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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Steel Dynamics's interest expense for the three months ended in Mar. 2024 was $ -12 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-66 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. Steel Dynamics's Operating Income for the three months ended in Mar. 2024 was $ 814 Mil. Steel Dynamics's Interest Expense for the three months ended in Mar. 2024 was $ -12 Mil. Steel Dynamics's Interest Coverage for the quarter that ended in Mar. 2024 was 67.93. 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.
The historical data trend for Steel Dynamics'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.
Steel Dynamics Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Interest Expense | Get a 7-Day Free Trial | -127.10 | -94.88 | -57.21 | -91.54 | -76.48 |
Steel Dynamics 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 | -22.51 | -20.77 | -18.42 | -14.80 | -11.98 |
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 $-66 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.
Steel Dynamics (NAS:STLD) 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.
Steel Dynamics's Interest Expense for the three months ended in Mar. 2024 was $-12 Mil. Its Operating Income for the three months ended in Mar. 2024 was $814 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $2,612 Mil.
Steel Dynamics's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
Interest Coverage | = | -1 | * | Operating Income (Q: Mar. 2024 ) | / | Interest Expense (Q: Mar. 2024 ) |
= | -1 | * | 813.627 | / | -11.978 | |
= | 67.93 |
* 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.
Glenn Pushis | officer: Senior Vice President | 4500 COUNTY ROAD 59, BUTLER IN 46721 |
James C Marcuccilli | director | 127 W BERRY ST, FORT WAYNE IN 46802 |
Bradley S Seaman | director | 161 SHAWFORD WAY, LAKE FOREST IL 60045 |
Richard A Poinsatte | officer: Senior Vice President | 6714 POINTE INVERNESS WAY, SUITE 200, FORT WAYNE IN 46804 |
Jennifer L Hamann | director | 1400 DOUGLAS STREET, OMAHA NE 68130 |
Christopher A Graham | officer: Vice President | 7575 W. JEFFERSON BLVD., FORT WAYNE IN 46804 |
Gabriel Shaheen | director | 1540 PARILLA CIRCLE, TRINITY FL 34655 |
Keith E Busse | director | 7575 W. JEFFERSON BLVD., FORT WAYNE IN 46804 |
James Stanley Anderson | officer: Senior Vice President | 203 E BERRY STREET, AWB SUITE 804, FORT WAYNE IN 46802 |
Luis Manuel Sierra | director | 1555 CORAOPOLIS HEIGHTS ROAD, MOON TOWNSHIP PA 15108 |
Miguel Alvarez | officer: Senior Vice President | 7575 WEST JEFFERSON BLVD., FORT WAYNE IN 46804 |
Mark D Millett | director, officer: President and CEO | 7575 W JEFFERSON BLVD, FORT WAYNE IN 46804 |
Theresa E Wagler | officer: Executive Vice President & CFO | 7575 W JEFFERSON BLVD, FORT WAYNE IN 46804 |
Russell B Rinn | officer: Executive Vice President | 7575 WEST JEFFERSON BOULEVARD, FORT WAYNE IN 46804 |
Kenneth W. Cornew | director | 10 SOUTH DEARBORN STREET, 54TH FLOOR, CHICAGO IL 60603 |
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