Armstrong World Industries (Armstrong World Industries) Interest Expense

: $-35 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Armstrong World Industries's interest expense for the three months ended in Dec. 2023 was $ -9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-35 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. Armstrong World Industries's Operating Income for the three months ended in Dec. 2023 was $ 52 Mil. Armstrong World Industries's Interest Expense for the three months ended in Dec. 2023 was $ -9 Mil. Armstrong World Industries's Interest Coverage for the quarter that ended in Dec. 2023 was 6.06. 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.

Armstrong World Industries Interest Expense Historical Data

The historical data trend for Armstrong World Industries'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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Armstrong World Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-38.40

-24.10

-22.90

-27.10

-35.30

Armstrong World Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-9.20	-8.70	-9.20	-8.80	-8.60

Armstrong World Industries 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-35 Mil.

Armstrong World Industries (NYSE:AWI) 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.

Armstrong World Industries's Interest Expense for the three months ended in Dec. 2023 was $-9 Mil. Its Operating Income for the three months ended in Dec. 2023 was $52 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $608 Mil.

Armstrong World Industries's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	52.1	/	-8.6
	=	6.06

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

Armstrong World Industries (Armstrong World Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Armstrong World Industries Inc (NYSE:AWI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

91A:Germany

Address

2500 Columbia Avenue, Lancaster, PA, USA, 17603

Website

https://www.armstrongceilings.com

Armstrong World Industries Inc is engaged in the design, innovation and manufacture of ceiling and wall solutions in the Americas. The products include mineral fiber, fiberglass wool, metal, wood, wood fiber, glass-reinforced-gypsum and felt. The company also manufactures ceiling suspension system (grid) products through a joint venture with Worthington Industries, Inc. called Worthington Armstrong Venture (WAVE).

Executives

Victor Grizzle	director, officer: CEO	2500 COLUMBIA AVE, LANCASTER PA 17604-3001
Monica M. Maheshwari	officer: SVP, Human Resources	2500 COLUMBIA AVENUE, LANCASTER PA 17603
Mark A Hershey	officer: See Remarks	ARMSTRONG WORLD INDUSTRIES, INC., 2500 COLUMBIA AVENUE, LANCASTER PA 17604-3001
Christopher P. Calzaretta	officer: SVP & CFO	2500 COLUMBIA AVENUE, LANCASTER PA 17603
Richard D Holder	director	EATON CENTER, 1111 SUPERIOR AVENUE, CLEVELAND OH 44114
William H Osborne	director	1415 WEST 22ND STREET, SUITE 1100, OAK BROOK IL 60523
Jill A. Crager	officer: SVP Sales Operations	2500 COLUMBIA AVENUE, LANCASTER PA 17603
Dawn M. Kirchner-king	officer: SVP & CIO	2500 COLUMBIA AVENUE, LANCASTER PA 17603
Ellen R. Romano	officer: SVP, Human Resources	C/O 2500 COLUMBIA AVE, LANCASTER PA 17603
Austin So	officer: SVP Gen Cnsl, Compliance	C/O STONEMOR PARTNERS L.P., 3600 HORIZON BOULEVARD, TREVOSE PA 19053
Charles M Chiappone	officer: SVP, Ceiling Solutions	2500 COLUMBIA AVE, LANCASTER PA 17603
James T. Burge	officer: Vice President & Controller	2500 COLUMBIA AVENUE, LANCASTER PA 17603
Stephen F Mcnamara	officer: VP, Controller	C/O ARMSTRONG WORLD INDUSTRIES, INC., PO BOX 3001, LANCASTER PA 17604
Roy W Templin	director	ARMSTRONG WORLD INDUSTRIES, INC., 2500 COLUMBIA AVENUE, LANCASTER PA 17603
Barbara Loughran	director	1999 BRYAN STREET, DALLAS TX 75201