Lindsay (Lindsay) Interest Expense : $-3.5 Mil (TTM As of Feb. 2024)

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What is Lindsay Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lindsay's interest expense for the three months ended in Feb. 2024 was $ -0.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was $-3.5 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. Lindsay's Operating Income for the three months ended in Feb. 2024 was $ 22.1 Mil. Lindsay's Interest Expense for the three months ended in Feb. 2024 was $ -0.8 Mil. Lindsay's Interest Coverage for the quarter that ended in Feb. 2024 was 26.62. 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.

Lindsay Interest Expense Historical Data

The historical data trend for Lindsay'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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Lindsay Interest Expense Chart

Lindsay Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Interest Expense

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-4.77

-4.76

-4.75

-4.27

-3.79

Lindsay Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial															-1.04	-0.95	-0.89	-0.88	-0.83

Lindsay 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.5 Mil.

Lindsay (NYSE:LNN) 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.

Lindsay's Interest Expense for the three months ended in Feb. 2024 was $-0.8 Mil. Its Operating Income for the three months ended in Feb. 2024 was $22.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was $132.0 Mil.

Lindsay's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2024 )	/	Interest Expense (Q: Feb. 2024 )
	=	-1	*	22.098	/	-0.83
	=	26.62

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

Lindsay (Lindsay) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Lindsay Corp (NYSE:LNN) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

LMF:Germany LMF:Germany

Address

18135 Burke Street, Suite 100, Omaha, NE, USA, 68022

Website

https://www.lindsay.com

Lindsay Corp provides various proprietary water management and road infrastructure products and services. It has operations categorized into two main reporting segments: Irrigation, and Infrastructure. The company generates maximum revenue from the Irrigation segment. Its Irrigation segment includes manufacturing and marketing center pivot, lateral move, and hose reel irrigation systems, as well as various technology solutions such as GPS positioning and guidance, variable rate irrigation, wireless irrigation management, M2M communication technology, and smartphone applications. Geographically, it derives a majority of its revenue from the United States.

Executives

Si Pablo Di	director	18135 BURKE ST., SUITE 100, OMAHA NE 68022
James Scott Marion	officer: President - Infrastructure Div	2222 NORTH 111TH ST, OMAHA NE 68164
Michael Nahl	director	2707 N 108TH STREET 102, C/O LINDSAY INTERNATIONAL, OMAHA NE 68164
Ibrahim Gokcen	director	18135 BURKE ST., SUITE 100, OMAHA NE 68022
Michael Christodolou	director	2707 N 108TH STREET 102, C/O LINDSAY INTERNATIONAL, OMAHA NE 68164
Gustavo E Oberto	officer: President - Irrigation	18135 BURKE ST., SUITE 100, OMAHA NE 68022
Michael D Walter	director	ONE CONAGRA DRIVE, OMAHA NE 68102
Randy A Wood	officer: Pres - Agricultural Irrigation	2222 N 111TH STREET, OMAHA NE 68164
Mary A Lindsey	director	6565 N. MACARTHUR BLVD., SUITE 800, IRVING TX 75039
Bill Welsh	director	2707 N 108TH STREET 102, C/O LINDSAY INTERNATIONAL, OMAHA NE 68164
Madere Consuelo E.	director	800 N. LINDBERGH BLVD., ST. LOUIS MO 63167
David B Downing	officer: Vice President & CFO	2707 N. 108TH ST., SUITE 102, OMAHA NE 68164
Timothy L Hassinger	director, officer: President and CEO	2222 NORTH 111TH ST, OMAHA NE 68164
Rick Parod	officer: President & CEO	2707 N 108TH STREET STE102, OMAHA NE 68164
Brian L Ketcham	officer: Vice President and CFO	2222 N 111TH STREET, OMAHA NE 68164