Methanex (STU:MX5) Interest Expense : €-104 Mil (TTM As of Sep. 2024)

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What is Methanex Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Methanex's interest expense for the three months ended in Sep. 2024 was € -25 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was €-104 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. Methanex's Operating Income for the three months ended in Sep. 2024 was € 37 Mil. Methanex's Interest Expense for the three months ended in Sep. 2024 was € -25 Mil. Methanex's Interest Coverage for the quarter that ended in Sep. 2024 was 1.48. 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.

Methanex Interest Expense Historical Data

The historical data trend for Methanex'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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Methanex Interest Expense Chart

Methanex Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-111.98

-135.50

-127.80

-123.43

-107.63

Methanex Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-24.70	-27.59	-25.46	-25.72	-25.07

Methanex 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-104 Mil.

Methanex (STU:MX5) 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.

Methanex's Interest Expense for the three months ended in Sep. 2024 was €-25 Mil. Its Operating Income for the three months ended in Sep. 2024 was €37 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was €2,284 Mil.

Methanex's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	37.148	/	-25.069
	=	1.48

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

Methanex Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Methanex Corp (STU:MX5) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MEOH:USA MX5:Germany MX:Canada

Address

200 Burrard Street, 1800 Waterfront Centre, Vancouver, BC, CAN, V6C 3M1

Website

https://www.methanex.com

Methanex Corp manufactures and sells methanol. Methanex's customers use methanol as a feedstock to produce end-products including adhesives, foams, solvents, and windshield washer fluids. The firm also sells its products to the oil refining industry, where the methanol is blended with gasoline to produce a high-octane fuel or blended as a component of biodiesel. Methanex distributes its products through a global supply chain that includes the operation of port terminals, tankers, barges, rail cars, trucks, and pipelines. China generates the most revenue of any geographical segment.

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