Methode Electronics (Methode Electronics) Interest Expense : $-14 Mil (TTM As of Jan. 2024)

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What is Methode Electronics Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Methode Electronics's interest expense for the three months ended in Jan. 2024 was $ -5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was $-14 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. Methode Electronics's Operating Income for the three months ended in Jan. 2024 was $ -3 Mil. Methode Electronics's Interest Expense for the three months ended in Jan. 2024 was $ -5 Mil. Methode Electronics 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.

Methode Electronics Interest Expense Historical Data

The historical data trend for Methode Electronics'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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Methode Electronics Interest Expense Chart

Methode Electronics Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Interest Expense

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-8.30

-10.10

-5.20

-3.50

-2.70

Methode Electronics Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Expense	Get a 7-Day Free Trial															-0.80	-1.40	-2.80	-4.40	-5.00

Methode Electronics 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-14 Mil.

Methode Electronics (NYSE:MEI) 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.

Methode Electronics's Interest Expense for the three months ended in Jan. 2024 was $-5 Mil. Its Operating Income for the three months ended in Jan. 2024 was $-3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was $351 Mil.

Methode Electronics's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Methode Electronics did not have earnings to cover the interest expense.

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

Methode Electronics (Methode Electronics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Methode Electronics Inc (NYSE:MEI) » Definitions » Interest Expense

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ME5A:Germany ME5A:Germany

Address

8750 West Bryn Mawr Avenue, Suite 1000, Chicago, IL, USA, 60631-3518

Website

https://www.methode.com

Methode Electronics Inc makes component and subsystem devices employing electrical, radio remote control, electronic, wireless, and sensing technologies. The firm is organized in various business segments: Automotive, Industrial, interface and Medical. The Automotive segment supplies electronic and electro-mechanical devices and related products to automobile. The Industrial segment manufactures external lighting solutions, industrial safety radio remote controls, braided flexible cables and custom power-product assemblies. The Interface segment provides a variety of copper and fiber-optic interface and interface solutions. The Medical segment is made up of the Company's medical device business, Dabir Surfaces, its surface support technology aimed at pressure injury prevention.

Executives

Donald W Duda	officer: President
Walter J Aspatore	director	255 E BROWN STREET, SUITE 120, BIRMINGHAM MI 48009
Lawrence B Skatoff	director	200 SOUTH MICHIGAN AVE, CHICAGO IL 60604
Brian J Cadwallader	director	5757 N GREEN BAY AVE, MILWAUKEE WI 53209
Darren Dawson	director	C/O METHODE ELECTRONICS, INC., 7401 WEST WILSON AVENUE, CHICAGO IL 60706
Joseph Elias Khoury	officer: Vice President	7401 W. WILSON AVENUE, HARWOOD HEIGHTS IL 60706
Kerry A. Vyverberg	officer: General Counsel	8750 W. BRYN MAWR AVE., SUITE 1000, CHICAGO IL 60631
Timothy Glandon	officer: VP&GM NA Automotive	7401 W. WILSON AVENUE, CHICAGO IL 60706
Janie Goddard	director	C/O ACON - 1133 CONNECTICUT AVENUE, NW, SUITE 700, WASHINGTON DC 20036
Tsoumas Ronald L.g.	officer: Controller & Treasurer	7401 W. WILSON AVE., CHICAGO IL 60706
Anil Shetty	officer: VP Methode & Pres. Dabir Surf.	7401 WEST WILSON AVENUE, CHICAGO IL 60706
Kevin Michael Martin	officer: Vice President, North America	8750 WEST BRYN MAWR AVENUE, SUITE 1000, CHICAGO IL 60631
Mary A Lindsey	director	6565 N. MACARTHUR BLVD., SUITE 800, IRVING TX 75039
Therese M Bobek	director	685 SKYE LN, INVERNESS IL 60010
David P Blom	director	200 OLD WILSON BRIDGE RD, COLUMBUS OH 43085