MRC Global (MRC Global) Interest Expense : $-33 Mil (TTM As of Mar. 2024)

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What is MRC Global Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MRC Global's interest expense for the three months ended in Mar. 2024 was $ -8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-33 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. MRC Global's Operating Income for the three months ended in Mar. 2024 was $ 38 Mil. MRC Global's Interest Expense for the three months ended in Mar. 2024 was $ -8 Mil. MRC Global's Interest Coverage for the quarter that ended in Mar. 2024 was 4.75. 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.

MRC Global Interest Expense Historical Data

The historical data trend for MRC Global'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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MRC Global Interest Expense Chart

MRC Global Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-40.00

-28.00

-23.00

-24.00

-32.00

MRC Global 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															-7.00	-10.00	-9.00	-6.00	-8.00

MRC Global 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 $-33 Mil.

MRC Global (NYSE:MRC) 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.

MRC Global's Interest Expense for the three months ended in Mar. 2024 was $-8 Mil. Its Operating Income for the three months ended in Mar. 2024 was $38 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $189 Mil.

MRC Global'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	*	38	/	-8
	=	4.75

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

MRC Global (MRC Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » MRC Global Inc (NYSE:MRC) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

1301 McKinney Street, Suite 2300, Houston, TX, USA, 77010

Website

https://www.mrcglobal.com

MRC Global Inc distributes pipes, valves, fittings, and related products and services to the energy industry. Products are often used in the construction, maintenance, repair, and overhaul of equipment used in extreme operating conditions. In these conditions and other environments, MRC's valve products give the customer the ability to control the direction, velocity, and pressure of fluids and gases within transmission networks. In addition, other products can be used to regulate flow and on/off service. MRC's other products, which include pipe, steel fitting, and tubular goods, are used across all of the industries in which the company operates. Specialized services are delivered alongside this array of products to enhance the client relationship.

Executives

Shweta Kurvey-mishra	officer: See Remarks	1301 MCKINNEY STREET, SUITE 2300, HOUSTON TX 77010
Anne Mcentee	director	1301 MCKINNEY STREET, SUITE 2300, HOUSTON TX 77010
Malcolm O'neal	officer: SVP - Human Resources	1301 MCKINNEY ST., SUITE 2300, HOUSTON TX 77010
Emily K. Shields	officer: See Remarks	1301 MCKINNEY ST., SUITE 2300, HOUSTON TX 77010
Stephen B. Smith	officer: See Remarks	1301 MCKINNEY ST., SUITE 2300, HOUSTON TX 77010
Ronald L Jadin	director	100 GRAINGER PARKWAY, LAKE FOREST IL 60045
George John Damiris	director	100 CRESCENT COURT, SUITE 1600, DALLAS TX 75201
Gillian Anderson	officer: See Remarks	1301 MCKINNEY ST., SUITE 2300, HOUSTON TX 77010
Robert J. Saltiel	director, officer: President and CEO	4 GREENWAY PLAZA, HOUSTON TX 77046
Rance C Long	officer: SVP-Business Development	1301 MCKINNEY STREET, SUITE 2300, HOUSTON TX 77010
John P Mccarthy	officer: SVP-Supply Chain	1301 MCKINNEY STREET, SUITE 2300, HOUSTON TX 77010
Cornell Capital Gp Ii Lp	10 percent owner	C/O CORNELL CAPITAL LLC, 499 PARK AVENUE, 21ST FLOOR, NEW YORK NY 10022
Cornell Investment Partners Llc	10 percent owner	C/O DAVIS POLK & WARDWELL LLP, ATTN: R.A DRUCKER, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Mario Investments Llc	10 percent owner	C/O DAVIS POLK & WARDWELL LLP, ATTN: R.A DRUCKER, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Cornell Capital Special Situations Partners Ii Lp	10 percent owner	C/O CORNELL CAPITAL LLC, 499 PARK AVENUE, 21ST FLOOR, NEW YORK NY 10022