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Griffin Land & Nurseries Inc (NAS:GRIF)
Interest Expense
$-3.58 Mil (TTM As of May. 2014)

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Griffin Land & Nurseries Inc's interest expense for the three months ended in May. 2014 was $-0.77 Mil. Its interest expense for the trailing twelve months (TTM) ended in May. 2014 was $-3.58 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. Griffin Land & Nurseries Inc's Operating Income for the three months ended in May. 2014 was $0.19 Mil. Griffin Land & Nurseries Inc's Interest Expense for the three months ended in May. 2014 was $-0.77 Mil. Griffin Land & Nurseries Inc's interest coverage for the quarter that ended in May. 2014 was 0.25. 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.

Griffin Land & Nurseries Inc Interest Expense for the trailing twelve months (TTM) ended in May. 2014 was -0.938 (Aug. 2013 ) + -0.967 (Nov. 2013 ) + -0.904 (Feb. 2014 ) + -0.774 (May. 2014 ) = $-3.58 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.

Griffin Land & Nurseries Inc's interest expense for the three months ended in May. 2014 was $-0.77 Mil. Its operating income for the three months ended in May. 2014 was $0.19 Mil. And its Long-Term Debt for the three months ended in May. 2014 was $65.64 Mil.

Griffin Land & Nurseries Inc's Interest Coverage for the quarter that ended in May. 2014 is calculated as

Interest Coverage=-1*Operating Income (Q: May. 2014 )/Interest Expense (Q: May. 2014 )
=-1*0.19/-0.774
=0.25

* 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.

Griffin Land & Nurseries Inc Annual Data

Nov04Nov05Nov06Nov07Nov08Nov09Nov10Nov11Nov12Nov13
Interest Expense -2.49-2.39-2.88-3.15-3.26-3.52-4.46-4.17-3.53-3.85

Griffin Land & Nurseries Inc Quarterly Data

Feb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14
Interest Expense -0.88-0.83-0.82-1.01-0.98-0.97-0.94-0.97-0.90-0.77
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