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Grupo Argos (BOG:PFGRUPOARG) Interest Expense : COP-1,799,758 Mil (TTM As of Sep. 2024)


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What is Grupo Argos Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Grupo Argos's interest expense for the three months ended in Sep. 2024 was COP -398,848 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was COP-1,799,758 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. Grupo Argos's Operating Income for the three months ended in Sep. 2024 was COP 900,943 Mil. Grupo Argos's Interest Expense for the three months ended in Sep. 2024 was COP -398,848 Mil. Grupo Argos's Interest Coverage for the quarter that ended in Sep. 2024 was 2.26. 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.

Grupo Argos Interest Expense Historical Data

The historical data trend for Grupo Argos'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.

Grupo Argos Interest Expense Chart

Grupo Argos Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1,400,862.00 -1,385,739.00 -1,224,391.00 -1,675,341.00 -2,191,545.00

Grupo Argos 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 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 -481,599.40 -689,431.69 -316,348.00 -395,130.78 -398,847.86

Grupo Argos 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 COP-1,799,758 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.

Grupo Argos  (BOG:PFGRUPOARG) 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.

Grupo Argos's Interest Expense for the three months ended in Sep. 2024 was COP-398,848 Mil. Its Operating Income for the three months ended in Sep. 2024 was COP900,943 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was COP5,107,481 Mil.

Grupo Argos'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*900942.52/-398847.86
=2.26

* 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.

Grupo Argos Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Grupo Argos SA (BOG:PFGRUPOARG) » Definitions » Interest Expense
Comparable Companies
BOG:CEMARGOS CRH XSWX:HOLN BOM:532538 VMC MLM XTER:HEI NSE:GRASIM SHSE:600585 BOM:500425 ASX:JHX BOM:500387 SUM EXP MEX:CEMEXCPO XKRX:003670 TPE:1101 MIL:BZU SHSE:600176 KNF
Traded in Other Exchanges
GRUPOARGOS:Colombia
Address
Carrera 43A, No. 1A Sur 143, Santillana Center - South Tower, Medellin, COL
Website
https://www.grupoargos.com
Grupo Argos SA is a holding company with businesses spanning multiple industries including cement, energy, highway and airport construction, port operations, real estate, and coal. The Cement segment, which generates the majority of revenue, has a majority ownership stake in Cementos Argos, which manufactures and sells cement, concrete, and cement-related products in multiple countries throughout the Americas. The Energy segment has a majority ownership stake in a company named Celsia, which generates and sells gas, thermal energy, and hydroelectric energy throughout Central and South America.

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