Innospec (FRA:OCT) Interest Expense : €-0 Mil (TTM As of Mar. 2024)

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What is Innospec Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Innospec's interest expense for the three months ended in Mar. 2024 was € 0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-0 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. Innospec's Operating Income for the three months ended in Mar. 2024 was € 49 Mil. Innospec's Interest Expense for the three months ended in Mar. 2024 was € 0 Mil. GuruFocus does not calculate Innospec's interest coverage with the available data. 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.

Innospec Interest Expense Historical Data

The historical data trend for Innospec'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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Innospec Interest Expense Chart

Innospec Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-4.32

-1.48

-1.33

-1.04

Innospec 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															-	-0.28	-	-	-

Innospec 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 €-0 Mil.

Innospec (FRA:OCT) 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.

Innospec's Interest Expense for the three months ended in Mar. 2024 was €0 Mil. Its Operating Income for the three months ended in Mar. 2024 was €49 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €28 Mil.

Innospec's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

GuruFocus does not calculate Innospec's interest coverage with the available data.

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Innospec Inc has enough cash to cover all of its debt. Its financial situation is stable.

Innospec (FRA:OCT) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Innospec Inc (FRA:OCT) » Definitions » Interest Expense

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IOSP:USA

Address

8310 South Valley Highway, Suite 350, Englewood, CO, USA, 80112

Website

https://www.innospecinc.com

Innospec Inc manufactures and sells a variety of chemicals and fuel additives. The firm organizes itself into three segments based on product type. The fuel specialties segment, which generates the majority of revenue, sells products used to improve fuel efficiency, boost engine performance, and reduce emissions for automobiles, boats, and airplanes. It also sells products used by oil field services providers in the extraction of oil and gas. The performance chemicals segment sells products to the personal-care industry. The Oilfield Services segment develops and markets products to prevent loss of mud.

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