Buzzi Spa (MIL:BZU) Interest Expense : €-103 Mil (TTM As of Dec. 2023)

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What is Buzzi Spa Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Buzzi Spa's interest expense for the six months ended in Dec. 2023 was € -76 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-103 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. Buzzi Spa's Operating Income for the six months ended in Dec. 2023 was € 556 Mil. Buzzi Spa's Interest Expense for the six months ended in Dec. 2023 was € -76 Mil. Buzzi Spa's Interest Coverage for the quarter that ended in Dec. 2023 was 7.30. 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.

Buzzi Spa Interest Expense Historical Data

The historical data trend for Buzzi Spa'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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Buzzi Spa Interest Expense Chart

Buzzi Spa Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-60.16

-52.42

-41.80

-43.74

-103.49

Buzzi Spa Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-21.97	-21.22	-22.51	-27.29	-76.20

Buzzi Spa 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-103 Mil.

Buzzi Spa (MIL:BZU) 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.

Buzzi Spa's Interest Expense for the six months ended in Dec. 2023 was €-76 Mil. Its Operating Income for the six months ended in Dec. 2023 was €556 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €395 Mil.

Buzzi Spa's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	555.986	/	-76.201
	=	7.30

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

Buzzi Spa (MIL:BZU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Buzzi Spa (MIL:BZU) » Definitions » Interest Expense

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Traded in Other Exchanges

BZZUY:USA BZZUF:USA BZUm:UK 0NVQ:UK UCM:Germany

Address

Via Luigi Buzzi, 6, Casale Monferrato, ITA, 15033

Website

https://www.buzziunicem.com

Buzzi Spa manufactures and sells cement, ready-mix concrete, and aggregates. The company operates in two segments by product: cement and concrete/aggregates. The cement segment generates the majority of revenue, sells cement and cement-related products to the construction and building industries. The concrete and aggregates segment sells concrete and aggregates from hundreds of firm-owned concrete batch plants and aggregate quarries. The vast majority of Buzzi Unicem's revenue comes from the United States of America.