Plascar Participacoes Industriais (BSP:PLAS3) Interest Expense : R$-97.5 Mil (TTM As of Mar. 2024)

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What is Plascar Participacoes Industriais Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Plascar Participacoes Industriais's interest expense for the three months ended in Mar. 2024 was R$ -17.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was R$-97.5 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. Plascar Participacoes Industriais's Operating Income for the three months ended in Mar. 2024 was R$ 3.5 Mil. Plascar Participacoes Industriais's Interest Expense for the three months ended in Mar. 2024 was R$ -17.1 Mil. Plascar Participacoes Industriais's Interest Coverage for the quarter that ended in Mar. 2024 was 0.21. 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.

Plascar Participacoes Industriais Interest Expense Historical Data

The historical data trend for Plascar Participacoes Industriais'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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Plascar Participacoes Industriais Interest Expense Chart

Plascar Participacoes Industriais Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

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Dec21

Dec22

Dec23

Interest Expense

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-68.96

-25.18

-53.61

-65.57

-100.45

Plascar Participacoes Industriais 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															-20.05	-20.39	-23.65	-36.37	-17.13

Plascar Participacoes Industriais 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 R$-97.5 Mil.

Plascar Participacoes Industriais (BSP:PLAS3) 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.

Plascar Participacoes Industriais's Interest Expense for the three months ended in Mar. 2024 was R$-17.1 Mil. Its Operating Income for the three months ended in Mar. 2024 was R$3.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was R$122.8 Mil.

Plascar Participacoes Industriais'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	*	3.515	/	-17.132
	=	0.21

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. Plascar Participacoes Industriais SAs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Plascar Participacoes Industriais (BSP:PLAS3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Plascar Participacoes Industriais SA (BSP:PLAS3) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Rua Wilhelm Winter, 300 Distrito Industrial, Jundiai, SP, BRA, CEP 13213-000

Website

https://www.plascar.com.br

Plascar Participacoes Industriais SA is engaged in manufacturing and distributing auto parts. The company with its subsidiaries is involved in the manufacturing and sales of pieces and parts related to internal and external finishing of automotive vehicles. In addition, the company is also involved in the manufacturing of non-automotive products, such as supermarket trolleys, multipurpose boxes, ecological pallets, and furniture. The company product portfolio includes products like includes bumpers, instrument panels, air diffusers, cup holders, side doors, door pockets, and carpets.

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