Novolipetsk Steel PJSC (Novolipetsk Steel PJSC) Interest Expense : $-55 Mil (TTM As of Dec. 2021)

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What is Novolipetsk Steel PJSC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Novolipetsk Steel PJSC's interest expense for the three months ended in Dec. 2021 was $ 41 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2021 was $-55 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. Novolipetsk Steel PJSC's Operating Income for the three months ended in Dec. 2021 was $ 1,624 Mil. Novolipetsk Steel PJSC's Interest Expense for the three months ended in Dec. 2021 was $ 41 Mil. Novolipetsk Steel PJSC did not have earnings to cover the interest expense. 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.

Novolipetsk Steel PJSC Interest Expense Historical Data

The historical data trend for Novolipetsk Steel PJSC'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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Novolipetsk Steel PJSC Interest Expense Chart

Novolipetsk Steel PJSC Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Interest Expense

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-65.00

-56.00

-48.00

-68.00

-55.00

Novolipetsk Steel PJSC Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Interest Expense	Get a 7-Day Free Trial															2.00	-22.00	-56.00	-18.00	41.00

Novolipetsk Steel PJSC 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 Dec. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-55 Mil.

Novolipetsk Steel PJSC (OTCPK:NISQY) 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.

Novolipetsk Steel PJSC's Interest Expense for the three months ended in Dec. 2021 was $41 Mil. Its Operating Income for the three months ended in Dec. 2021 was $1,624 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2021 was $1,962 Mil.

Novolipetsk Steel PJSC's Interest Coverage for the quarter that ended in Dec. 2021 is calculated as

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

Novolipetsk Steel PJSC (Novolipetsk Steel PJSC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Novolipetsk Steel PJSC (OTCPK:NISQY) » Definitions » Interest Expense

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Address

2, Metallurgov Sq., Lipetsk, RUS, 398040

Website

https://www.nlmk.com

Novolipetsk Steel PJSC is a Russia-based steelmaker with production assets located in Russia, Europe, and the United States. The company's metal products are used in various industries, from construction and engineering to the manufacture of power-generating equipment and off shore wind turbines. The company operates through six segments, namely Mining, Russian flat products, Russian long products, NLMK USA, NLMK DanSteel and Plates Distribution Network, and Investments in NBH. Russian flat products for over half of the company's revenue. Russia, Europe, North America, and the Middle East are the four largest markets for the company.

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