Heico (HEI) Interest Expense : $-106 Mil (TTM As of Jan. 2024)

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What is Heico Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Heico's interest expense for the three months ended in Jan. 2024 was $ -39 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was $-106 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. Heico's Operating Income for the three months ended in Jan. 2024 was $ 180 Mil. Heico's Interest Expense for the three months ended in Jan. 2024 was $ -39 Mil. Heico's Interest Coverage for the quarter that ended in Jan. 2024 was 4.67. 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.

Heico Interest Expense Historical Data

The historical data trend for Heico'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.

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Heico Interest Expense Chart

Heico Annual Data

Trend

Oct14

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Oct23

Interest Expense

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-21.70

-13.16

-7.29

-6.39

-72.98

Heico Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Expense	Get a 7-Day Free Trial															-6.07	-11.37	-12.12	-43.42	-38.61

Heico Interest Expense Calculation

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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-106 Mil.

Heico (NYSE:HEI) Interest Expense Explanation

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

Heico's Interest Expense for the three months ended in Jan. 2024 was $-39 Mil. Its Operating Income for the three months ended in Jan. 2024 was $180 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was $2,496 Mil.

Heico's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jan. 2024 )	/	Interest Expense (Q: Jan. 2024 )
	=	-1	*	180.21	/	-38.607
	=	4.67

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

Heico (HEI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Heico Corp (NYSE:HEI) » Definitions » Interest Expense

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Traded in Other Exchanges

HEI.A:USA HC1A:Germany HC1:Germany HC1:Germany

Address

3000 Taft Street, Hollywood, FL, USA, 33021

Website

https://www.heico.com

Heico is an aerospace and defense supplier that focuses on creating niche replacement parts for commercial aircraft and components for defense products. In commercial aerospace, Heico is the largest independent producer of replacement aircraft parts, primarily for engines. In the defense market, the company produces niche subcomponents used in targeting technology as well as simulation equipment, among other things. It operates as two segments: the flight support group,or FSG, and the electronic technologies group, or ETG, both of which supply the aerospace and defense sectors to different degrees. The company is highly acquisitive, focusing on companies in similar or adjacent markets that are generating strong cash flow with the potential for growth.

Executives

Carol F. Fine	director	3000 TAFT STREET, HOLLYWOOD FL 33021
Laurans A Mendelson	director, 10 percent owner, officer: COB and CEO
Wolfgang Mayrhuber	director	C/O HEICO, 3000 TAFT STREET, HOLLYWOOD FL 33021
Adolfo Henriques	director	C/O UNION PLANTERS CORP, 6200 POPLAR AVE, MEMPHIS TN 38119
Julie Neitzel	director	3000 TAFT STREET, HOLLYWOOD FL 33021
Mark H Hildebrandt	director	3000 TAFT STREET, HOLLYWOOD FL 33021
Frank J Schwitter	director	45 SUTTON PLACE SOUTH APT. 12G, NEW YORK X1 10022
Eric A Mendelson	director, officer: Co-President
Victor H Mendelson	director, officer: Executive Vice President
Thomas M Culligan	director	3000 TAFT STREET, HOLLYWOOD FL 33021
Alan Schriesheim	director	3000 TAFT STREET, HOLLYWOOD FL 33021
Thomas S Irwin	officer: Executive Vice President, CFO	3000 TAFT STREET, HOLLYWOOD FL 33021
Steven M Walker	officer: Chief Accounting Officer	3000 TAFT STREET, HOLLYWOOD FL 33021
Samuel L Higginbottom	director
Carlos L Macau	officer: EVP-CFO & Treasurer	3000 TAFT STREET, HOLLYWOOD FL 33021