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	33.037	/	-2.924
	=	11.30

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

AdvanSix Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » AdvanSix Inc (NYSE:ASIX) » Definitions » Interest Expense

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Traded in Other Exchanges

960:Germany

Address

300 Kimball Drive, Suite 101, Parsippany, NJ, USA, 07054

Website

https://www.advansix.com

AdvanSix Inc. is an integrated manufacturer of Nylon 6, a polymer resin and fertilizers. Nylon 6 is a synthetic material used by customers to produce engineered plastics, fibers, filaments, and films, which in turn are used in such end-products as automotive and electronic components, carpets, sports apparel, fishing nets, and food and industrial packaging. In addition, it also sells a variety of other products, all of which are produced as part of the Nylon 6 resin manufacturing process including caprolactam, ammonium sulfate fertilizers, and other chemical intermediates. Geographically, the group operates through the United States and its business is also expanding internationally but it derives the majority of its revenue from the United States region.

Executives

Erin N Kane	director, officer: Chief Executive Officer	300 KIMBALL DRIVE, SUITE 101, PARSIPPANY NJ 07054
Christopher Gramm	officer: Controller	300 KIMBALL DRIVE, SUITE 101, C/O LEGAL DEPT., PARSIPPANY NJ 07054
Achilles B. Kintiroglou	officer: SVP, General Counsel	300 KIMBALL DRIVE, SUITE 101, PARSIPPANY NJ 07054
Michael Marberry	director	3050 SPRUCE STREET, ST. LOUIS MO 63103
Farha Aslam	director	1770 N PROMOTORY CIRCLE, GREELEY CO 80634
Gena C Lovett	director	11324 FOX CREEK FARM WAY, GREAT FALLS VA 22066
Willem L. Blindenbach	officer: VP, Integrated Supply Chain	300 KIMBALL DRIVE, SUITE 101, PARSIPPANY NJ 07054
Kelly Slieter	officer: SVP, Chief HR Officer	300 KIMBALL DRIVE, SUITE 101, PARSIPPANY NY 07054
Todd D. Karran	director	300 KIMBALL DRIVE, SUITE 101, C/O LEGAL DEPT., PARSIPPANY NJ 07054
Sharon Spurlin	director	333 CLAY ST, SUITE 1600, HOUSTON TX 77002
Patrick Williams	director	8310 S. VALLEY HWY, SUITE 350, DENVER CO 80112
Daniel F Sansone	director	VULCAN MATERIALS COMPANY, 1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Michael Preston	officer: SVP & Chief Financial Officer	300 KIMBALL DRIVE, SUITE 101, C/O LEGAL DEPT., PARSIPPANY NJ 07054
Jonathan Bellamy	officer: SVP & Chief HR Officer	300 KIMBALL DRIVE, SUITE 101, C/O LEGAL DEPT., PARSIPPANY NJ 07054
John M Quitmeyer	officer: SVP, Gen Counsel & Corp Secy	300 KIMBALL DRIVE, SUITE 101, C/O LEGAL DEPT., PARSIPPANY NJ 07054