Constructora Conconcreto (BOG:CONCONCRET) Interest Expense : COP-109,179 Mil (TTM As of Mar. 2024)

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What is Constructora Conconcreto Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Constructora Conconcreto's interest expense for the three months ended in Mar. 2024 was COP -26,896 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was COP-109,179 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. Constructora Conconcreto's Operating Income for the three months ended in Mar. 2024 was COP 30,494 Mil. Constructora Conconcreto's Interest Expense for the three months ended in Mar. 2024 was COP -26,896 Mil. Constructora Conconcreto's Interest Coverage for the quarter that ended in Mar. 2024 was 1.13. 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.

Constructora Conconcreto Interest Expense Historical Data

The historical data trend for Constructora Conconcreto'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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Constructora Conconcreto Interest Expense Chart

Constructora Conconcreto Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-70,485.96

-60,563.35

-47,137.31

-75,866.82

-106,869.33

Constructora Conconcreto 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															-26,784.90	-27,190.54	-28,595.40	-26,496.51	-26,896.20

Constructora Conconcreto 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 COP-109,179 Mil.

Constructora Conconcreto (BOG:CONCONCRET) 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.

Constructora Conconcreto's Interest Expense for the three months ended in Mar. 2024 was COP-26,896 Mil. Its Operating Income for the three months ended in Mar. 2024 was COP30,494 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was COP553,877 Mil.

Constructora Conconcreto'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	*	30494.12	/	-26896.195
	=	1.13

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

Constructora Conconcreto (BOG:CONCONCRET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Constructora Conconcreto SA (BOG:CONCONCRET) » Definitions » Interest Expense

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Address

Carrera 43A No.18 sur 135, 4th Floor, Sao Paulo Plaza, Medellin, COL

Website

http://www.conconcreto.com

Constructora Conconcreto SA operates in the construction and infrastructure business in Colombia. It builds tunnels, bridges, roads, housing, public and commercial buildings.

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