Simpar (BSP:SIMH3) Interest Expense : R$-6,319 Mil (TTM As of Dec. 2023)

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What is Simpar Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Simpar's interest expense for the three months ended in Dec. 2023 was R$ -1,548 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was R$-6,319 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. Simpar's Operating Income for the three months ended in Dec. 2023 was R$ 589 Mil. Simpar's Interest Expense for the three months ended in Dec. 2023 was R$ -1,548 Mil. Simpar's Interest Coverage for the quarter that ended in Dec. 2023 was 0.38. 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.

Simpar Interest Expense Historical Data

The historical data trend for Simpar'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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Simpar Interest Expense Chart

Simpar Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-1,118.89

-1,953.96

-4,012.69

-5,188.47

Simpar Quarterly Data
	Mar19	Jun19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial														-1,223.27	-1,229.92	-1,664.54	-1,877.08	-1,547.78

Simpar 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was R$-6,319 Mil.

Simpar (BSP:SIMH3) 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.

Simpar's Interest Expense for the three months ended in Dec. 2023 was R$-1,548 Mil. Its Operating Income for the three months ended in Dec. 2023 was R$589 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was R$41,120 Mil.

Simpar's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	589.193	/	-1547.779
	=	0.38

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

Simpar (BSP:SIMH3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Simpar SA (BSP:SIMH3) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Rua Dr. Renato Paes de Barros no 1017, 10th Floor, conjunto 101, Itaim Bibi, Sao Paulo, SP, BRA, 04530-001

Website

https://ri.simpar.com.br

Simpar SA is a holding company, through its subsidiaries is engaged in road logistics services; rental and sale of trucks, machinery and equipment; public sector and mixed economy services; dealership of light vehicles; leasing, freight payment and financial services; and car rental of light vehicles. The group operates in seven reportable segments JSL, Movida, Vamos, CS Brasil, CS Infra, Automob, and Banco BBC.

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