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Ascent Industries Co (FRA:SY4) Interest Expense : €-3.0 Mil (TTM As of Mar. 2024)


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What is Ascent Industries Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ascent Industries Co's interest expense for the three months ended in Mar. 2024 was € -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-3.0 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. Ascent Industries Co's Operating Income for the three months ended in Mar. 2024 was € -4.8 Mil. Ascent Industries Co's Interest Expense for the three months ended in Mar. 2024 was € -0.1 Mil. Ascent Industries Co did not have earnings to cover the interest expense. 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.

Ascent Industries Co Interest Expense Historical Data

The historical data trend for Ascent Industries Co'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.

Ascent Industries Co Interest Expense Chart

Ascent Industries Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.44 -1.73 -1.32 -2.59 -3.89

Ascent Industries Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.03 -0.97 -1.00 -0.94 -0.12

Ascent Industries Co 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 €-3.0 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.

Ascent Industries Co  (FRA:SY4) 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.

Ascent Industries Co's Interest Expense for the three months ended in Mar. 2024 was €-0.1 Mil. Its Operating Income for the three months ended in Mar. 2024 was €-4.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €28.2 Mil.

Ascent Industries Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Ascent Industries Co did not have earnings to cover the interest expense.

* 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.

Ascent Industries Co (FRA:SY4) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ascent Industries Co (FRA:SY4) » Definitions » Interest Expense
Comparable Companies
FRD WEBC HUDI ZKIN HLP INHD MSB USAP RDUS NUE BOM:500228 NSE:TATASTEEL SHSE:600019 XKRX:005490 STLD XAMS:MT TSE:5401 MIC:CHMF RS BOM:532286
Traded in Other Exchanges
ACNT:USA
Address
1400 16th Street, Suite 270, Oak Brook, IL, USA, 60523
Website
https://www.ascentco.com
Ascent Industries Co is engaged in the chemical and metal industry. The group operates into two reportable segments namely the Ascent Tubular Products and the Specialty Chemicals Segment. The Tubular Products segment serves markets through pipe and tube and customers in the appliance, architectural, automotive and commercial transportation, brewery, chemical, petrochemical and other industries. The Specialty Chemicals segment produces specialty products for the pulp and paper, coatings, adhesives, sealants and elastomers (CASE), textile, automotive, household and other industries. It manufactures welded pipe and tube, majorly from stainless steel, duplex, and nickel alloys. The company also produces specialty chemicals and dyes used in various end markets.

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