Minerals Technologies (FRA:MNK) Interest Expense : €-55 Mil (TTM As of Mar. 2024)

View and export this data going back to . Start your Free Trial

What is Minerals Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Minerals Technologies's interest expense for the three months ended in Mar. 2024 was € -14 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 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. Minerals Technologies's Operating Income for the three months ended in Mar. 2024 was € 71 Mil. Minerals Technologies's Interest Expense for the three months ended in Mar. 2024 was € -14 Mil. Minerals Technologies's Interest Coverage for the quarter that ended in Mar. 2024 was 5.19. 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.

Minerals Technologies Interest Expense Historical Data

The historical data trend for Minerals Technologies'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.

Minerals Technologies Interest Expense Chart

Minerals Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-38.88

-31.40

-32.92

-41.44

-54.29

Minerals Technologies 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															-13.26	-13.38	-14.34	-13.94	-13.71

Minerals Technologies 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 €-55 Mil.

Minerals Technologies (FRA:MNK) 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.

Minerals Technologies's Interest Expense for the three months ended in Mar. 2024 was €-14 Mil. Its Operating Income for the three months ended in Mar. 2024 was €71 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €832 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	71.116	/	-13.708
	=	5.19

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

Minerals Technologies (FRA:MNK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Minerals Technologies Inc (FRA:MNK) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MTX:USA MNK:Germany

Address

622 Third Avenue, 38th Floor, New York, NY, USA, 10017-6707

Website

https://www.mineralstech.com

Minerals Technologies Inc mines, produces, and sells mineral-based products. The firm organizes itself into three segments based on product type. The specialty minerals segment, sells calcium carbonate, limestone, and talc, which is used in the paper, building materials, paint, automotive, and pharmaceutical industries. The refractories segment sells products for steel furnaces. The performance materials segment sells bentonite used in steel alloy casting and household products including cat litter. The majority of revenue comes from the United States.

Minerals Technologies (FRA:MNK) Headlines

No Headlines