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Orbia AdvanceB de CV (Orbia AdvanceB de CV) Interest Expense : $-426 Mil (TTM As of Sep. 2023)


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What is Orbia AdvanceB de CV Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Orbia AdvanceB de CV's interest expense for the three months ended in Sep. 2023 was $ -116 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-426 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. Orbia AdvanceB de CV's Operating Income for the three months ended in Sep. 2023 was $ 178 Mil. Orbia AdvanceB de CV's Interest Expense for the three months ended in Sep. 2023 was $ -116 Mil. Orbia AdvanceB de CV's Interest Coverage for the quarter that ended in Sep. 2023 was 1.53. 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.

Orbia AdvanceB de CV Interest Expense Historical Data

The historical data trend for Orbia AdvanceB de CV'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.

* Premium members only.

Orbia AdvanceB de CV Interest Expense Chart

Orbia AdvanceB de CV Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -250.67 -272.07 -239.00 -248.00 -285.00

Orbia AdvanceB de CV Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 -62.00 -96.00 -79.00 -135.00 -116.00

Orbia AdvanceB de CV 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-426 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.

Orbia AdvanceB de CV  (OTCPK:MXCHY) 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.

Orbia AdvanceB de CV's Interest Expense for the three months ended in Sep. 2023 was $-116 Mil. Its Operating Income for the three months ended in Sep. 2023 was $178 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $4,637 Mil.

Orbia AdvanceB de CV's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2023 )/Interest Expense (Q: Sep. 2023 )
=-1*178/-116
=1.53

* 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.

Orbia AdvanceB de CV (Orbia AdvanceB de CV) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Orbia Advance Corp SAB de CV (OTCPK:MXCHY) » Definitions » Interest Expense
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CYDSASAA SAU:2010 TSE:4063 XTER:BAS DOW XKRX:051910 SZSE:002493 SHSE:600989 XKRX:086520 CE XKLS:5183 SZSE:002460 TPE:1326 TSE:4091 XBRU:SOLB SHSE:600426 SHSE:603260 TSE:3407 SAU:2310 ISX:BRPT
Traded in Other Exchanges
MXCHF:USA ORBIA:Mexico 4FZ:Germany
Address
Avenida Paseo de la Reforma 483, Piso 47, Colonia Cuauhtemoc, Alcaldía Cuauhtemoc, Ciudad de México, MEX, MEX, 06500
Website
https://www.mexichem.com
Orbia Advance Corp SAB de CV manufactures and sells a variety of chemical-based products and energy. The firm's operating segments are included in five business groups: i) Building and Infrastructure (under the Wavin brand), ii) Connectivity Solutions (under the Dura-Line brand), iii) Precision Agriculture (under the Netafim brand), iv) Fluorinated Solutions (under the Koura brand), and v) Polymer Solutions (under the Vestolit and Alphagary brands). The majority of revenue comes from the USA and Europe.