Ashland (FRA:AHT) Interest Expense : €-49 Mil (TTM As of Mar. 2024)

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What is Ashland Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ashland's interest expense for the three months ended in Mar. 2024 was € -12 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-49 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. Ashland's Operating Income for the three months ended in Mar. 2024 was € 19 Mil. Ashland's Interest Expense for the three months ended in Mar. 2024 was € -12 Mil. Ashland's Interest Coverage for the quarter that ended in Mar. 2024 was 1.62. 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.

Ashland Interest Expense Historical Data

The historical data trend for Ashland'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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Ashland Interest Expense Chart

Ashland Annual Data

Trend

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Sep23

Interest Expense

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-103.51

-74.71

-58.65

-62.62

-50.60

Ashland 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															-13.08	-12.92	-12.18	-11.92	-11.96

Ashland 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 €-49 Mil.

Ashland (FRA:AHT) 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.

Ashland's Interest Expense for the three months ended in Mar. 2024 was €-12 Mil. Its Operating Income for the three months ended in Mar. 2024 was €19 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €1,315 Mil.

Ashland'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	*	19.32	/	-11.96
	=	1.62

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

Ashland (FRA:AHT) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ashland Inc (FRA:AHT) » Definitions » Interest Expense

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ASH:USA

Address

8145 Blazer Drive, Wilmington, DE, USA, 19808

Website

http://www.ashland.com

Ashland Inc is a world-wide specialty materials company that serves a wide range of industrial markets. The company has a business-centric operating model and is organized into four distinct segments: life sciences, personal care, specialty additives, and intermediates. Key customers for the firm include pharmaceutical companies and manufacturers of personal care products, food and beverages, and nutraceuticals and supplements. The life sciences segment derives maximum revenue. Ashland includes only U.S. and Canada in its North America designation and includes Europe, the Middle East and Africa in its Europe designation.