AdvanSix (MEX:ASIX) Interest Expense : MXN-152 Mil (TTM As of Mar. 2024)

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What is AdvanSix Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AdvanSix's interest expense for the three months ended in Mar. 2024 was MXN -45 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was MXN-152 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. AdvanSix's Operating Income for the three months ended in Mar. 2024 was MXN -342 Mil. AdvanSix's Interest Expense for the three months ended in Mar. 2024 was MXN -45 Mil. AdvanSix 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.

AdvanSix Interest Expense Historical Data

The historical data trend for AdvanSix'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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AdvanSix Interest Expense Chart

AdvanSix Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-102.86

-155.00

-103.04

-54.22

-127.05

AdvanSix 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															-22.84	-33.50	-36.14	-37.16	-44.79

AdvanSix 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 MXN-152 Mil.

AdvanSix (MEX:ASIX) 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.

AdvanSix's Interest Expense for the three months ended in Mar. 2024 was MXN-45 Mil. Its Operating Income for the three months ended in Mar. 2024 was MXN-342 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was MXN5,039 Mil.

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

AdvanSix did not have earnings to cover the interest expense.

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

AdvanSix (MEX:ASIX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » AdvanSix Inc (MEX:ASIX) » Definitions » Interest Expense

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Traded in Other Exchanges

ASIX:USA 960:Germany

Address

300 Kimball Drive, Suite 101, Parsippany, NJ, USA, 07054

Website

https://www.advansix.com

AdvanSix Inc. is an integrated manufacturer of Nylon 6, a polymer resin and fertilizers. Nylon 6 is a synthetic material used by customers to produce engineered plastics, fibers, filaments, and films, which in turn are used in such end-products as automotive and electronic components, carpets, sports apparel, fishing nets and food and industrial packaging. In addition, it also sells a variety of other products, all of which are produced as part of the Nylon 6 resin manufacturing process including caprolactam, ammonium sulfate fertilizers, and other chemical intermediates. Geographically, the group operates through the United States and its business is also expanding internationally but it derives the majority of its revenue from the United States region.