Solvay (XBRU:SOLB) Interest Expense : €-123 Mil (TTM As of Mar. 2024)

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What is Solvay Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Solvay's interest expense for the three months ended in Mar. 2024 was € -30 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-123 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. Solvay's Operating Income for the three months ended in Mar. 2024 was € 170 Mil. Solvay's Interest Expense for the three months ended in Mar. 2024 was € -30 Mil. Solvay's Interest Coverage for the quarter that ended in Mar. 2024 was 5.67. 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.

Solvay Interest Expense Historical Data

The historical data trend for Solvay'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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Solvay Interest Expense Chart

Solvay Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-249.00

-182.00

-107.00

-54.00

-133.00

Solvay 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															-24.00	-41.00	-47.00	-5.00	-30.00

Solvay 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 €-123 Mil.

Solvay (XBRU:SOLB) 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.

Solvay's Interest Expense for the three months ended in Mar. 2024 was €-30 Mil. Its Operating Income for the three months ended in Mar. 2024 was €170 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €1,986 Mil.

Solvay'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	*	170	/	-30
	=	5.67

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Solvay SA interest coverage is 3.08, which is low.

Solvay (XBRU:SOLB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Solvay SA (XBRU:SOLB) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

SVYSF:USA SLVYY:USA SOLBb:UK 0NZR:UK SOL:Germany SOLB:Austria

Address

Rue De Ransbeek, 310, Brussels, BEL, B-1120

Website

https://www.solvay.com

Solvay is a Belgium-based producer of chemicals, plastics, and composites. The company has a top-three market position for nearly all of its products. Key business segments include materials, chemicals, and solutions. High-value products include aerospace composites and specialty polymers while traditional chemical products include soda ash and hydrogen peroxide. Geographical exposure is relatively balanced, with Europe, North America, and Asia each contributing a third of sales.

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