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Finisar Corporation (NAS:FNSR)
Interest Expense
$-3.1 Mil (TTM As of Jan. 2014)

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Finisar Corporation's interest expense for the three months ended in Jan. 2014 was $-1.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2014 was $-3.1 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. Finisar Corporation's Operating Income for the three months ended in Jan. 2014 was $33.1 Mil. Finisar Corporation's Interest Expense for the three months ended in Jan. 2014 was $-1.7 Mil. Finisar Corporation's interest coverage for the quarter that ended in Jan. 2014 was 19.90. The higher the ratio, the stronger the company’s financial strength is.


Definition

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Finisar Corporation Interest Expense for the trailing twelve months (TTM) ended in Jan. 2014 was -0.544 (Apr. 2013 ) + -0.552 (Jul. 2013 ) + -0.367 (Oct. 2013 ) + -1.663 (Jan. 2014 ) = $-3.1 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


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.

Finisar Corporation's interest expense for the three months ended in Jan. 2014 was $-1.7 Mil. Its operating income for the three months ended in Jan. 2014 was $33.1 Mil. And its Long-Term Debt for the three months ended in Jan. 2014 was $210.0 Mil.

Finisar Corporation's Interest Coverage for the quarter that ended in Jan. 2014 is calculated as

Interest Coverage=-1*Operating Income (Q: Jan. 2014 )/Interest Expense (Q: Jan. 2014 )
=-1*33.096/-1.663
=19.90

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

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


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Finisar Corporation Annual Data

Apr04Apr05Apr06Apr07Apr08Apr09Apr10Apr11Apr12Apr13
Interest Expense -28.9-14.5-15.8-16.0-17.2-14.6-9.0-6.4-3.7-2.6

Finisar Corporation Quarterly Data

Oct11Jan12Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14
Interest Expense -1.1-0.9-0.8-0.6-0.8-0.6-0.5-0.6-0.4-1.7
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