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Evonik Industries AG (XTER:EVK) Interest Expense : €-249 Mil (TTM As of Mar. 2024)


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What is Evonik Industries AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Evonik Industries AG's interest expense for the three months ended in Mar. 2024 was € -50 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-249 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. Evonik Industries AG's Operating Income for the three months ended in Mar. 2024 was € 250 Mil. Evonik Industries AG's Interest Expense for the three months ended in Mar. 2024 was € -50 Mil. Evonik Industries AG's Interest Coverage for the quarter that ended in Mar. 2024 was 5.00. 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.

Evonik Industries AG Interest Expense Historical Data

The historical data trend for Evonik Industries 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.

* Premium members only.

Evonik Industries AG Interest Expense Chart

Evonik Industries AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -221.00 -171.00 -129.00 -122.00 -244.00

Evonik Industries 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -45.00 -48.00 -56.00 -95.00 -50.00

Evonik Industries 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 €-249 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.

Evonik Industries AG  (XTER:EVK) 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.

Evonik Industries AG's Interest Expense for the three months ended in Mar. 2024 was €-50 Mil. Its Operating Income for the three months ended in Mar. 2024 was €250 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €0 Mil.

Evonik Industries 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*250/-50
=5.00

* 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.

Evonik Industries AG (XTER:EVK) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Evonik Industries AG (XTER:EVK) » Definitions » Interest Expense
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Traded in Other Exchanges
EVKIY:USA EVKIF:USA EVK:Italy EVKd:UK 0QDS:UK EVKA:Germany EVK:Germany EVK:Germany EVK:Germany EVK:Austria
Address
Rellinghauser Strasse 1-11, Essen, NW, DEU, 45128
Website
https://www.evonik.com
Evonik Industries is a German chemical company offering a mix of speciality and commodity chemical products. It has a number-one to -three market position in 80% of its businesses. Around 45% of sales are generated in Europe, while the key markets of North America and Asia account for 25% and 20% of sales, respectively. The company is organized into four major segments: specialty additives, smart materials, nutrition and care, and performance materials.
Executives
Maike Schuh Board of Directors
Dr. Cornelius Baur Supervisory Board
Thomas Wessel Board of Directors
Christian Kullmann Board of Directors
Ute Wolf Board of Directors

Evonik Industries AG (XTER:EVK) Headlines

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