Perimeter Solutions (Perimeter Solutions) Interest Expense : $-41.9 Mil (TTM As of Mar. 2024)

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What is Perimeter Solutions Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Perimeter Solutions's interest expense for the three months ended in Mar. 2024 was $ -10.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-41.9 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. Perimeter Solutions's Operating Income for the three months ended in Mar. 2024 was $ -74.9 Mil. Perimeter Solutions's Interest Expense for the three months ended in Mar. 2024 was $ -10.6 Mil. Perimeter Solutions 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.

Perimeter Solutions Interest Expense Historical Data

The historical data trend for Perimeter Solutions'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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Perimeter Solutions Interest Expense Chart

Perimeter Solutions Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-51.66

-42.02

-42.59

-41.38

Perimeter Solutions Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial												-10.15	-10.34	-10.45	-10.44	-10.65

Perimeter Solutions 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 $-41.9 Mil.

Perimeter Solutions (NYSE:PRM) 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.

Perimeter Solutions's Interest Expense for the three months ended in Mar. 2024 was $-10.6 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-74.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $687.5 Mil.

Perimeter Solutions's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Perimeter Solutions did not have earnings to cover the interest expense.

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

Perimeter Solutions (Perimeter Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Perimeter Solutions SA (NYSE:PRM) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

6OL:Germany

Address

12E Rue Guillaume Kroll, Grand Duchy of Luxembourg, LUX, L-1882

Website

https://www.perimeter-solutions.com

Perimeter Solutions SA is a global manufacturer of firefighting products and lubricant additives. The company operates in two business segments namely Fire Safety and Specialty Products. Geographically, the company generates majority of the revenue from United States.

Executives

Khouri Haitham	director, officer: Chief Executive Officer	C/O PERIMETER SOLUTIONS, SA, 12E RUE GUILLAUME KROLL L1882 LUXEMBOURG, GRAND DUCHY N4 00000
Tracy Britt Cool	director	C/O BERKSHIRE HATHAWAY INC., 3555 FARNAM STREET, OMAHA NE 68131
Windacre Partnership Master Fund, Lp	10 percent owner	2200 POST OAK BLVD., SUITE 1580, HOUSTON TX 77056
Charles W. Kropp	officer: Chief Financial Officer	C/O PERIMETER SOLUTIONS, SA, 12E RUE GUILLAUME KROLL L1882 LUXEMBOURG, GRAND DUCHY N4 00000
Jeffrey Emery	officer: President - Global Fire Safety	C/O PERIMETER SOLUTIONS, SA, 12E RUE GUILLAUME KROLL L1882 LUXEMBOURG, GRAND DUCHY N4 00000
Iversen Bernt G Ii	director	CHAMPION AEROSPACE INC, 1230 OLD NORRIS ROAD, LIBERTY SC 29657
Kevin M Stein	director	TRANSDIGM GROUP INCORPORATED, 1301 EAST 9TH STREET, SUITE 3000, CLEVELAND OH 44114
Edward D. Goldberg	director, officer: Chief Executive Officer	C/O PERIMETER SOLUTIONS, SA, 12E RUE GUILLAUME KROLL L1882 LUXEMBOURG, GRAND DUCHY N4 00000
Windacre Partnership Llc	10 percent owner	2200 POST OAK BOULEVARD, SUITE 1580, HOUSTON TX 77056
Snehal Amin	10 percent owner	2200 POST OAK BLVD., SUITE 1580, HOU TX 77056
Sean P Hennessy	director	C/O THE SHERWIN WILLIAMS CO, 101 PROSPECT AVE NW, CLEVELAND OH 44115
Windacre General Partner Lp	10 percent owner	2200 POST OAK BLVD., SUITE 1580, HOUSTON TX 77056
Kremling Ernest C. Ii	officer: Chief Operating Officer	9555 WEST SAM HOUSTON PARKWAY SOUTH, SUITE 600, HOUSTON TX 77099
Noriko Yokozuka	officer: General Counsel	C/O PERIMETER SOLUTIONS, SA, 12E RUE GUILLAUME KROLL L1882 LUXEMBOURG, GRAND DUCHY N4 00000
Stephen Cornwall	officer: Chief Commercial Officer	C/O PERIMETER SOLUTIONS, SA, 12E RUE GUILLAUME KROLL L1882 LUXEMBOURG, GRAND DUCHY N4 00000