ChampionX (ChampionX) Interest Expense : $-56 Mil (TTM As of Mar. 2024)

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What is ChampionX Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ChampionX's interest expense for the three months ended in Mar. 2024 was $ -14 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-56 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. ChampionX's Operating Income for the three months ended in Mar. 2024 was $ 127 Mil. ChampionX's Interest Expense for the three months ended in Mar. 2024 was $ -14 Mil. ChampionX's Interest Coverage for the quarter that ended in Mar. 2024 was 9.10. 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.

ChampionX Interest Expense Historical Data

The historical data trend for ChampionX'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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ChampionX Interest Expense Chart

ChampionX Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-39.30

-51.73

-51.92

-45.20

-54.56

ChampionX 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															-12.47	-14.54	-13.74	-13.81	-13.94

ChampionX 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 $-56 Mil.

ChampionX (NAS:CHX) 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.

ChampionX's Interest Expense for the three months ended in Mar. 2024 was $-14 Mil. Its Operating Income for the three months ended in Mar. 2024 was $127 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $671 Mil.

ChampionX'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	*	126.79	/	-13.935
	=	9.10

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

ChampionX (ChampionX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ChampionX Corp (NAS:CHX) » Definitions » Interest Expense

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Traded in Other Exchanges

X9P:Germany

Address

2445 Technology Forest Boulevard, Building 4, 12th Floor, The Woodlands, TX, USA, 77381

Website

https://www.championx.com

ChampionX provides chemical solutions and equipment for onshore and offshore oil and gas production. Its engineering expertise spans the well life cycle, but the firm maintains a particular focus on the production phase. Key offerings include artificial lift services and drilling technologies, specializing in polycrystalline diamond cutter inserts. ChampionX was formed after Apergy acquired its chemical technologies business from Ecolab in 2020.

Executives

Deric D. Bryant	officer: See remarks	1 ECOLAB PLACE, ST. PAUL MN 55102
Sivasankaran Somasundaram	director, officer: President & CEO	C/O APERGY CORPORATION, 2445 TECHNOLOGY FOREST BLVD, BLD 4, FL 9, THE WOODLANDS TX 77381
William Jr. O'dell	officer: See remarks	2445 TECHNOLOGY FOREST BOULEVARD, BUILDING 4, 12TH FLOOR, THE WOODLANDS TX 77381
Elaine M Pickle	director	ONE ENERGY PLAZA, DETROIT MI 48226
Fierro A Carlos	director	910 LOUISIANA STREET, HOUSTON TX 77002
Paul E Mahoney	officer: See Remarks	C/O APERGY CORPORATION, 2445 TECHNOLOGY FOREST BLVD, BLD 4, FL 9, THE WOODLANDS TX 77381
Antoine Marcos	officer: VP, Corp Controller, CAO	2445 TECHNOLOGY FOREST BOULEVARD, BUILDING 4, 12TH FLOOR, THE WOODLANDS TX 77381
Stephen M. Todd	director	C/O DOVER CORPORATION, 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 606515
Julia Wright	officer: Senior VP, GC & Secretary	C/O APERGY CORPORATION, 2445 TECHNOLOGY FOREST BLVD, BLD 4, FL 9, THE WOODLANDS TX 77381
Heidi S Alderman	director	C/O OLIN CORPORATION, 190 CARONDELET PLZ, STE 1530, CLAYTON MO 63105
Stuart D Porter	director	200 CLARENDON ST, 25TH FLOOR, BOSTON MA 02116
Jordan Zweig	officer: SVP & Chief HR Officer	2445 TECHNOLOGY FOREST BOULEVARD, BUILDING 4, 12TH FLOOR, THE WOODLANDS TX 77381
Syed Raza	officer: SVP & Chief Digital Officer	C/O APERGY CORPORATION, 2445 TECHNOLOGY FOREST BLVD, BLD 4, FL 9, THE WOODLANDS TX 77381
Amy Thompson Broussard	officer: Senior VP & Chief HR Officer	C/O APERGY CORPORATION, 2445 TECHNOLOGY FOREST BLVD, BLD 4, FL 9, THE WOODLANDS TX 77381
Shankar Annamalai	officer: Senior VP Operations	C/O APERGY CORPORATION, 2445 TECHNOLOGY FOREST BLVD, BLD 4, FL 9, THE WOODLANDS TX 77381