CX (CemexB de CV) Interest Expense : $-585 Mil (TTM As of Sep. 2024)

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What is CemexB de CV Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CemexB de CV's interest expense for the three months ended in Sep. 2024 was $ -141 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-585 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. CemexB de CV's Operating Income for the three months ended in Sep. 2024 was $ 428 Mil. CemexB de CV's Interest Expense for the three months ended in Sep. 2024 was $ -141 Mil. CemexB de CV's Interest Coverage for the quarter that ended in Sep. 2024 was 3.02. 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.

CemexB de CV Interest Expense Historical Data

The historical data trend for CemexB de CV'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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CemexB de CV Interest Expense Chart

CemexB de CV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-750.00

-800.00

-607.00

-534.00

-575.00

CemexB de CV Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-132.70	-169.64	-140.92	-133.42	-141.49

CemexB de CV 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-585 Mil.

CemexB de CV (NYSE:CX) 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.

CemexB de CV's Interest Expense for the three months ended in Sep. 2024 was $-141 Mil. Its Operating Income for the three months ended in Sep. 2024 was $428 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $0 Mil.

CemexB de CV's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	427.735	/	-141.485
	=	3.02

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

CemexB de CV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Cemex SAB de CV (NYSE:CX) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

CXMSF:USA CEMEXCPO:Mexico CEXA:Germany CEXB:Germany CEXA:Germany CX:Argentina

Address

Avenida Ricardo Margain Zozaya No.325, Colonia Valle del Campestre, San Pedro Garza Garcia, NL, MEX, 66265

Website

https://www.cemex.com

Cemex SAB de CV is a ready-mix concrete company that mainly engaged in activities that are oriented to the construction industry, mainly through the production, marketing, sale, and distribution of cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services.