Rumo (RUMOF) Interest Expense : $-726 Mil (TTM As of Mar. 2024)

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What is Rumo Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Rumo's interest expense for the three months ended in Mar. 2024 was $ -156 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-726 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. Rumo's Operating Income for the three months ended in Mar. 2024 was $ 232 Mil. Rumo's Interest Expense for the three months ended in Mar. 2024 was $ -156 Mil. Rumo's Interest Coverage for the quarter that ended in Mar. 2024 was 1.49. 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.

Rumo Interest Expense Historical Data

The historical data trend for Rumo'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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Rumo Interest Expense Chart

Rumo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-432.41

-376.02

-472.15

-539.90

-726.14

Rumo 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															-146.42	-144.55	-137.84	-288.36	-155.64

Rumo 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 $-726 Mil.

Rumo (OTCPK:RUMOF) 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.

Rumo's Interest Expense for the three months ended in Mar. 2024 was $-156 Mil. Its Operating Income for the three months ended in Mar. 2024 was $232 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $4,932 Mil.

Rumo'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	*	231.876	/	-155.644
	=	1.49

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

Rumo (RUMOF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Rumo SA (OTCPK:RUMOF) » Definitions » Interest Expense

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RAIL3:Brazil

Address

Rua Emilio Bertolini, 100, Oficinas, Curitiba, PR, BRA, 82920-030

Website

https://www.rumolog.com

Rumo SA is a logistics provider operating in Brazil. The company provides services to export commodities, providing an integrated transport solution, handling, storage and shipment from the production centres to the main southern and southeast ports. Its operating segment includes North Operations; South Operations, and Container Operations. The company generates maximum revenue from the North Operations segment. The company's revenue consists of rail freight services, road freight, transport containers, storage and transhipment, and port lifting.

Rumo (RUMOF) Headlines

From GuruFocus

Q4 2023 Rumo SA Earnings Call (English, Portuguese) Transcript

By GuruFocus Research • 03-31-2024