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Siderurgica VenezolanaCA (CAR:SVS) Interest Expense : VES-275.08 Mil (TTM As of Mar. 2024)


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What is Siderurgica VenezolanaCA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Siderurgica VenezolanaCA's interest expense for the three months ended in Mar. 2024 was VES -71.64 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was VES-275.08 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. Siderurgica VenezolanaCA's Operating Income for the three months ended in Mar. 2024 was VES -6.53 Mil. Siderurgica VenezolanaCA's Interest Expense for the three months ended in Mar. 2024 was VES -71.64 Mil. Siderurgica VenezolanaCA did not have earnings to cover the interest expense. 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.


Siderurgica VenezolanaCA Interest Expense Historical Data

The historical data trend for Siderurgica VenezolanaCA'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.

Siderurgica VenezolanaCA Interest Expense Chart

Siderurgica VenezolanaCA Annual Data
Trend Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Interest Expense
Get a 7-Day Free Trial -4,534.29 -5,163.32 -392.00 -1,232.16 -283.40

Siderurgica VenezolanaCA 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 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 -123.99 -71.13 -60.34 -71.97 -71.64

Siderurgica VenezolanaCA 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 VES-275.08 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.


Siderurgica VenezolanaCA  (CAR:SVS) 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.

Siderurgica VenezolanaCA's Interest Expense for the three months ended in Mar. 2024 was VES-71.64 Mil. Its Operating Income for the three months ended in Mar. 2024 was VES-6.53 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was VES0.00 Mil.

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

Siderurgica VenezolanaCA did not have earnings to cover the interest expense.

* 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.


Siderurgica VenezolanaCA (CAR:SVS) Business Description

Traded in Other Exchanges
N/A
Address
Avenida Venezuela, Torre America, Urbanizacion Bello Monte, Piso 11, Caracas, VEN
Siderurgica Venezolana Sivensa SA is a holding company. The Company along with its subsidiaries is engaged in the manufacture of long steel products for the construction, manufacturing and infrastructure industries. The group has two business units namely IBH, Sidetur.

Siderurgica VenezolanaCA (CAR:SVS) Headlines

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