What is LMI Aerospace Interest Expense?
Interest Expense is the amount reported by a company or individual as an expense for borrowed money. LMI Aerospace's interest expense for the
three
months ended in Mar. 2017 was $ -5.2 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Mar. 2017 was $-21.1 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. LMI Aerospace's Operating Income for the
three
months ended in Mar. 2017 was $ -0.9 Mil. LMI Aerospace's Interest Expense for the
three
months ended in Mar. 2017 was $ -5.2 Mil.
LMI Aerospace did not have earnings to cover the interest expense.
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.
LMI Aerospace 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. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was $-21.1 Mil.
* 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.
LMI Aerospace (NAS:LMIA) Interest Expense 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.
LMI Aerospace's Interest Expense for the
three
months ended in Mar. 2017 was $-5.2 Mil. Its
Operating Income
for the
three
months ended in Mar. 2017 was $-0.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Mar. 2017 was $260.5 Mil.
LMI Aerospace's Interest Coverage for the quarter that ended in Mar. 2017 is calculated as
| LMI Aerospace did not have earnings to cover the interest expense. |
* 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.
The higher the ratio, the stronger the company's financial strength is.
LMI Aerospace (LMI Aerospace) Business Description
Traded in Other Exchanges
N/A
Address
LMI Aerospace Inc was founded in 1948. The Company is a supplier of structural assemblies, kits and components, and design engineering services to the aerospace and defense markets. The Company provides a array of manufacturing capabilities, as well as engineering and value-added services to the large commercial, corporate and regional, and military aircraft markets. It also provide prototyping, testing and design capabilities to customers in support of new product development and in-service aircraft. LMI Aerospace is a preferred supplier to aircraft original equipment manufacturers (OEMs) and Tier 1 aerospace suppliers. In addition to aerospace products, the Company produces components and assemblies for laser equipment used by semiconductor equipment manufacturers, electronic and electrical wire harnesses, cable assemblies, and mechanical sub-assemblies for the air and rail traffic control, medical equipment, telecommunications, and heavy equipment industries. The Company operates in two business segments consisting of: Aerostructures segment and Engineering Services segment. Its Aerostructures segment fabricates, machines, finishes, integrates, assembles and kits machined and formed close tolerance aluminum, specialty alloy and composite components and higher level assemblies for use by the aerospace and defense industries. The Company also offers its customers value-added services related to the design, production, assembly and distribution of aerospace components and deliver kits of products directly to customer points of use. Its Engineering Services segment provides a complete range of design, engineering and program management services, supporting aircraft product lifecycles from conceptual design, analysis and certification through production support, fleet support, and service life extensions via a complete turnkey engineering solution to OEMs and Tier 1 aerospace suppliers. Its competitors in the aerospace industry consist of a large, fragmented group of companies, including certain business units or affiliates of its customers. The Companys operations are subject to extensive and frequently changing federal, state and local laws and substantial regulation by government agencies.
Executives
| Gregory L Summe |
director |
C/O GLEN CAPITAL PARTNERS LLC, 800 SOUTH STREET, SUITE 160, WALTHAM MA 02453 |
| John S Eulich |
director |
411 FOUNTAIN LAKES BLVD., ST. CHARLES MO 63301 |
| Gerald E Daniels |
director |
|
| Daniel G. Korte |
director, officer: CEO & PRESIDENT |
C/O LMI AEROSPACE, INC., 411 FOUNTAIN LAKE BLVD., ST. CHARLES MO 63301 |
| Lawrence J Resnick |
director |
|
| John M Roeder |
director |
411 FOUNTAIN LAKES BLVD. ST. CHARLES MO 63301 |
| Glen Capital Partners Focus Fund, L.p. |
10 percent owner |
75 ARLINGTON STREET, SUITE 500, BOSTON MA 02116 |
| Glen Capital Partners Llc |
10 percent owner |
800 SOUTH STREET, SUITE 160, WALTHAM MA 02453 |
| Glen Capital Partners Gp Llc |
10 percent owner |
800 SOUTH STREET, SUITE 160, WALTHAM MA 02453 |
| Miller Paul L Jr |
director |
|
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