Iochpe-Maxion (Iochpe-Maxion) Interest Expense : $-124 Mil (TTM As of Dec. 2023)

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What is Iochpe-Maxion Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Iochpe-Maxion's interest expense for the three months ended in Dec. 2023 was $ -36 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-124 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. Iochpe-Maxion's Operating Income for the three months ended in Dec. 2023 was $ 34 Mil. Iochpe-Maxion's Interest Expense for the three months ended in Dec. 2023 was $ -36 Mil. Iochpe-Maxion's Interest Coverage for the quarter that ended in Dec. 2023 was 0.95. 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.

Iochpe-Maxion Interest Expense Historical Data

The historical data trend for Iochpe-Maxion'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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Iochpe-Maxion Interest Expense Chart

Iochpe-Maxion Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-41.17

-39.77

-51.80

-100.73

-125.47

Iochpe-Maxion Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-28.05	-29.92	-25.53	-32.28	-35.83

Iochpe-Maxion 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-124 Mil.

Iochpe-Maxion (OTCPK:IOCJY) 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.

Iochpe-Maxion's Interest Expense for the three months ended in Dec. 2023 was $-36 Mil. Its Operating Income for the three months ended in Dec. 2023 was $34 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,048 Mil.

Iochpe-Maxion's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	34.218	/	-35.833
	=	0.95

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

Iochpe-Maxion (Iochpe-Maxion) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Iochpe-Maxion SA (OTCPK:IOCJY) » Definitions » Interest Expense

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MYPK3:Brazil

Address

Rua Dr. Othon Barcellos, 83, Cruzeiro, SP, BRA

Website

https://www.iochpe-maxion.com.br

Iochpe-Maxion SA is a Brazilian company involved in the manufacturing of automobile parts. Its core business is the production of wheels and structural components for light and commercial vehicles and equipment for railways. The company is a world leader in the production of automotive wheels. It has nearly 30 manufacturing facilities located globally and has customers worldwide and operates through three divisions; Maxion Wheels, Maxion Structural Components, and Amsted-Maxion. Maxion Wheels produces and markets a wide range of steel wheels, Maxion Structural Components, we produce struts, sleepers, and chassis assembled for light vehicles and Amsted-Maxion produces freight wagons, railway wheels and castings.