The Mosaic Co (LTS:0K3B) Interest Expense : $-197 Mil (TTM As of Mar. 2024)

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What is The Mosaic Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. The Mosaic Co's interest expense for the three months ended in Mar. 2024 was $ -58 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-197 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. The Mosaic Co's Operating Income for the three months ended in Mar. 2024 was $ 173 Mil. The Mosaic Co's Interest Expense for the three months ended in Mar. 2024 was $ -58 Mil. The Mosaic Co's Interest Coverage for the quarter that ended in Mar. 2024 was 2.97. 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.

The Mosaic Co Interest Expense Historical Data

The historical data trend for The Mosaic 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.

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The Mosaic Co Interest Expense Chart

The Mosaic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-216.00

-214.10

-194.30

-168.80

-189.00

The Mosaic 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															-50.20	-47.30	-40.30	-51.20	-58.20

The Mosaic 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 $-197 Mil.

The Mosaic Co (LTS:0K3B) 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.

The Mosaic Co's Interest Expense for the three months ended in Mar. 2024 was $-58 Mil. Its Operating Income for the three months ended in Mar. 2024 was $173 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $3,387 Mil.

The Mosaic Co'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	*	172.9	/	-58.2
	=	2.97

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

The Mosaic Co (LTS:0K3B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » The Mosaic Co (LTS:0K3B) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MOS:USA MOS:Mexico 02M:Germany MOSC34:Brazil

Address

101 East Kennedy Boulevard, Suite 2500, Tampa, FL, USA, 33602

Website

https://www.mosaicco.com

Formed in 2004 by the combination of IMC Global and Cargill's fertilizer business, Mosaic is one of the largest phosphate and potash producers in the world. The company's assets include phosphate rock mines in Florida, Brazil, and Peru and potash mines in Saskatchewan, New Mexico, and Brazil. Mosaic also runs a large fertilizer distribution operation in Brazil through its Mosiac Fertilizantes business, which the company acquired from Vale in 2018.

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