Syensqo (FRA:2NF) Interest Expense : €-171 Mil (TTM As of Jun. 2023)

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What is Syensqo Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Syensqo's interest expense for the six months ended in Jun. 2023 was € -94 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was €-171 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. Syensqo's Operating Income for the six months ended in Jun. 2023 was € 636 Mil. Syensqo's Interest Expense for the six months ended in Jun. 2023 was € -94 Mil. Syensqo's Interest Coverage for the quarter that ended in Jun. 2023 was 6.77. 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.

Syensqo Interest Expense Historical Data

The historical data trend for Syensqo'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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Syensqo Interest Expense Chart

Syensqo Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Interest Expense

-164.00

-107.00

-133.00

Syensqo Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23
Interest Expense	-	-	-56.00	-77.00	-94.00

Syensqo 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-171 Mil.

Syensqo (FRA:2NF) 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.

Syensqo's Interest Expense for the six months ended in Jun. 2023 was €-94 Mil. Its Operating Income for the six months ended in Jun. 2023 was €636 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was €1,635 Mil.

Syensqo's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	636	/	-94
	=	6.77

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

Syensqo (FRA:2NF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Syensqo SA (FRA:2NF) » Definitions » Interest Expense

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SYENSb:UK SYENS:Belgium

Address

Rue de la fusee 98, Brussels, BEL, 1130

Website

https://www.syensqo.com

Syensqo SA is a company dedicated to providing solutions across specialty polymers, composite materials, specialty formulations and bio-circular chemistries to assist its customers in identifying, developing and manufacturing the next generation of high-performance sustainable solutions.

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