Crane Co (Crane Co) Interest Expense : $-23 Mil (TTM As of Mar. 2024)

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What is Crane Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Crane Co's interest expense for the three months ended in Mar. 2024 was $ -7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-23 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. Crane Co's Operating Income for the three months ended in Mar. 2024 was $ 89 Mil. Crane Co's Interest Expense for the three months ended in Mar. 2024 was $ -7 Mil. Crane Co's Interest Coverage for the quarter that ended in Mar. 2024 was 12.42. 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.

Crane Co Interest Expense Historical Data

The historical data trend for Crane Co'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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Crane Co Interest Expense Chart

Crane Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-46.80

-55.30

-4.90

-10.10

-22.70

Crane Co 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															-17.00	-5.30	-4.80	-6.00	-7.20

Crane Co 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 $-23 Mil.

Crane Co (NYSE:CR) 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.

Crane Co's Interest Expense for the three months ended in Mar. 2024 was $-7 Mil. Its Operating Income for the three months ended in Mar. 2024 was $89 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $247 Mil.

Crane Co'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	*	89.4	/	-7.2
	=	12.42

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

Crane Co (Crane Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Crane Co (NYSE:CR) » Definitions » Interest Expense

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Traded in Other Exchanges

CZN:Germany

Address

100 First Stamford Place, Stamford, CT, USA, 06902

Website

https://www.craneco.com

Crane is a diversified industrial firm that manufactures a broad range of products, including valves, pumps, aerospace components, and fiberglass-reinforced plastic panels. Its business is organized into three segments: aerospace and electronics, process flow technologies, and engineered materials. Crane generated approximately $2 billion in revenue in 2022.

Executives

Max H Mitchell	officer: President & CEO	CRANE CO, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Richard A Maue	director, officer: Exec. V.P., CFO & PAO	C/O PAXAR CORPORATION, 105 CORPORATE PARK DRIVE, WHITE PLAINS NY 10604
Marijane V. Papanikolaou	officer: V.P, Controller & CAO	100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Jennifer Kartono	officer: SVP, CHRO	950 WINTER STREET 4TH FLOOR, WALTHAM MA 02451
Fund Crane	10 percent owner	C/O CRANE CO, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Paul Gerard Igoe	officer: SVP, General Counsel & Sec.	LYDALL, INC., ONE COLONIAL ROAD, MANCHESTER CT 06042
Sanjay Kapoor	director	C/O SPIRIT AEROSYSTEMS HOLDINGS, INC., 3801 SOUTH OLIVER STREET, WICHITA KS 67210
William K Grogan	director	3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Bianca B. Shardelow	officer: VP, Controller & CAO	100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Cristen L Kogl	director	3 OVERLOOK POINT, LINCOLNSHIRE IL 60069
Tamara S. Polmanteer	officer: Exec. Vice President & CHRO	100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Ronald Carter Lindsay	director	100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Tullis James L L	director	100 FIRST STAMFORD PLACE, STAMFORD CT 06907
Charles G Mcclure	director	55 CABOT PL, BLOOMFIELD HILLS MI 48304
Alejandro Alcala	officer: Executive Vice President	100 FIRST STAMFORD PLACE, STAMFORD CT 06902