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Matthews International Corporation (NAS:MATW)
Interest Expense
$-12.6 Mil (TTM As of Dec. 2013)

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Matthews International Corporation's interest expense for the three months ended in Dec. 2013 was $-2.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2013 was $-12.6 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. Matthews International Corporation's Operating Income for the three months ended in Dec. 2013 was $15.0 Mil. Matthews International Corporation's Interest Expense for the three months ended in Dec. 2013 was $-2.9 Mil. Matthews International Corporation's interest coverage for the quarter that ended in Dec. 2013 was 5.17. The higher the ratio, the stronger the company’s financial strength is.


Definition

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Matthews International Corporation Interest Expense for the trailing twelve months (TTM) ended in Dec. 2013 was -3.051 (Mar. 2013 ) + -3.486 (Jun. 2013 ) + -3.141 (Sep. 2013 ) + -2.901 (Dec. 2013 ) = $-12.6 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


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.

Matthews International Corporation's interest expense for the three months ended in Dec. 2013 was $-2.9 Mil. Its operating income for the three months ended in Dec. 2013 was $15.0 Mil. And its Long-Term Debt for the three months ended in Dec. 2013 was $352.2 Mil.

Matthews International Corporation's Interest Coverage for the quarter that ended in Dec. 2013 is calculated as

Interest Coverage=-1*Operating Income (Q: Dec. 2013 )/Interest Expense (Q: Dec. 2013 )
=-1*14.996/-2.901
=5.17

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

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


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Matthews International Corporation Annual Data

Sep04Sep05Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13
Interest Expense -2.0-3.0-7.0-8.1-10.4-12.1-7.4-8.2-11.5-12.9

Matthews International Corporation Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
Interest Expense -2.2-2.6-2.7-2.9-3.3-3.2-3.1-3.5-3.1-2.9
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