EcoRodovias Infraestrutura E Logistica (BSP:ECOR3) Interest Expense : R$-1,370 Mil (TTM As of Mar. 2024)

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What is EcoRodovias Infraestrutura E Logistica Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. EcoRodovias Infraestrutura E Logistica's interest expense for the three months ended in Mar. 2024 was R$ -328 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was R$-1,370 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. EcoRodovias Infraestrutura E Logistica's Operating Income for the three months ended in Mar. 2024 was R$ 832 Mil. EcoRodovias Infraestrutura E Logistica's Interest Expense for the three months ended in Mar. 2024 was R$ -328 Mil. EcoRodovias Infraestrutura E Logistica's Interest Coverage for the quarter that ended in Mar. 2024 was 2.54. 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.

EcoRodovias Infraestrutura E Logistica Interest Expense Historical Data

The historical data trend for EcoRodovias Infraestrutura E Logistica'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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EcoRodovias Infraestrutura E Logistica Interest Expense Chart

EcoRodovias Infraestrutura E Logistica Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-526.00

-436.97

-508.71

-839.31

-1,274.77

EcoRodovias Infraestrutura E Logistica 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															-233.37	-333.05	-356.56	-351.79	-328.33

EcoRodovias Infraestrutura E Logistica 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$-1,370 Mil.

EcoRodovias Infraestrutura E Logistica (BSP:ECOR3) 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.

EcoRodovias Infraestrutura E Logistica's Interest Expense for the three months ended in Mar. 2024 was R$-328 Mil. Its Operating Income for the three months ended in Mar. 2024 was R$832 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was R$14,534 Mil.

EcoRodovias Infraestrutura E Logistica'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	*	832.381	/	-328.333
	=	2.54

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

EcoRodovias Infraestrutura E Logistica (BSP:ECOR3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » EcoRodovias Infraestrutura E Logistica SA (BSP:ECOR3) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Rua Gomes de Carvalho, 1510 3rd Floor, Vila Olimpia, Sao Paulo, SP, BRA, 04547-005

Website

http://www.ecorodovias.com.br

EcoRodovias Infraestrutura E Logistica SA is an infrastructure and logistics company. The company organises itself into three segments: concessions, holding and services, and ports. Concessions, which includes the company's Brazilian toll road operations, contributes the vast majority of revenue. Ports, the next largest segment, includes the company's port operations, in addition to handling and warehousing import and export cargos. The company is headquartered in Brazil, and generates all revenue domestically.

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