Incitec Pivot (ASX:IPL) Interest Expense : A$-150 Mil (TTM As of Sep. 2023)

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What is Incitec Pivot Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Incitec Pivot's interest expense for the six months ended in Sep. 2023 was A$ -74 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was A$-150 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. Incitec Pivot's Operating Income for the six months ended in Sep. 2023 was A$ 179 Mil. Incitec Pivot's Interest Expense for the six months ended in Sep. 2023 was A$ -74 Mil. Incitec Pivot's Interest Coverage for the quarter that ended in Sep. 2023 was 2.42. 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.

Incitec Pivot Interest Expense Historical Data

The historical data trend for Incitec Pivot'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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Incitec Pivot Interest Expense Chart

Incitec Pivot Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-149.10

-133.70

-109.10

-103.50

-150.30

Incitec Pivot Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial															-44.40	-46.40	-57.10	-76.30	-74.00

Incitec Pivot 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-150 Mil.

Incitec Pivot (ASX:IPL) 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.

Incitec Pivot's Interest Expense for the six months ended in Sep. 2023 was A$-74 Mil. Its Operating Income for the six months ended in Sep. 2023 was A$179 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was A$1,904 Mil.

Incitec Pivot's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	179	/	-74
	=	2.42

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

Incitec Pivot (ASX:IPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Incitec Pivot Ltd (ASX:IPL) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

INCZY:USA ICPVF:USA I5P:Germany

Address

28 Freshwater Place, Level 8, Southbank, Melbourne, VIC, AUS, 3006

Website

https://www.incitecpivot.com.au

Incitec Pivot is a leading global explosives company with operations in Australia, Asia, and the Americas. We estimate its share of the global commercial explosives market at about 15%. Explosives contributes around 80% of EBIT. Incitec Pivot is also a major Australian fertilizer producer and distributor and is the only Australian manufacturer of ammonium phosphates and urea. Ammonium phosphates are sold in the domestic market and exported.

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