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Basf SE (XTER:BAS) Interest Expense : €-1,011 Mil (TTM As of Mar. 2024)


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What is Basf SE Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Basf SE's interest expense for the three months ended in Mar. 2024 was € -219 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-1,011 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. Basf SE's Operating Income for the three months ended in Mar. 2024 was € 1,639 Mil. Basf SE's Interest Expense for the three months ended in Mar. 2024 was € -219 Mil. Basf SE's Interest Coverage for the quarter that ended in Mar. 2024 was 7.48. 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.

Basf SE Interest Expense Historical Data

The historical data trend for Basf SE'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.

Basf SE Interest Expense Chart

Basf SE 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 -844.00 -678.00 -597.00 -721.00 -971.00

Basf SE 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 -179.00 -226.00 -239.00 -327.00 -219.00

Basf SE 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 €-1,011 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.

Basf SE  (XTER:BAS) 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.

Basf SE's Interest Expense for the three months ended in Mar. 2024 was €-219 Mil. Its Operating Income for the three months ended in Mar. 2024 was €1,639 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €18,986 Mil.

Basf SE'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*1639/-219
=7.48

* 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.

Basf SE (XTER:BAS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Basf SE (XTER:BAS) » Definitions » Interest Expense
Comparable Companies
XTER:SGL XTER:2HRA XTER:IBU TSE:4063 SAU:2010 DOW XKRX:051910 CE SHSE:600989 SZSE:002493 TSE:4091 XKRX:086520 XKLS:5183 TSE:3407 TPE:1326 SZSE:002460 XBRU:SYENS SHSE:600160 SHSE:603260 SHSE:600426
Traded in Other Exchanges
BFFAF:USA BASFY:USA BAS N:Mexico BASF:Italy BASF:Hungary BASd:UK 0BFA:UK BAS:Austria
Address
Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, DEU, 67056
Website
https://www.basf.com
Founded in 1865 and based in Germany, BASF is the world's largest chemical company, with products spanning the full spectrum of commodities to specialties. In addition, the company is a strong player in agricultural crop protection chemicals and emissions control catalysts for cars and trucks. Given its sheer size, BASF has a top-three market position in approximately 70% of its businesses.
Executives
Dr. Stephan Kothrade Board of Directors
Dr. Melanie Maas-brunner Board of Directors
Dr. Dirk Elvermann Board of Directors
Dr. Kurt Bock Supervisory Board
Prof. Dr. Stefan Asenkerschbaumer Supervisory Board
Dame Alison Carnwath Supervisory Board
Prof. Dr. Thomas Carell Supervisory Board
Alessandra Genco Supervisory Board
Liming Chen Supervisory Board
Dr. Markus Kamieth Board of Directors
Saori Dubourg Board of Directors
Sinischa Horvat Supervisory Board
Tatjana Diether Supervisory Board
Waldemar Helber Supervisory Board
Michael Heinz Board of Directors

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