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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Element Solutions's interest expense for the three months ended in Sep. 2024 was $ -14 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-55 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. Element Solutions's Operating Income for the three months ended in Sep. 2024 was $ 95 Mil. Element Solutions's Interest Expense for the three months ended in Sep. 2024 was $ -14 Mil. Element Solutions's Interest Coverage for the quarter that ended in Sep. 2024 was 6.69. 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.
The historical data trend for Element Solutions'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.
Element Solutions Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Interest Expense | Get a 7-Day Free Trial | -90.70 | -63.40 | -54.20 | -51.20 | -49.30 |
Element Solutions 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 | -13.30 | -12.30 | -13.90 | -14.30 | -14.20 |
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 $-55 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.
Element Solutions (NYSE:ESI) 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.
Element Solutions's Interest Expense for the three months ended in Sep. 2024 was $-14 Mil. Its Operating Income for the three months ended in Sep. 2024 was $95 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $1,915 Mil.
Element Solutions'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 | * | 95 | / | -14.2 | |
= | 6.69 |
* 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.
Benjamin Gliklich | officer: VP Corporate Dev, Finance & IR | 245 FREIGHT STREET, WATERBURY CT 06702 |
Michael Goralski | officer: See Remarks | 383 MAIN AVENUE, 6TH FLOOR, NORWALK CT 06851 |
Joseph J. D'ambrisi | officer: SVP and Head of Electronics | 383 MAIN AVENUE, 6TH FLOOR, NORWALK CT 06851 |
John Edward Capps | officer: EVP, General Counsel & Sec. | 2381 EXECUTIVE CENTER DRIVE, BOCA RATON FL 33431 |
Carey J. Dorman | officer: Chief Financial Officer | C/O ELEMENT SOLUTIONS INC, 383 MAIN AVENUE, 6TH FLOOR, NORWALK CT 06851 |
Nichelle Maynard-elliott | director | PLATFORM SPECIALTY PRODUCTS CORPORATION, 383 MAIN AVENUE, NORWALK CT 06851 |
Martin E Franklin | director | C/O MARIPOSA CAPITAL, LLC, 5200 BLUE LAGOON DRIVE, SUITE 855, MIAMI FL 33126 |
Elyse Napoli Filon | director | 383 MAIN AVENUE, 6TH FLOOR, NORWALK CT 06851 |
Scot Benson | officer: President - Perf. Solutions | 245 FREIGHT STREET, WATERBURY CT 06702 |
Patricia Mount | officer: VP, Program Mgt & Integration | JARDEN CORPORATION, 555 THEODORE FREMD AVENUE, RYE NY 10580 |
Christopher T. Fraser | director | 9555 WEST SAM HOUSTON PARKWAY SOUTH, SUITE 600, HOUSTON TX 77099 |
Ashken Ian G H | director | C/O MARIPOSA CAPITAL, LLC, 5200 BLUE LAGOON DRIVE, SUITE 855, MIAMI FL 33126 |
Rakesh Sachdev | officer: Chief Executive Officer | 3050 SPRUCE STREET, ST LOUIS MO 63103 |
Pershing Square Capital Management, L.p. | director, 10 percent owner | 787 11TH AVENUE, 9TH FLOOR, NEW YORK NY 10019 |
John David Tolbert | officer: Chief Human Resources Officer | 345 S HIGH STREET, STE 201, MUNCIE IN 47305 |
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