Martin Marietta Materials (BSP:M1LM34) Interest Expense : R$-802 Mil (TTM As of Mar. 2024)

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What is Martin Marietta Materials Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Martin Marietta Materials's interest expense for the three months ended in Mar. 2024 was R$ -199 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was R$-802 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. Martin Marietta Materials's Operating Income for the three months ended in Mar. 2024 was R$ 7,176 Mil. Martin Marietta Materials's Interest Expense for the three months ended in Mar. 2024 was R$ -199 Mil. Martin Marietta Materials's Interest Coverage for the quarter that ended in Mar. 2024 was 36.03. 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.

Martin Marietta Materials Interest Expense Historical Data

The historical data trend for Martin Marietta Materials'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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Martin Marietta Materials Interest Expense Chart

Martin Marietta Materials Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-530.71

-607.59

-806.95

-886.47

-809.94

Martin Marietta Materials Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-218.76	-204.83	-201.50	-196.97	-199.19

Martin Marietta Materials 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was R$-802 Mil.

Martin Marietta Materials (BSP:M1LM34) 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.

Martin Marietta Materials's Interest Expense for the three months ended in Mar. 2024 was R$-199 Mil. Its Operating Income for the three months ended in Mar. 2024 was R$7,176 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was R$21,368 Mil.

Martin Marietta Materials's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	7175.892	/	-199.192
	=	36.03

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

Martin Marietta Materials (BSP:M1LM34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Martin Marietta Materials Inc (BSP:M1LM34) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MLM:USA MLM:Mexico MMX:Germany

Address

4123 Parklake Avenue, Raleigh, NC, USA, 27612

Website

https://www.martinmarietta.com

Martin Marietta Materials is one of the United States' largest producer of construction aggregates (crushed stone, sand, and gravel). In 2022, Martin Marietta sold 207 million tons of aggregates. Martin Marietta's most important markets include Texas, Colorado, North Carolina, Georgia, and Florida, accounting for most of its sales. The company also produces cement in Texas and uses its aggregates in its asphalt and ready-mixed concrete businesses. Martin's magnesia specialties business produces magnesia-based chemical products and dolomitic lime.

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