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DSFIY (DSM Firmenich AG) Interest Expense : $-149 Mil (TTM As of Jun. 2024)


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What is DSM Firmenich AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. DSM Firmenich AG's interest expense for the six months ended in Jun. 2024 was $ -50 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was $-149 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. DSM Firmenich AG's Operating Income for the six months ended in Jun. 2024 was $ 169 Mil. DSM Firmenich AG's Interest Expense for the six months ended in Jun. 2024 was $ -50 Mil. DSM Firmenich AG's Interest Coverage for the quarter that ended in Jun. 2024 was 3.41. 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.

DSM Firmenich AG Interest Expense Historical Data

The historical data trend for DSM Firmenich AG'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.

DSM Firmenich AG Interest Expense Chart

DSM Firmenich AG Annual Data
Trend Dec21 Dec22 Dec23
Interest Expense
-241.81 -137.71 -183.21

DSM Firmenich AG Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Interest Expense Get a 7-Day Free Trial -41.23 -96.40 -83.42 -99.24 -49.52

DSM Firmenich AG 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-149 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.

DSM Firmenich AG  (OTCPK:DSFIY) 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.

DSM Firmenich AG's Interest Expense for the six months ended in Jun. 2024 was $-50 Mil. Its Operating Income for the six months ended in Jun. 2024 was $169 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was $3,886 Mil.

DSM Firmenich AG's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*168.999/-49.516
=3.41

* 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.

DSM Firmenich AG Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » DSM Firmenich AG (OTCPK:DSFIY) » Definitions » Interest Expense
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Traded in Other Exchanges
DSMFF:USA DSFIR:Netherlands DSFIR:Mexico DSFIRa:UK 0AC9:UK ZX6:Germany DSFI:Austria
Address
Wurmisweg 576, Kaiseraugst, CHE, 4303
Website
https://www.dsm-firmenich.com/corporate/home.html
DSM-Firmenich is a global science-based company formed in 2023 through the merger of DSM, a Dutch nutrition, health, and sustainable living player, and Switzerland-based Firmenich, the third-largest player in the flavor and fragrance market. The company serves a wide range of end-consumer markets providing nutrition solutions ranging from animal feed to medical and early-life nutrition, fragrances for personal-, home-, and laundry-care brands, prestige perfumes, and other ingredients for food and beverage, home, and personal care. DSM-Firmenich has nearly 30,000 employees, with more than 2,000 scientists and engineers spread across 15 research and development facilities.

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