Novolipetsk Steel PJSC (MIC:NLMK) Interest Expense: ₽-4,070 Mil (TTM As of Dec. 2021)


MIC:NLMK Novolipetsk Steel PJSC MIC:NLMK
17 GF Score
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What is Novolipetsk Steel PJSC Interest Expense?

Novolipetsk Steel PJSC MIC:NLMK +3.68% 17 Interest Expense is ₽-4,070 Mil as of Dec. 2021. GuruFocus rates MIC:NLMK with a GF Score™ of 17/100.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Novolipetsk Steel PJSC's interest expense for the three months ended in Dec. 2021 was ₽ 3,031 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2021 was ₽-4,070 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. Novolipetsk Steel PJSC's Operating Income for the three months ended in Dec. 2021 was ₽ 120,070 Mil. Novolipetsk Steel PJSC's Interest Expense for the three months ended in Dec. 2021 was ₽ 3,031 Mil. Novolipetsk Steel PJSC 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.

Novolipetsk Steel PJSC  (MIC:NLMK) 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.

Novolipetsk Steel PJSC's Interest Expense for the three months ended in Dec. 2021 was ₽3,031 Mil. Its Operating Income for the three months ended in Dec. 2021 was ₽120,070 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2021 was ₽145,060 Mil.

Novolipetsk Steel PJSC's Interest Coverage for the quarter that ended in Dec. 2021 is calculated as

* 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.

Novolipetsk Steel PJSC Interest Expense Historical Data

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The historical data trend for Novolipetsk Steel PJSC'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.

Novolipetsk Steel PJSC Interest Expense Chart

Novolipetsk Steel PJSC Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3,741.98 -3,893.19 -2,974.61 -5,067.50 -4,066.43

Novolipetsk Steel PJSC Quarterly Data
Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
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 149.04 -1,669.89 -4,116.22 -1,315.29 3,031.34
MIC:NLMK
17GF Score
Novolipetsk Steel PJSC MIC:NLMK
Interest Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Novolipetsk Steel PJSC 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. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was ₽-4,070 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of ₽-4,070 Mil mean?
Novolipetsk Steel PJSC (MIC:NLMK) has a Interest Expense of ₽-4,070 Mil as of Dec. 2021. Interest Expense is the amount a company pays on its long-term debt. View historical data on Novolipetsk Steel PJSC and its competitors.
Is Novolipetsk Steel PJSC's Interest Expense too high?
Novolipetsk Steel PJSC's current Interest Expense is ₽-4,070 Mil. Overall, Novolipetsk Steel PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Novolipetsk Steel PJSC's Interest Expense compare to NUE and STLD?
Novolipetsk Steel PJSC's Interest Expense of ₽-4,070 Mil can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for a Steel company?
A good Interest Expense depends on the Steel industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Novolipetsk Steel PJSC and its competitors. Novolipetsk Steel PJSC's current Interest Expense is ₽-4,070 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novolipetsk Steel PJSC stock overvalued right now?
Novolipetsk Steel PJSC (MIC:NLMK) has a current Interest Expense of ₽-4,070 Mil. The current Interest Expense is ₽-4,070 Mil. Novolipetsk Steel PJSC's overall GF Score™ is 17/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For Novolipetsk Steel PJSC (MIC:NLMK), the current Interest Expense is ₽-4,070 Mil as of Dec. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Novolipetsk Steel PJSC Business Description

Address 2, Metallurgov Sq., Lipetsk, RUS, 398040
Novolipetsk Steel PJSC is a Russia-based steelmaker with production assets located in Russia, Europe, and the United States. The company's metal products are used in various industries, from construction and engineering to the manufacture of power-generating equipment and off shore wind turbines. The company operates through six segments, namely Mining, Russian flat products, Russian long products, NLMK USA, NLMK DanSteel and Plates Distribution Network, and Investments in NBH. Russian flat products for over half of the company's revenue. Russia, Europe, North America, and the Middle East are the four largest markets for the company.
17GF Score

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Interest Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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