Mangels Industrial (BSP:MGEL3) Interest Expense : R$-63.9 Mil (TTM As of Mar. 2024)

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What is Mangels Industrial Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mangels Industrial's interest expense for the three months ended in Mar. 2024 was R$ -14.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was R$-63.9 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. Mangels Industrial's Operating Income for the three months ended in Mar. 2024 was R$ 12.0 Mil. Mangels Industrial's Interest Expense for the three months ended in Mar. 2024 was R$ -14.2 Mil. Mangels Industrial's Interest Coverage for the quarter that ended in Mar. 2024 was 0.84. 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.

Mangels Industrial Interest Expense Historical Data

The historical data trend for Mangels Industrial'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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Mangels Industrial Interest Expense Chart

Mangels Industrial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-39.77

-31.92

-36.30

-59.03

-65.11

Mangels Industrial 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															-16.94	-17.08	-17.62	-15.03	-14.20

Mangels Industrial 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$-63.9 Mil.

Mangels Industrial (BSP:MGEL3) 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.

Mangels Industrial's Interest Expense for the three months ended in Mar. 2024 was R$-14.2 Mil. Its Operating Income for the three months ended in Mar. 2024 was R$12.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was R$498.2 Mil.

Mangels Industrial'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	*	11.985	/	-14.202
	=	0.84

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Mangels Industrial SA interest coverage is 1.29, which is low.

Mangels Industrial (BSP:MGEL3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mangels Industrial SA (BSP:MGEL3) » Definitions » Interest Expense

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MGEL4:Brazil

Address

Rua Verbo Divino 1488, 6º andar, Cj.61A e 64D, Chácara Santo, Antonio, Sao Paulo, SP, BRA, 04719904

Website

http://www.mangels.com.br

Mangels Industrial SA produces, markets, sells and distributes steel and related products. It operates in four segments, Steel, Wheel, Cylinder and Galvanizing. It supplies wheels to the car industry, motorcycles, trucks, buses, appliances, and gas companies; liquefied petroleum gas cylinders; air tanks for heavy vehicles, agricultural machinery, and air compressors; rear axles for light vehicles; and rolls, blanks, and sheets of low carbon and high strength steel for use in motorcycles, electronics and accessories, and hardware components.

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