Fortune Brands Innovations (Fortune Brands Innovations) Interest Expense

: $-116 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. Fortune Brands Innovations's interest expense for the three months ended in Dec. 2023 was $ -29 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-116 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. Fortune Brands Innovations's Operating Income for the three months ended in Dec. 2023 was $ 173 Mil. Fortune Brands Innovations's Interest Expense for the three months ended in Dec. 2023 was $ -29 Mil. Fortune Brands Innovations's Interest Coverage for the quarter that ended in Dec. 2023 was 6.03. 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.

Fortune Brands Innovations Interest Expense Historical Data

The historical data trend for Fortune Brands Innovations'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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Fortune Brands Innovations Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-94.20

-83.80

-84.30

-119.20

-116.50

Fortune Brands Innovations Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-33.90	-26.80	-27.70	-33.30	-28.60

Fortune Brands Innovations 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 $-116 Mil.

Fortune Brands Innovations (NYSE:FBIN) 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.

Fortune Brands Innovations's Interest Expense for the three months ended in Dec. 2023 was $-29 Mil. Its Operating Income for the three months ended in Dec. 2023 was $173 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $2,813 Mil.

Fortune Brands Innovations'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	*	172.6	/	-28.6
	=	6.03

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

Fortune Brands Innovations (Fortune Brands Innovations) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Fortune Brands Innovations Inc (NYSE:FBIN) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

2FB:Germany 2FB:Germany

Address

520 Lake Cook Road, Suite 300, Deerfield, IL, USA, 60015-5611

Website

https://www.fbin.com

Fortune Brands Innovations is a leading home and security products company that operates two segments. The company's $2.6 billion plumbing segment, led by the Moen brand, sells faucets, showers, and other plumbing fixtures, and the $2.2 billion outdoors and security segment sells entry doors under the Therma-Tru brand name, Fiberon-branded patio decking, and locks and other security devices under the Master Lock and SentrySafe brand names.

Executives

Ann F Hackett	director
Amee Chande	director	520 LAKE COOK ROAD, SUITE 300, DEERFIELD IL 60015
Stephanie L. Pugliese	director	170 COUNTRYSIDE DRIVE, BELLEVILLE WI 53508
David V. Barry	officer: EVP & CFO	FORTUNE BRANDS INNOVATIONS, INC., 520 LAKE COOK ROAD, DEERFIELD IL 60015
Lee John Dong Gu	officer: EVP Chief Strategy & Growth	520 LAKE COOK ROAD, DEERFIELD IL 60015
Ron Wilson	officer: EVP, Chief Supply Chain	FORTUNE BRANDS HOME & SECURITY, INC., 520 LAKE COOK ROAD, DEERFIELD IL 60015
Hiranda S Donoghue	officer: EVP Chief Legal & Secretary	520 LAKE COOK ROAD, DEERFIELD IL 60015
Cheri M Phyfer	officer: EVP, Group President	520 LAKE COOK ROAD, DEERFIELD IL 60015
Sheri Grissom	officer: EVP, CHRO & Transformation	13000 WEST SILVER SPRING DRIVE, BUTLER WI 53007
Nicholas I. Fink	director, officer: Chief Executive Officer	510 LAKE COOK ROAD, DEERFIELD IL 60015
Patrick D Hallinan	officer: EVP & CFO	FORTUNE BRANDS HOME & SECURITY, INC., 520 LAKE COOK ROAD, DEERFIELD IL 60015
Mackay A D David	director
Martin Thomas	officer: SVP Ops &Supply Chain Strategy	FORTUNE BRANDS HOME & SECURITY, INC., SUITE 300, DEERFIELD IL 60015
May Russell	officer: SVP & CDO	520 LAKE COOK ROAD, DEERFIELD IL 60015
Danny Luburic	officer: Vice President & Controller	FORTUNE BRANDS HOME & SECURITY, INC., 520 LAKE COOK ROAD, DEERFIELD IL 60015