Kaman (KAMN) Interest Expense : $-40.0 Mil (TTM As of Dec. 2023)

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What is Kaman Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kaman's interest expense for the three months ended in Dec. 2023 was $ -10.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-40.0 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. Kaman's Operating Income for the three months ended in Dec. 2023 was $ 12.4 Mil. Kaman's Interest Expense for the three months ended in Dec. 2023 was $ -10.6 Mil. Kaman's Interest Coverage for the quarter that ended in Dec. 2023 was 1.16. 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.

Kaman Interest Expense Historical Data

The historical data trend for Kaman'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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Kaman Interest Expense Chart

Kaman Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-17.20

-19.27

-16.29

-16.87

-40.00

Kaman Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-8.79	-9.60	-10.34	-9.41	-10.65

Kaman 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-40.0 Mil.

Kaman (NYSE:KAMN) 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.

Kaman's Interest Expense for the three months ended in Dec. 2023 was $-10.6 Mil. Its Operating Income for the three months ended in Dec. 2023 was $12.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $363.5 Mil.

Kaman's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	12.373	/	-10.648
	=	1.16

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

Kaman (KAMN) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

KA1:Germany

Address

1332 Blue Hills Avenue, Bloomfield, CT, USA, 06002

Website

https://www.kaman.com

Kaman Corp is a diversified company that conducts business in the aerospace and defense, medical and industrial markets. The Engineered Products segment serves the aerospace and defense, industrial and medical markets providing sophisticated proprietary aircraft bearings and components. The Precision Products segment serves the aerospace and defense markets providing precision safe and arming solutions for missile and bomb systems for the U.S. and allied militaries. The Structures segment serves the aerospace and defense and medical end markets providing sophisticated complex metallic and composite aerostructures for commercial, military, and general aviation fixed military and general aviation fixed and rotary wing aircraft, and medical imaging solutions.

Executives

Matthew King Petterson	officer: VP CAO & CONTROLLER	C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002
Wilfredo Roy Dilig	officer: VP INFORMATION TECHNOLOGY	C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002
Smith Richard Stanley Jr	officer: SVP GEN COUNSEL & SECRETARY	C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002
Carroll Kent Lane	officer: SVP and President KAV and KPP	C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002
Callaway E Reeves Iii	director	C/O KAMAN CORP, PO BOX 1, BLOOMFIELD CT 06002-0001
Niharika Ramdev	director	C/O XL HYBRIDS, INC., 145 NEWTON STREET, BOSTON MA 02135
Darlene Ruth Smith	officer: President KAV and KPP	C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002
Rafael Zev Cohen	officer: VP IT & Cybersecurity	C/O KAMAN CORPORATION, BLOOMFIELD CT 06002
Megan Amanda Morgan	officer: VP-HR & CHRO	C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002
Kristen Mcdonald Samson	officer: VP and CMCO	C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002
Russell James Bartlett	other: Sr. VP & Chief Operating Offcr	C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002
Aisha Barry	director	111 4TH AVE N UNIT 304, MINNEAPOLIS MN 55401
Michelle Lohmeier	director	C/O SPIRIT AEROSYSTEMS HOLDINGS, INC., WICHITA KS 67210
Ian K. Walsh	director, officer: President & CEO	111 E. KILBOURNE AVE, MILWAULKEE WI 53202
Thomas W Rabaut	director	C/O CYTEC INDUSTRIES INC, 5 GARRET MOUNTAIN PLAZA, WEST PATERSON NJ 07424