Mills Locacao Servicos e Logistica (BSP:MILS3) Interest Expense : R$-161 Mil (TTM As of Dec. 2023)

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What is Mills Locacao Servicos e Logistica Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mills Locacao Servicos e Logistica's interest expense for the three months ended in Dec. 2023 was R$ -47 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was R$-161 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. Mills Locacao Servicos e Logistica's Operating Income for the three months ended in Dec. 2023 was R$ 134 Mil. Mills Locacao Servicos e Logistica's Interest Expense for the three months ended in Dec. 2023 was R$ -47 Mil. Mills Locacao Servicos e Logistica's Interest Coverage for the quarter that ended in Dec. 2023 was 2.84. 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.

Mills Locacao Servicos e Logistica Interest Expense Historical Data

The historical data trend for Mills Locacao Servicos e Logistica'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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Mills Locacao Servicos e Logistica Interest Expense Chart

Mills Locacao Servicos e Logistica Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-20.61

-14.71

-20.07

-64.51

-148.12

Mills Locacao Servicos e Logistica 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															-34.64	-33.53	-33.17	-47.06	-46.80

Mills Locacao Servicos e Logistica 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was R$-161 Mil.

Mills Locacao Servicos e Logistica (BSP:MILS3) 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.

Mills Locacao Servicos e Logistica's Interest Expense for the three months ended in Dec. 2023 was R$-47 Mil. Its Operating Income for the three months ended in Dec. 2023 was R$134 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was R$816 Mil.

Mills Locacao Servicos e Logistica's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	133.514	/	-47.058
	=	2.84

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

Mills Locacao Servicos e Logistica (BSP:MILS3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Mills Locacao Servicos e Logistica SA (BSP:MILS3) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Estrada do Guerengue, 1381, Taquara, Rio de Janeiro, RJ, BRA, 22713-002

Website

https://ri.mills.com.br

Mills Locacao Servicos e Logistica SA operates in the infrastructure, construction, and manufacturing industries. Its activity includes Rental and sale, including imports and exports, of steel and aluminum tubular structures, shoring and access equipment for construction works, as well as reusable concrete formworks. Sale, rental, and distribution of aerial work platforms and telescopic handlers. It has a Construction business unit and Rental business unit segments, and the majority of the revenue derives from the Rental business segment.

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