Freeport-McMoRan (MIL:1FCX) Interest Expense : €-278 Mil (TTM As of Mar. 2025)

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What is Freeport-McMoRan Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Freeport-McMoRan's interest expense for the three months ended in Mar. 2025 was € -65 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2025 was €-278 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. Freeport-McMoRan's Operating Income for the three months ended in Mar. 2025 was € 1,205 Mil. Freeport-McMoRan's Interest Expense for the three months ended in Mar. 2025 was € -65 Mil. Freeport-McMoRan's Interest Coverage for the quarter that ended in Mar. 2025 was 18.61. 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.

Freeport-McMoRan Interest Expense Historical Data

The historical data trend for Freeport-McMoRan'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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Freeport-McMoRan Interest Expense Chart

Freeport-McMoRan Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-491.56

-532.77

-528.64

-472.26

-304.65

Freeport-McMoRan Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Interest Expense	Get a 7-Day Free Trial															-81.88	-81.75	-64.87	-66.85	-64.75

Freeport-McMoRan 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. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was €-278 Mil.

Freeport-McMoRan (MIL:1FCX) 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.

Freeport-McMoRan's Interest Expense for the three months ended in Mar. 2025 was €-65 Mil. Its Operating Income for the three months ended in Mar. 2025 was €1,205 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2025 was €8,241 Mil.

Freeport-McMoRan's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2025 )	/	Interest Expense (Q: Mar. 2025 )
	=	-1	*	1205.275	/	-64.75
	=	18.61

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

Freeport-McMoRan Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Freeport-McMoRan Inc (MIL:1FCX) » Definitions » Interest Expense

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Traded in Other Exchanges

FCX:USA FCX:Peru FCX:Mexico FCX_KZ:Kazakhstan FPMBd:UK 0R2O:UK FPMB:Germany FPMB:Germany FPMB:Germany FCX:Chile FCXO34:Brazil FCX:Austria FCX:Argentina

Address

333 North Central Avenue, Phoenix, AZ, USA, 85004-2189

Website

https://www.fcx.com

Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.2 million metric tons of copper (its share) in 2024, making it the one of the world's largest copper miners by volume. It also sold about 900,000 ounces of gold, mostly from Grasberg, and 70 million pounds of molybdenum. It had about 25 years of copper reserves at the end of December 2024. We expect it to sell similar amounts of copper midcycle in 2029, though we expect gold volumes to decline to about 700,000 ounces then due to falling production at Grasberg.

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