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Neo Performance Materials (TSX:NEO) Interest Expense : C$-0.8 Mil (TTM As of Mar. 2024)


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What is Neo Performance Materials Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Neo Performance Materials's interest expense for the three months ended in Mar. 2024 was C$ -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0.8 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. Neo Performance Materials's Operating Income for the three months ended in Mar. 2024 was C$ 8.1 Mil. Neo Performance Materials's Interest Expense for the three months ended in Mar. 2024 was C$ -0.1 Mil. Neo Performance Materials's Interest Coverage for the quarter that ended in Mar. 2024 was 55.14. 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.

Neo Performance Materials Interest Expense Historical Data

The historical data trend for Neo Performance Materials'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.

* Premium members only.

Neo Performance Materials Interest Expense Chart

Neo Performance Materials Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial -3.04 -0.28 -0.41 -1.23 -0.92

Neo Performance Materials 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.10 -0.21 -0.16 -0.25 -0.15

Neo Performance Materials 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 C$-0.8 Mil.

* 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.

Neo Performance Materials  (TSX:NEO) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Neo Performance Materials's Interest Expense for the three months ended in Mar. 2024 was C$-0.1 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$8.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$63.9 Mil.

Neo Performance Materials'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*8.051/-0.146
=55.14

* 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.

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

Neo Performance Materials (TSX:NEO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Neo Performance Materials Inc (TSX:NEO) » Definitions » Interest Expense
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Traded in Other Exchanges
NOPMF:USA N14:Germany
Address
121 King Street West, Suite 1740, Toronto, ON, CAN, M5H 3T9
Website
https://www.neomaterials.com
Neo Performance Materials Inc is engaged in the innovation, development, processing, and manufacturing of rare earth and rare metal-based functional materials. Its operating segments include Magnequench, Chemicals & Oxides, Rare Metals, and Corporate. The Magnequench segment produces magnetic powders used in bonded and hot-deformed, fully dense neodymium-iron-boron magnets. The Chemicals & Oxides segment manufactures and distributes a broad range of industrial materials. The Rare Metals segment produces specialty metals and their compounds, such as tantalum, niobium, hafnium, rhenium, gallium, and indium. Its geographical segments are Asia, North America, Europe, and Others.
Executives
Rahim Suleman Director, Senior Officer