Flexsteel Industries (Flexsteel Industries) Interest Expense

: $-1.8 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. Flexsteel Industries's interest expense for the three months ended in Dec. 2023 was $ -0.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-1.8 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. Flexsteel Industries's Operating Income for the three months ended in Dec. 2023 was $ 4.6 Mil. Flexsteel Industries's Interest Expense for the three months ended in Dec. 2023 was $ -0.5 Mil. Flexsteel Industries's Interest Coverage for the quarter that ended in Dec. 2023 was 9.37. 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.

Flexsteel Industries Interest Expense Historical Data

The historical data trend for Flexsteel Industries'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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Flexsteel Industries Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

-0.08

-0.01

-0.84

-1.34

Flexsteel Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-0.32	-0.26	-0.44	-0.57	-0.49

Flexsteel Industries 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 $-1.8 Mil.

Flexsteel Industries (NAS:FLXS) 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.

Flexsteel Industries's Interest Expense for the three months ended in Dec. 2023 was $-0.5 Mil. Its Operating Income for the three months ended in Dec. 2023 was $4.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $79.7 Mil.

Flexsteel Industries'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	*	4.584	/	-0.489
	=	9.37

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

Flexsteel Industries (Flexsteel Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Flexsteel Industries Inc (NAS:FLXS) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

385 Bell Street, Dubuque, IA, USA, 52001-0877

Website

https://www.flexsteel.com

Flexsteel Industries Inc is a United States-based company that manufactures, imports, and markets residential upholstered wooden furniture products. The products offering include sofas, loveseats, chairs, rockers, desks, tables, convertible bedding units, and bedroom furniture. The company's products are intended for use in home, office, hotel, healthcare, and other contract applications. A featured component in the company's upholstered furniture is the durable Blue Steel Spring. It operates in the business segment of Furniture products. The company's furniture products business involves the distribution of manufactured and imported products for residential and contract markets, of which key revenue is derived from the residential market.

Executives

Timothy Patrick Newlin	officer: VP - Home Furnishings	P.O. BOX 877, DUBUQUE IA 52004-0877
Derek P Schmidt	officer: CFO & COO	385 BELL STREET, DUBUQUE IA 52001
Jeanne Mcgovern	director	10003 WOODLOCH FOREST DRIVE, THE WOODLANDS TX 77380
Gilbert Alejandro Huerta	officer: CFO	P.O. BOX 877, DUBUQUE IA 52004
Thomas M Levine	director	P. O. BOX 877, DUBUQUE IA 52004
Kathryn P Dickson	director	1245 CEDAR LAKE ROAD S., MINNEAPOLIS MN 55416
Michael Scott Culbreth	director	3102 SHAWNEE DRIVE, WINCHESTER VA 22601
William S. Creekmuir	director	SIX CONCOURSE PARKWAY, SUITE 3300-A, ATLANTA GA 30328
Matthew Kaness	director	P.O. BOX 877, DUBUQUE IA 52004
Michael Joseph Mcclaflin	officer: Chief Information Officer	P.O. BOX 877, DUBUQUE IA 52004-0877
Jerald K Dittmer	officer: President & CEO	P.O. BOX 877, DUBUQUE IA 52004
Mary C Bottie	director	P. O. BOX 877, DUBUQUE IA 52004
Terrence Heath Willis	officer: VP - Direct Commerce	P.O. BOX 877, DUBUQUE IA 52004-0877
Hayden Carl Anthony Jr.	officer: VP - Manufacturing	P.O. BOX 877, DUBUQUE IA 52004-0877
Marcus D Hamilton	officer: Chief Financial Officer	P. O. BOX 877, DUBUQUE IA 52004