BLSFF (BlueScope Steel) Interest Expense : $-22 Mil (TTM As of Jun. 2024)

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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 Jun. 2024 was $ -11 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was $-22 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 Jun. 2024 was $ 337 Mil. BlueScope Steel's Interest Expense for the six months ended in Jun. 2024 was $ -11 Mil. BlueScope Steel's Interest Coverage for the quarter that ended in Jun. 2024 was 31.56. 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.

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BlueScope Steel Interest Expense Chart

BlueScope Steel Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Interest Expense

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-53.14

-33.49

-31.34

-48.59

-21.98

BlueScope Steel Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial															-14.55	-16.53	-32.15	-11.38	-10.69

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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-22 Mil.

BlueScope Steel (OTCPK:BLSFF) 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.

BlueScope Steel's Interest Expense for the six months ended in Jun. 2024 was $-11 Mil. Its Operating Income for the six months ended in Jun. 2024 was $337 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was $352 Mil.

BlueScope Steel'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	*	337.45	/	-10.691
	=	31.56

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

BlueScope Steel Business Description

Industry

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

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Traded in Other Exchanges

BLSFY:USA BH5:Germany BSL:Australia

Address

181 William Street, Level 24, Melbourne, VIC, AUS, 3000

Website

https://www.bluescope.com

BlueScope is an Australia-based steelmaker 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 US minimill, specializing in the production of hot rolled coil for US construction and automotive sectors. Building products Asia operates across Southeast Asia, China, and India, and the US building and coated products North America is involved in metal coating and painting, and the supply to nonresidential construction projects using BlueScope's materials. New Zealand steel and the Pacific Islands business produces flat and long steel products for New Zealand and building components for the Pacific Islands.