Fomento de Construcciones y Contratas (Fomento de Construcciones y Contratas) Interest Expense : $-157 Mil (TTM As of Jun. 2023)

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What is Fomento de Construcciones y Contratas Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Fomento de Construcciones y Contratas's interest expense for the six months ended in Jun. 2023 was $ -108 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was $-157 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. Fomento de Construcciones y Contratas's Operating Income for the six months ended in Jun. 2023 was $ 512 Mil. Fomento de Construcciones y Contratas's Interest Expense for the six months ended in Jun. 2023 was $ -108 Mil. Fomento de Construcciones y Contratas's Interest Coverage for the quarter that ended in Jun. 2023 was 4.73. 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.

Fomento de Construcciones y Contratas Interest Expense Historical Data

The historical data trend for Fomento de Construcciones y Contratas'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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Fomento de Construcciones y Contratas Interest Expense Chart

Fomento de Construcciones y Contratas Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-198.78

-162.34

-161.76

-121.49

-127.38

Fomento de Construcciones y Contratas Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Interest Expense	Get a 7-Day Free Trial															-86.90	-39.99	-78.87	-48.34	-108.30

Fomento de Construcciones y Contratas 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-157 Mil.

Fomento de Construcciones y Contratas (OTCPK:FMOCF) 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.

Fomento de Construcciones y Contratas's Interest Expense for the six months ended in Jun. 2023 was $-108 Mil. Its Operating Income for the six months ended in Jun. 2023 was $512 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was $3,961 Mil.

Fomento de Construcciones y Contratas's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	512.021	/	-108.295
	=	4.73

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

Fomento de Construcciones y Contratas (Fomento de Construcciones y Contratas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Fomento de Construcciones y Contratas SA (OTCPK:FMOCF) » Definitions » Interest Expense

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Traded in Other Exchanges

0HAA:UK FCC:Spain FCC:Germany

Address

Federico Salmon, 13, Madrid, ESP, 28016

Website

http://www.fcc.es

Fomento de Construcciones y Contratas SA is in the business of environmental services, end to end water management, construction and cement. The company's activities include services related to urban water treatment, waste recovery, end to end water cycle and also infrastructure construction projects, building construction, manufacturing of cement and concrete and operation of quarries and mineral deposits. The firm derives majority of its revenues from environmental services segment. It carries out international operations in European, the US and Latin American markets.