Salzgitter AG (Salzgitter AG) Interest Expense : $-173 Mil (TTM As of Mar. 2024)

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What is Salzgitter AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Salzgitter AG's interest expense for the three months ended in Mar. 2024 was $ -40 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-173 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. Salzgitter AG's Operating Income for the three months ended in Mar. 2024 was $ 23 Mil. Salzgitter AG's Interest Expense for the three months ended in Mar. 2024 was $ -40 Mil. Salzgitter AG's Interest Coverage for the quarter that ended in Mar. 2024 was 0.58. 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.

Salzgitter AG Interest Expense Historical Data

The historical data trend for Salzgitter 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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Salzgitter AG Interest Expense Chart

Salzgitter AG Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-89.33

-113.02

-71.19

-83.37

-176.23

Salzgitter AG 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															-41.22	-41.28	-41.52	-50.16	-39.78

Salzgitter 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-173 Mil.

Salzgitter AG (OTCPK:SZGPY) 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.

Salzgitter AG's Interest Expense for the three months ended in Mar. 2024 was $-40 Mil. Its Operating Income for the three months ended in Mar. 2024 was $23 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $0 Mil.

Salzgitter AG'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	*	23.043	/	-39.783
	=	0.58

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

Salzgitter AG (Salzgitter AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Salzgitter AG (OTCPK:SZGPY) » Definitions » Interest Expense

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Traded in Other Exchanges

SZGd:UK 0G77:UK SZG:Germany SZG:Germany SZG:Germany SZG:Germany

Address

Eisenhüttenstrasse 99, Salzgitter, DEU, 38239

Website

https://www.salzgitter-ag.com

Salzgitter AG is a German-based steel & technology company. The segments of the company are Steel Production, Steel Processing, Trading, & Technology business. The majority is derived from the trading segment. Steel Production Business Unit manufactures high-quality branded steel & special steel. Steel Processing Business Unit produce a broad spectrum of high-grade plate products. Trading Business Unit operates a tightly-knit European sales network & trading companies & agencies that ensure that Salzgitter Group's products & services are marketed efficiently. Technology Business Unit operates in the filling & packing technology segment, as well as in special machinery engineering for shoe manufacturing & elastomer production. Geographically, the majority is derived from domestic markets.