Core Molding Technologies (Core Molding Technologies) Interest Expense : $-1.0 Mil (TTM As of Dec. 2023)

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What is Core Molding Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Core Molding Technologies's interest expense for the three months ended in Dec. 2023 was $ -0.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-1.0 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. Core Molding Technologies's Operating Income for the three months ended in Dec. 2023 was $ 2.7 Mil. Core Molding Technologies's Interest Expense for the three months ended in Dec. 2023 was $ -0.2 Mil. Core Molding Technologies's Interest Coverage for the quarter that ended in Dec. 2023 was 15.65. 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.

Core Molding Technologies Interest Expense Historical Data

The historical data trend for Core Molding Technologies'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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Core Molding Technologies Interest Expense Chart

Core Molding Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-4.14

-5.92

-2.31

-1.96

-1.01

Core Molding Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.45	-0.36	-0.29	-0.19	-0.18

Core Molding Technologies 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 $-1.0 Mil.

Core Molding Technologies (AMEX:CMT) 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.

Core Molding Technologies's Interest Expense for the three months ended in Dec. 2023 was $-0.2 Mil. Its Operating Income for the three months ended in Dec. 2023 was $2.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $21.5 Mil.

Core Molding Technologies'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	*	2.738	/	-0.175
	=	15.65

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

Core Molding Technologies (Core Molding Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Core Molding Technologies Inc (AMEX:CMT) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

XQN:Germany

Address

800 Manor Park Drive, Columbus, OH, USA, 43228-0183

Website

https://www.coremt.com

Core Molding Technologies Inc operates in the engineered materials market as one operating segment as a molder of thermoplastic and thermoset structural products. It produces and sells molded products for varied markets, including medium and heavy-duty trucks, automobiles, power sports, construction and agriculture, building products, and other industrial markets. The processes include compression molding of sheet molding compound (SMC), resin transfer molding (RTM), liquid molding of dicyclopentadiene (DCPD), spray-up and hand-lay-up, direct long-fiber thermoplastics (D-LFT) and structural foam, and structural web injection molding (SIM). It operates in Columbus, Ohio, Columbus, and Batavia, Ohio; Gaffney, South Carolina; Winona, Minnesota; Matamoros and others.

Executives

John P Zimmer	officer: VP, Treasurer, Secretary & CFO	800 MANOR PARK DRIVE, COLUMBUS OH 43228
Renee R Anderson	officer: EVP, Human Resources	800 MANOR PARK DR, COLUMBUS OH 43228
Eric Palomaki	officer: Vice President of Operations	800 MANOR PARK DRIVE, COLUMBUS OH 43228
David L. Duvall	director, officer: Chief Executive Officer	800 MANOR PARK DRIVE, COLUMBUS OH 43228
Thomas R Cellitti	director	493 S KENILWORTH AVENUE, ELMHURST IL 60126
Ralph O Hellmold	director
Matthew Jauchius	director	800 MANOR PARK DRIVE, COLUMBUS OH 43228
James C Highfield	officer: EVP, Sales and Marketing	800 MANOR PARK DRIVE, COLUMBUS OH 43228
Andrew O Smith	director	800 MANOR PARK DRIVE, COLUMBUS OH 43228
James F Crowley	director
Sandra Lee Kowaleski	director	800 MANOR PARK DRIVE, COLUMBUS OH 43228
James L Simonton	director
Robert P Price	officer: Vice President of Operations	800 MANOR PARK DRIVE, COLUMBUS OH 43228
Terrence James O'donovan	officer: VP, Marketing and Sales	800 MANOR PARK DRIVE, COLUMBUS OH 43228
Kevin L Barnett	director, officer: President and CEO