Nucor (BSP:N1UE34) Interest Expense : R$-295 Mil (TTM As of Mar. 2024)

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What is Nucor Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nucor's interest expense for the three months ended in Mar. 2024 was R$ 0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was R$-295 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. Nucor's Operating Income for the three months ended in Mar. 2024 was R$ 5,865 Mil. Nucor's Interest Expense for the three months ended in Mar. 2024 was R$ 0 Mil. GuruFocus does not calculate Nucor's interest coverage with the available data. 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.

Nucor Interest Expense Historical Data

The historical data trend for Nucor'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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Nucor Interest Expense Chart

Nucor Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

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Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-661.88

-857.17

-922.43

-1,148.28

-1,205.13

Nucor 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															-326.49	-295.13	-	-	-

Nucor 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$-295 Mil.

Nucor (BSP:N1UE34) 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.

Nucor's Interest Expense for the three months ended in Mar. 2024 was R$0 Mil. Its Operating Income for the three months ended in Mar. 2024 was R$5,865 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was R$33,104 Mil.

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

GuruFocus does not calculate Nucor's interest coverage with the available data.

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

Nucor (BSP:N1UE34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Nucor Corp (BSP:N1UE34) » Definitions » Interest Expense

Comparable Companies

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NUE:USA NUE:Mexico NUO:Germany NUO:Germany NUE:Argentina

Address

1915 Rexford Road, Charlotte, NC, USA, 28211

Website

https://www.nucor.com

Nucor Corp manufactures steel and steel products. The company also produces direct reduced iron for use in its steel mills. The operations include international trading and sales companies that buy and sell steel and steel products manufactured by the company and others. The operating business segments are: steel mills, steel products, and raw materials, the steel mills segment derives maximum revenue. The steel mills segment includes carbon and alloy steel in sheet, bars, structural and plate; steel trading businesses; rebar distribution businesses; and Nucor's equity method investments in NuMit and NJSM.

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