PanAtlantica (BSP:PATI4) Interest Expense : R$-83 Mil (TTM As of Mar. 2024)

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What is PanAtlantica Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. PanAtlantica's interest expense for the three months ended in Mar. 2024 was R$ -14 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was R$-83 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. PanAtlantica's Operating Income for the three months ended in Mar. 2024 was R$ 26 Mil. PanAtlantica's Interest Expense for the three months ended in Mar. 2024 was R$ -14 Mil. PanAtlantica's Interest Coverage for the quarter that ended in Mar. 2024 was 1.78. 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.

PanAtlantica Interest Expense Historical Data

The historical data trend for PanAtlantica'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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PanAtlantica Interest Expense Chart

PanAtlantica Annual Data

Trend

Dec14

Dec15

Dec16

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Dec19

Dec20

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Dec22

Dec23

Interest Expense

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-31.58

-27.01

-49.20

-127.86

-95.27

PanAtlantica 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															-27.05	-26.72	-24.82	-16.68	-14.45

PanAtlantica 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$-83 Mil.

PanAtlantica (BSP:PATI4) 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.

PanAtlantica's Interest Expense for the three months ended in Mar. 2024 was R$-14 Mil. Its Operating Income for the three months ended in Mar. 2024 was R$26 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was R$237 Mil.

PanAtlantica'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	*	25.658	/	-14.448
	=	1.78

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

PanAtlantica (BSP:PATI4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » PanAtlantica SA (BSP:PATI4) » Definitions » Interest Expense

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Traded in Other Exchanges

PATI3:Brazil

Address

R Rudolfo Vontobel 600, P.O. Box 152 - Distrito Industrial, Gravataí, RS, BRA, 94045-405

Website

http://www.panatlantica.com.br

PanAtlantica SA produces, trades, imports and exports, and processes steel and other metals. The company's products include cold-rolled strips, strapping bands, sheets and coils, blanks, slit strips and profiles. Additionally, the Company provides steel cutting services through two different processes: slitting, which cuts the steel with rotating shears to form coils, and cut-to-length, which cuts it in flat sheets.

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