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Finisar Corp (NAS:FNSR)
Interest Expense
$-8 Mil (TTM As of Jul. 2014)

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Finisar Corp's interest expense for the three months ended in Jul. 2014 was $-3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jul. 2014 was $-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. Finisar Corp's Operating Income for the three months ended in Jul. 2014 was $20 Mil. Finisar Corp's Interest Expense for the three months ended in Jul. 2014 was $-3 Mil. Finisar Corp's interest coverage for the quarter that ended in Jul. 2014 was 6.50. 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 Corp Interest Expense for the trailing twelve months (TTM) ended in Jul. 2014 was -0.367 (Oct. 2013 ) + -1.663 (Jan. 2014 ) + -2.965 (Apr. 2014 ) + -3.133 (Jul. 2014 ) = $-8 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 Corp's interest expense for the three months ended in Jul. 2014 was $-3 Mil. Its operating income for the three months ended in Jul. 2014 was $20 Mil. And its Long-Term Debt for the three months ended in Jul. 2014 was $214 Mil.

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

Interest Coverage=-1*Operating Income (Q: Jul. 2014 )/Interest Expense (Q: Jul. 2014 )
=-1*20.367/-3.133
=6.50

* 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 Corp Annual Data

Apr05Apr06Apr07Apr08Apr09Apr10Apr11Apr12Apr13Apr14
Interest Expense -14-16-16-17-10-9-6-4-3-6

Finisar Corp Quarterly Data

Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14Jul14
Interest Expense -1-1-1-1-1-1-0-2-3-3
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