SKFOF (Sika AG) Interest Expense : $-225 Mil (TTM As of Jun. 2024)

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What is Sika AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sika AG's interest expense for the six months ended in Jun. 2024 was $ -106 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was $-225 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. Sika AG's Operating Income for the six months ended in Jun. 2024 was $ 931 Mil. Sika AG's Interest Expense for the six months ended in Jun. 2024 was $ -106 Mil. Sika AG's Interest Coverage for the quarter that ended in Jun. 2024 was 8.78. 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.

Sika AG Interest Expense Historical Data

The historical data trend for Sika AG'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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Sika AG Interest Expense Chart

Sika AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-59.54

-64.61

-61.78

-63.76

-191.61

Sika AG Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial															-32.88	-29.52	-70.19	-118.53	-106.06

Sika AG 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-225 Mil.

Sika AG (OTCPK:SKFOF) 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.

Sika AG's Interest Expense for the six months ended in Jun. 2024 was $-106 Mil. Its Operating Income for the six months ended in Jun. 2024 was $931 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was $5,992 Mil.

Sika AG's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	930.857	/	-106.064
	=	8.78

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

Sika AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sika AG (OTCPK:SKFOF) » Definitions » Interest Expense

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Traded in Other Exchanges

SXYAY:USA SIKAz:UK 0Z4C:UK SIKB:Germany SIKA:Switzerland

Address

Zugerstrasse 50, Baar, CHE, 6340

Website

https://www.sika.com

Established in 1910, Sika produces specialty chemicals primarily used by the construction sector (85% of sales). Its products are mainly used for bonding, sealing, reinforcing, and protecting in the construction and automotive industries. Approximately 70% of its products have a positive impact on sustainability for customers. Sika has a global manufacturing footprint of more than 400 factories spread across over 100 countries.