SVYSF (Solvay) Interest Expense : $-182 Mil (TTM As of Sep. 2024)

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What is Solvay Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Solvay's interest expense for the three months ended in Sep. 2024 was $ -39 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-182 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. Solvay's Operating Income for the three months ended in Sep. 2024 was $ 145 Mil. Solvay's Interest Expense for the three months ended in Sep. 2024 was $ -39 Mil. Solvay's Interest Coverage for the quarter that ended in Sep. 2024 was 3.74. 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.

Solvay Interest Expense Historical Data

The historical data trend for Solvay'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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Solvay Interest Expense Chart

Solvay Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-276.67

-221.41

-120.90

-57.20

-145.04

Solvay 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															-28.82	-67.61	-32.61	-43.06	-38.85

Solvay 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 $-182 Mil.

Solvay (OTCPK:SVYSF) 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.

Solvay's Interest Expense for the three months ended in Sep. 2024 was $-39 Mil. Its Operating Income for the three months ended in Sep. 2024 was $145 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $2,212 Mil.

Solvay'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	*	145.394	/	-38.846
	=	3.74

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

Solvay Business Description

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SLVYY:USA SOLBb:UK 0NZR:UK SOL0:Germany SOLB:Belgium SOLB:Austria

Address

Rue De Ransbeek, 310, Brussels, BEL, B-1120

Website

https://www.solvay.com

Solvay SA is a Belgium-based producer of chemicals, plastics, and composites. Their five major businesses include soda ash, peroxides, silica, rare earths, and fluorine. The company has a top-three market position for nearly all of its products. Key business segments include Basic Chemicals, Performance Chemicals, and Corporate. High-value products include aerospace composites and specialty polymers while traditional chemical products include soda ash and hydrogen peroxide. Geographical exposure is relatively balanced, with Europe, North America, and Asia each contributing a third of sales.