GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » BlueScope Steel Ltd (ASX:BSL) » Definitions » Interest Expense

BlueScope Steel (ASX:BSL) Interest Expense : A$-65 Mil (TTM As of Dec. 2023)


View and export this data going back to 2002. Start your Free Trial

What is BlueScope Steel Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. BlueScope Steel's interest expense for the six months ended in Dec. 2023 was A$ -17 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-65 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. BlueScope Steel's Operating Income for the six months ended in Dec. 2023 was A$ 597 Mil. BlueScope Steel's Interest Expense for the six months ended in Dec. 2023 was A$ -17 Mil. BlueScope Steel's Interest Coverage for the quarter that ended in Dec. 2023 was 35.09. 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.

BlueScope Steel Interest Expense Historical Data

The historical data trend for BlueScope Steel'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.

* Premium members only.

BlueScope Steel Interest Expense Chart

BlueScope Steel Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -56.80 -77.00 -43.80 -44.60 -72.40

BlueScope Steel Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -23.90 -20.70 -24.50 -47.90 -17.00

BlueScope Steel 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 semi-annually data reported by the company within the most recent 12 months, which was A$-65 Mil.

* 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.

BlueScope Steel  (ASX:BSL) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

BlueScope Steel's Interest Expense for the six months ended in Dec. 2023 was A$-17 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$597 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$542 Mil.

BlueScope Steel'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*596.5/-17
=35.09

* 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.

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

BlueScope Steel (ASX:BSL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » BlueScope Steel Ltd (ASX:BSL) » Definitions » Interest Expense
Comparable Companies
ASX:CIA ASX:SGM ASX:VSL ASX:BCI ASX:MGX ASX:FEX ASX:BIS ASX:IRD ASX:M4M ASX:GWR NUE BOM:500228 NSE:TATASTEEL XKRX:005490 SHSE:600019 STLD XAMS:MT TSE:5401 MIC:CHMF RS
Traded in Other Exchanges
BLSFY:USA BLSFF:USA BH5:Germany
Address
181 William Street, Level 24, Melbourne, VIC, AUS, 3000
Website
https://www.bluescope.com
BlueScope is an Australian-based steelmaking firm with five business units. The Australian Steel Products segment mainly specializes in branded coated and painted flat steel products, sold domestically. North Star is the group's U.S. mini-mill specializing in the production of hot rolled coil for U.S. construction and automotive sectors. Building Products Asia and North America operate across Southeast Asia, China, India, and the U.S. West Coast involved in metal-coating, painting, and roll-forming. New Zealand Steel and the Pacific Islands business produces flat and long steel products for New Zealand and building components for the Pacific Islands. The Buildings North America segment specializes in non-residential buildings, including materials manufacturing and support services.