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Griffin Industrial Realty Inc (NAS:GRIF)
Interest Expense
\$-3.98 Mil (TTM As of May. 2016)

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Griffin Industrial Realty Inc's interest expense for the three months ended in May. 2016 was \$-1.06 Mil. Its interest expense for the trailing twelve months (TTM) ended in May. 2016 was \$-3.98 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 Industrial Realty Inc's Operating Income for the three months ended in May. 2016 was \$0.27 Mil. Griffin Industrial Realty Inc's Interest Expense for the three months ended in May. 2016 was \$-1.06 Mil. Griffin Industrial Realty Inc's interest coverage for the quarter that ended in May. 2016 was 0.25. 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.

Definition

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

Griffin Industrial Realty Inc Interest Expense for the trailing twelve months (TTM) ended in May. 2016 was -0.801 (Aug. 2015 ) + -1.025 (Nov. 2015 ) + -1.091 (Feb. 2016 ) + -1.062 (May. 2016 ) = \$-3.98 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.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Griffin Industrial Realty Inc's interest expense for the three months ended in May. 2016 was \$-1.06 Mil. Its operating income for the three months ended in May. 2016 was \$0.27 Mil. And its Long-Term Debt for the three months ended in May. 2016 was \$100.54 Mil.

Griffin Industrial Realty Inc's Interest Coverage for the quarter that ended in May. 2016 is calculated as

 Interest Coverage = -1 * Operating Income (Q: May. 2016 ) / Interest Expense (Q: May. 2016 ) = -1 * 0.27 / -1.062 = 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 Industrial Realty Inc Annual Data

 Nov06 Nov07 Nov08 Nov09 Nov10 Nov11 Nov12 Nov13 Nov14 Nov15 Interest Expense -2.88 -3.15 -3.26 -3.52 -4.46 -4.17 -3.53 -3.85 -3.53 -3.67

Griffin Industrial Realty Inc Quarterly Data

 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Interest Expense -0.90 -0.77 -0.99 -0.86 -0.93 -0.92 -0.80 -1.03 -1.09 -1.06
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