Chase (CCF) Interest Expense : $-9.0 Mil (TTM As of Aug. 2023)

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What is Chase Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Chase's interest expense for the three months ended in Aug. 2023 was $ -2.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Aug. 2023 was $-9.0 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. Chase's Operating Income for the three months ended in Aug. 2023 was $ 14.8 Mil. Chase's Interest Expense for the three months ended in Aug. 2023 was $ -2.1 Mil. Chase's Interest Coverage for the quarter that ended in Aug. 2023 was 7.04. 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.

Chase Interest Expense Historical Data

The historical data trend for Chase'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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Chase Interest Expense Chart

Chase Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Interest Expense

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-0.52

-0.25

-0.30

-0.43

-8.98

Chase Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23
Interest Expense	Get a 7-Day Free Trial															-0.16	-2.14	-2.39	-2.36	-2.10

Chase 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 Aug. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-9.0 Mil.

Chase (AMEX:CCF) 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.

Chase's Interest Expense for the three months ended in Aug. 2023 was $-2.1 Mil. Its Operating Income for the three months ended in Aug. 2023 was $14.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Aug. 2023 was $110.1 Mil.

Chase's Interest Coverage for the quarter that ended in Aug. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Aug. 2023 )	/	Interest Expense (Q: Aug. 2023 )
	=	-1	*	14.756	/	-2.095
	=	7.04

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

Chase (CCF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Chase Corp (AMEX:CCF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

375 University Avenue, Westwood, MA, USA, 02090

Website

https://www.chasecorp.com

Chase Corp is a specialty chemical company. It operates through the following segments: Adhesives, Sealants and Additives, Industrial Tapes and Corrosion Protection and Waterproofing. The firm generates majority revenue from the Industrial Tapes segment. Its Industrial Tapes segment features legacy wire and cable materials, specialty tapes, and other laminated and coated products. Geographically, it derives a majority of revenue from North America and also has a presence in Asia; Europe, and Other Countries.

Executives

Adam Chase	officer: COO/Vice President	104 ALBION ROAD, WELLESLEY MA 02481
Thomas Jr Wroe	director
Ellen Rubin	director	11 CLEMENTS ROAD, NEWTON MA 02458
Mary Claire Chase	director	115 SUMNER STREET, NEWTON MA 02459
Derby John H. Iii	director	1029 OCEAN BLVD., RYE NH 03870
Jeffery D Haigh	officer: Corporate Secretary	2 SUMMER STREET, NORWOOD MA 02062
Michael J. Bourque	officer: Treasurer & CFO	ANALOGIC CORPORATION, 8 CENTENNIAL DRIVE, PEABODY MA 01960
Lewis P Gack	director	5 LIVINGTON CIRCLE, ANDOVER MA 01810
Peter R Chase	officer: President, CEO	305 GRANGE PARK, BRIDGEWATER MA 02324
Joan Wallace-benjamin	director	175 SANDY VALLEY ROAD, DEDHAM MA 02026
Christian John Talma	officer: Chief Accounting Officer	5 ALHAMBRA RD., WELLESLEY MA 02481
Chad A. Mcdaniel	director	C/O LYDALL, INC., 1 COLONIAL ROAD, MANCHESTER CT 06042
Thomas D. Debyle	director	STANDEX INT'L, 6 MANOR PARKWAY, SALEM NH 03079
Kenneth James Feroldi	officer: CFO/Treasurer	67 KIMBERLEY DRIVE, WAKEFIELD RI 02878
Everett Jr Chadwick	director	20 SOUTH DRIVE, BRIDGEWATER MA 02324