ICL (ICL Group) Interest Expense : $-70 Mil (TTM As of Sep. 2024)

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What is ICL Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ICL Group's interest expense for the three months ended in Sep. 2024 was $ -46 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-70 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. ICL Group's Operating Income for the three months ended in Sep. 2024 was $ 234 Mil. ICL Group's Interest Expense for the three months ended in Sep. 2024 was $ -46 Mil. ICL Group's Interest Coverage for the quarter that ended in Sep. 2024 was 5.09. 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.

ICL Group Interest Expense Historical Data

The historical data trend for ICL Group'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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ICL Group Interest Expense Chart

ICL Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-106.00

-96.00

-108.00

-138.00

-160.00

ICL Group 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															-79.00	95.00	-60.00	-59.00	-46.00

ICL Group 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-70 Mil.

ICL Group (NYSE:ICL) 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.

ICL Group's Interest Expense for the three months ended in Sep. 2024 was $-46 Mil. Its Operating Income for the three months ended in Sep. 2024 was $234 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $1,845 Mil.

ICL Group'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	*	234	/	-46
	=	5.09

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

ICL Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » ICL Group Ltd (NYSE:ICL) » Definitions » Interest Expense

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ICL:Israel

Address

23 Aranha Street, P.O. Box 20245, Millennium Tower, Tel-Aviv, ISR, 61202

Website

https://www.icl-group.com

ICL Group Ltd is a manufacturer of products based on minerals. The firm is comprised of four segments: phosphate solutions, potash, industrial products, and growing solutions. These segments all contribute to the company's development of agriculture, food, and engineered material products and services. The company mines and manufactures potash and phosphates to be used as ingredients in fertilizers and serve as a component in the pharmaceutical and food additives industries. It is also engaged in industrial additives and materials, including flame retardants, phosphate salts, specialty phosphate blends, purified phosphoric acid, electronic-grade specialty phosphoric acids. Its geographical segments are Europe, Asia, North and South America, and the Rest of the world.