Summit Materials (LTS:0LAI) Interest Expense : $-139 Mil (TTM As of Mar. 2024)

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What is Summit Materials Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Summit Materials's interest expense for the three months ended in Mar. 2024 was $ -52 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-139 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. Summit Materials's Operating Income for the three months ended in Mar. 2024 was $ 17 Mil. Summit Materials's Interest Expense for the three months ended in Mar. 2024 was $ -52 Mil. Summit Materials's Interest Coverage for the quarter that ended in Mar. 2024 was 0.32. 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.

Summit Materials Interest Expense Historical Data

The historical data trend for Summit Materials'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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Summit Materials Interest Expense Chart

Summit Materials Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-116.51

-103.60

-92.24

-86.97

-114.16

Summit Materials 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															-27.42	-27.90	-28.01	-30.82	-51.89

Summit Materials 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 $-139 Mil.

Summit Materials (LTS:0LAI) 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.

Summit Materials's Interest Expense for the three months ended in Mar. 2024 was $-52 Mil. Its Operating Income for the three months ended in Mar. 2024 was $17 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $2,851 Mil.

Summit Materials'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	*	16.507	/	-51.892
	=	0.32

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

Summit Materials (LTS:0LAI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Summit Materials Inc (LTS:0LAI) » Definitions » Interest Expense

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SUM:USA 7SU:Germany

Address

1801 California Street, Suite 3500, Denver, CO, USA, 80202

Website

https://www.summit-materials.com

Summit Materials Inc is an aggregates supplier and cement producer in the United States. The company sells products that include aggregates, which it supplies across the United States, and in British Columbia, Canada, and cement, which it supplies to surrounding states along the Mississippi River from Minnesota to Louisiana. In addition to supplying aggregates to customers, the company uses a portion of its materials internally to produce ready-mix concrete and asphalt paving mix, which may be sold externally or used in its paving and related services businesses. The company operates in 22 U.S. states and in British Columbia, Canada and has assets in 21 U.S. states and in British Columbia, Canada through their platforms.

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