Carriage Services (Carriage Services) Interest Expense

: $-36.3 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. Carriage Services's interest expense for the three months ended in Dec. 2023 was $ -9.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-36.3 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. Carriage Services's Operating Income for the three months ended in Dec. 2023 was $ 24.2 Mil. Carriage Services's Interest Expense for the three months ended in Dec. 2023 was $ -9.1 Mil. Carriage Services's Interest Coverage for the quarter that ended in Dec. 2023 was 2.67. 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.

Carriage Services Interest Expense Historical Data

The historical data trend for Carriage Services'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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Carriage Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-25.76

-32.73

-25.47

-25.90

-36.27

Carriage Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-7.69	-8.54	-9.40	-9.28	-9.05

Carriage Services 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 $-36.3 Mil.

Carriage Services (NYSE:CSV) 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.

Carriage Services's Interest Expense for the three months ended in Dec. 2023 was $-9.1 Mil. Its Operating Income for the three months ended in Dec. 2023 was $24.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $600.8 Mil.

Carriage Services'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	*	24.183	/	-9.053
	=	2.67

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Carriage Services Inc interest coverage is 2.27, which is low.

Carriage Services (Carriage Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Carriage Services Inc (NYSE:CSV) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

C57:Germany

Address

3040 Post Oak Boulevard, Suite 300, Houston, TX, USA, 77056

Website

https://www.carriageservices.com

Carriage Services Inc is a leading provider of funeral and cemetery services and merchandise in the United States. It operates in two business segments: The Funeral Home Operations segment offers burial, cremation, and consultation services; removes and prepares remains; sells caskets, urns, and related funeral merchandise; and enables the use of funeral home facilities for visitation, remembrance, and transportation services. The Cemetery Operations segment provides services, such as mausoleum crypts, private estates, lawn crypt gardens, traditional single burial gravesites, and burial vaults. The majority of revenue is derived from The Funeral Home Operations segment.

Executives

Julie Sanders	director	3040 POST OAK BLVD., CARRIAGE SERVICES, SUITE 300, HOUSTON TX 77056
Somer Webb	director	C/O SOLO BRANDS, INC., 1001 MUSTANG DRIVE, GRAPEVILLE TX 76051
Charles Fargason	director	11510 QUAIL HOLLOW LANE, HOUSTON TX 77024
Melvin C Payne	director, officer: CEO	3040 POST OAK BLVD, SUITE 300, HOUSTON TX 77056
Paul Donald Elliott	other: Regional Partner	5219 LAURELWOOD, KINGWOOD TX 77345
Shane Pudenz	officer: VP of Sales and Marketing	3040 POST OAK BLVD., CARRIAGE SERVICES, SUITE 200, HOUSTON TX 77056
Lance Kian Granmayeh	officer: EVP, CFO and Treasurer	1201 LOUISIANA STREET, SUITE 3100, HOUSTON TX 77002
Patteson Donald Douglas Jr	director	1111 BAGBY, SUITE 1600, HOUSTON TX 77002
Adeola Olaniyan	other: Principal Accounting Officer	3040 POST OAK BLVD., SUITE 300, HOUSTON TX 77056
Steven D Metzger	other: Senior VP and General Counsel	6332 SCHILLER STREET, HOUSTON TX 77055
Carlos R. Quezada	officer: VP of Cemetery Sales/Marketing	3040 POST OAK BLVD., SUITE 300, HOUSTON TX 77056
Carl Benjamin Brink	officer: Principal Financial Officer	28634 PLEASANT FOREST DRIVE, KATY TX 77056
Robbie Pape	other: Sr. VP & Regional Partner	3040 POST OAK BLVD, SUITE 300, HOUSTON TX 77056
Peggy Schappaugh	officer: VP of Operations & Acquistions	3040 POST OAK BLVD., SUITE 300, HOUSTON TX 77056
Shawn R Phillips	other: Regional Partner	3040 POST OAK BLVD, SUITE 300, HOUSTON TX 77056