IDEX (IEX) Interest Expense : $-48 Mil (TTM As of Mar. 2024)

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What is IDEX Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. IDEX's interest expense for the three months ended in Mar. 2024 was $ -9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-48 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. IDEX's Operating Income for the three months ended in Mar. 2024 was $ 162 Mil. IDEX's Interest Expense for the three months ended in Mar. 2024 was $ -9 Mil. IDEX's Interest Coverage for the quarter that ended in Mar. 2024 was 17.27. 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.

IDEX Interest Expense Historical Data

The historical data trend for IDEX'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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IDEX Interest Expense Chart

IDEX Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-44.30

-44.80

-41.00

-40.70

-51.70

IDEX Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-13.10	-13.30	-13.70	-11.60	-9.40

IDEX 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-48 Mil.

IDEX (NYSE:IEX) 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.

IDEX's Interest Expense for the three months ended in Mar. 2024 was $-9 Mil. Its Operating Income for the three months ended in Mar. 2024 was $162 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1,323 Mil.

IDEX's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	162.3	/	-9.4
	=	17.27

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

IDEX (IEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » IDEX Corp (NYSE:IEX) » Definitions » Interest Expense

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Traded in Other Exchanges

IEX:Mexico ID7:Germany ID7:Germany

Address

3100 Sanders Road, Suite 301, Northbrook, IL, USA, 60062

Website

https://www.idexcorp.com

Idex manufactures pumps, flow meters, valves, and fluidic systems for customers in a variety of end markets, including industrial, fire and safety, life science, and water. The firm's business is organized into three segments: fluid and metering technologies, health and science technologies, and fire and safety and diversified products. Based in Lake Forest, Illinois, Idex has manufacturing operations in over 20 countries and has over 7,000 employees. The company generated $3.2 billion in revenue and $763 million in adjusted operating income in 2022.

Executives

Alejandro Quiroz	director	3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Roopa Unnikrishnan	officer: SVP, Strategy&Corp Development	3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Marc Uleman	officer: Senior VP, Group Executive HST	3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
William K Grogan	officer: SVP - Chief Financial Officer	3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Melissa Aquino	officer: Former SVP, Group Exec FMT&FSD	3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Livingston Satterthwaite	director	1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
Eric D Ashleman	officer: SVP - Chief Operating Officer	3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Stanfield Paris Watts	director	3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Carl R Christenson	director	C/O ALTRA INDUSTRIAL MOTION INC., 300 GRANITE STREET, BRAINTREE MA 02184
Katrina L Helmkamp	director	1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
William M Cook	director	1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
Mark A Buthman	director	P O BOX 619100, DALLAS TX 752619100
Lakecia N Gunter	director	3100 SANDER ROAD, SUITE 301, NORTHBROOK IL 60062
Mark A Beck	director	2200 PENNSYLVANIA AVENUE, NW, SUITE 800W, WASHINGTON DC 20037
David C Parry	director	155 HARLEM AVE., GLENVIEW IL 60025