United States Steel (BUE:X) Interest Expense : ARS-15,333 Mil (TTM As of Mar. 2024)

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What is United States Steel Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. United States Steel's interest expense for the three months ended in Mar. 2024 was ARS -1,685 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ARS-15,333 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. United States Steel's Operating Income for the three months ended in Mar. 2024 was ARS 128,903 Mil. United States Steel's Interest Expense for the three months ended in Mar. 2024 was ARS -1,685 Mil. United States Steel's Interest Coverage for the quarter that ended in Mar. 2024 was 76.50. 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.

United States Steel Interest Expense Historical Data

The historical data trend for United States Steel'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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United States Steel Interest Expense Chart

United States Steel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-8,487.85

-22,786.40

-31,609.87

-26,656.35

-25,992.00

United States Steel 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															-5,333.85	-4,800.00	-5,599.20	-3,249.00	-1,685.00

United States Steel 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 ARS-15,333 Mil.

United States Steel (BUE:X) 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.

United States Steel's Interest Expense for the three months ended in Mar. 2024 was ARS-1,685 Mil. Its Operating Income for the three months ended in Mar. 2024 was ARS128,903 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ARS3,493,848 Mil.

United States Steel'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	*	128902.502	/	-1685
	=	76.50

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

United States Steel (BUE:X) Business Description

Industry

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Address

600 Grant Street, Pittsburgh, PA, USA, 15219-2800

Website

https://www.ussteel.com

United States Steel Corp operates primarily in the United States but also has a steelmaking capacity in Slovakia. The company's operating segments include North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment includes U. S. Steel's integrated steel plants and equity investees in North America involved in the production of slabs, strip mill plates, sheets, and tin mill products, as well as all iron ore and coke production facilities in the United States. It primarily serves North American customers in the service center, conversion, transportation, construction, container, and appliance, and electrical markets.