CSN Mineracao (BSP:CMIN3) Interest Expense : R$-975 Mil (TTM As of Mar. 2024)

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What is CSN Mineracao Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CSN Mineracao's interest expense for the three months ended in Mar. 2024 was R$ -270 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was R$-975 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. CSN Mineracao's Operating Income for the three months ended in Mar. 2024 was R$ 801 Mil. CSN Mineracao's Interest Expense for the three months ended in Mar. 2024 was R$ -270 Mil. CSN Mineracao's Interest Coverage for the quarter that ended in Mar. 2024 was 2.97. 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.

CSN Mineracao Interest Expense Historical Data

The historical data trend for CSN Mineracao'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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CSN Mineracao Interest Expense Chart

CSN Mineracao Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-155.63

-304.01

-258.86

-438.88

-867.76

CSN Mineracao 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															-162.52	-277.66	-213.52	-214.06	-269.76

CSN Mineracao 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 R$-975 Mil.

CSN Mineracao (BSP:CMIN3) 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.

CSN Mineracao's Interest Expense for the three months ended in Mar. 2024 was R$-270 Mil. Its Operating Income for the three months ended in Mar. 2024 was R$801 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was R$7,800 Mil.

CSN Mineracao'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	*	800.59	/	-269.758
	=	2.97

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

CSN Mineracao (BSP:CMIN3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » CSN Mineracao SA (BSP:CMIN3) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Casa de Pedra, PO Box: 97, Congonhas, MG, BRA, 36415-000

Website

https://www.csn.com.br

CSN Mineracao SA is engaged in the steelmaking business. The company operates in steel, mining, cement, logistics, and energy segments. The product portfolio includes flat, long, steel packaging, steel cutting services, and others.

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