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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.
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.
Flexsteel Industries Annual Data | |||||||||||||||||||||
Trend | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | |||||||||||
Interest Expense | Get a 7-Day Free Trial | - | -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 | Get a 7-Day Free Trial | -0.32 | -0.26 | -0.44 | -0.57 | -0.49 |
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.
* 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.
Flexsteel Industries (NAS:FLXS) Interest Expense Explanation
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. The higher, the better.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 |
* 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.
The higher the ratio, the stronger the company's financial strength is.
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 |
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