Rayonier Advanced Materials (STU:RYQ) Interest Expense : €-73 Mil (TTM As of Mar. 2024)

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What is Rayonier Advanced Materials Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Rayonier Advanced Materials's interest expense for the three months ended in Mar. 2024 was € -19 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-73 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. Rayonier Advanced Materials's Operating Income for the three months ended in Mar. 2024 was € 14 Mil. Rayonier Advanced Materials's Interest Expense for the three months ended in Mar. 2024 was € -19 Mil. Rayonier Advanced Materials's Interest Coverage for the quarter that ended in Mar. 2024 was 0.72. 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.

Rayonier Advanced Materials Interest Expense Historical Data

The historical data trend for Rayonier Advanced Materials'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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Rayonier Advanced Materials Interest Expense Chart

Rayonier Advanced Materials Annual Data

Trend

Dec14

Dec15

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Dec19

Dec20

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Dec23

Interest Expense

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-46.80

-51.44

-58.76

-62.48

-67.68

Rayonier Advanced Materials 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															-14.47	-14.25	-19.69	-20.05	-19.19

Rayonier Advanced Materials 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-73 Mil.

Rayonier Advanced Materials (STU:RYQ) 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.

Rayonier Advanced Materials's Interest Expense for the three months ended in Mar. 2024 was €-19 Mil. Its Operating Income for the three months ended in Mar. 2024 was €14 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €695 Mil.

Rayonier Advanced Materials'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	*	13.877	/	-19.187
	=	0.72

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

Rayonier Advanced Materials (STU:RYQ) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Rayonier Advanced Materials Inc (STU:RYQ) » Definitions » Interest Expense

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RYAM:USA

Address

1301 Riverplace Boulevard, Suite 2300, Jacksonville, FL, USA, 32207

Website

https://www.rayonieram.com

Rayonier Advanced Materials Inc manufactures high-purity cellulose derived from wood. Also known as cellulose specialties, the company's products are used in a variety of applications, including cigarette filters, liquid crystal displays, paints, pharmaceuticals, and food. The company operates in the reportable segments of High Purity Cellulose, Paperboard, High-Yield Pulp, and Corporate and Other. The key revenue is derived from the High Purity Cellulose segment. Geographically, it derives a majority of revenue from the United States.

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