Stelco Holdings (FRA:S0K) Interest Expense : €-50 Mil (TTM As of Mar. 2024)

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What is Stelco Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Stelco Holdings's interest expense for the three months ended in Mar. 2024 was € -18 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-50 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. Stelco Holdings's Operating Income for the three months ended in Mar. 2024 was € 81 Mil. Stelco Holdings's Interest Expense for the three months ended in Mar. 2024 was € -18 Mil. Stelco Holdings's Interest Coverage for the quarter that ended in Mar. 2024 was 4.41. 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.

Stelco Holdings Interest Expense Historical Data

The historical data trend for Stelco Holdings'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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Stelco Holdings Interest Expense Chart

Stelco Holdings Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-45.79

-46.21

-51.16

-49.34

-50.58

Stelco Holdings 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															-19.11	-18.76	-18.70	5.47	-18.35

Stelco Holdings 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 €-50 Mil.

Stelco Holdings (FRA:S0K) 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.

Stelco Holdings's Interest Expense for the three months ended in Mar. 2024 was €-18 Mil. Its Operating Income for the three months ended in Mar. 2024 was €81 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €24 Mil.

Stelco Holdings'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	*	80.881	/	-18.351
	=	4.41

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

Stelco Holdings (FRA:S0K) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Stelco Holdings Inc (FRA:S0K) » Definitions » Interest Expense

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STZHF:USA STLC:Canada

Address

386 Wilcox Street, Hamilton, ON, CAN, L8L 8K5

Website

https://www.stelco.com

Stelco Holdings Inc is a steel company. It is engaged in the production and selling of steel products for customers in the steel service center, appliance, automotive, energy, construction, pipe and tube industries in North America. The company's product offering includes Stelco Hot Roll Products, Hot Roll Automotive, Stelmax 80, Stelmax 90, Stelmax 100.

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