Acuity Brands (Acuity Brands) Interest Expense

: $-25 Mil (TTM As of Feb. 2024)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Acuity Brands's interest expense for the three months ended in Feb. 2024 was $ -7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was $-25 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. Acuity Brands's Operating Income for the three months ended in Feb. 2024 was $ 117 Mil. Acuity Brands's Interest Expense for the three months ended in Feb. 2024 was $ -7 Mil. Acuity Brands's Interest Coverage for the quarter that ended in Feb. 2024 was 18.02. 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.

Acuity Brands Interest Expense Historical Data

The historical data trend for Acuity Brands'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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Acuity Brands Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Interest Expense

-36.40

-26.40

-24.20

-27.00

-27.90

Acuity Brands Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense																-7.60	-6.30	-6.10	-6.40	-6.50

Acuity Brands 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-25 Mil.

Acuity Brands (NYSE:AYI) 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.

Acuity Brands's Interest Expense for the three months ended in Feb. 2024 was $-7 Mil. Its Operating Income for the three months ended in Feb. 2024 was $117 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was $563 Mil.

Acuity Brands's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2024 )	/	Interest Expense (Q: Feb. 2024 )
	=	-1	*	117.1	/	-6.5
	=	18.02

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

Acuity Brands (Acuity Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Acuity Brands Inc (NYSE:AYI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

AQ8:Germany AQ8:Germany

Address

1170 Peachtree Street, N.E., Suite 2300, Atlanta, GA, USA, 30309

Website

https://www.acuitybrands.com

Acuity Brands Inc is the parent company of Acuity Brands Lighting and other subsidiaries, which provide lighting products for commercial, institutional, industrial, and residential applications. These products include luminaires, lighting controls, lighting components, and integrated lighting systems that use a combination of light sources. Customers include electrical distributors, electric utilities, retail home improvement centers, and lighting showrooms. A majority of the firms' revenue is generated in the United States.

Executives

Dianne B Mills	officer: SVP & Chief HR Officer	C/O ACUITY BRANDS, INC., 1170 PEACHTREE STREET, NE, STE 2300, ATLANTA GA 30309
Barry R Goldman	officer: SVP & General Counsel	1170 PEACHTREE STREET, NE, SUITE 2300, ATLANTA GA 30309
Laura O'shaughnessy	director	C/O VROOM, INC., 1375 BROADWAY, FLOOR 11, NEW YORK NY 10018
Karen J Holcom	officer: Interim CFO	1170 PEACHTREE STREET, NE, SUITE 2400, ATLANTA GA 30309
Michael J Bender	director	3980 BAUGHMAN GRANT ROAD, NEW ALBANY OH 43054
Marcia J Avedon	director	C/O INGERSOLL-RAND COMPANY, 800-E BEATY STREET, DAVIDSON NC 28036
Mark Sachleben	director	C/O NEW RELIC, INC., 188 SPEAR STREET, STE. 1200, SAN FRANCISCO CA 94105
Peter C Browning	director	GMS INC., 100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084
Mary A Winston	director	557 BROADWAY, C/O SCHOLASTIC CORP, NEW YORK NY 10012
Maya Leibman	director	4333 AMON CARTER BLVD, FORT WORTH TX 76155
Neil Ashe	director, officer: President & CEO	C/O ACUITY BRANDS, INC., 1170 PEACHTREE STREET, NE, STE 2300, ATLANTA GA 30309
Robert F Mccullough	director	1170 PEACHTREE STREET, NE, SUITE 2300, ATLANTA GA 300309
Ray M Robinson	director	1170 PEACHTREE STREET NE, SUITE 2300, ATLANTA GA 30309
Dillard George Douglas Jr	director	1170 PEACHTREE STREET NE, SUITE 2300, ATLANTA GA 30309
W. Patrick Battle	director	1170 PEACHTREE STREET NE, SUITE 2300, ATLANTA X1 30309