Mohawk Industries (Mohawk Industries) Interest Expense

: $-78 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mohawk Industries's interest expense for the three months ended in Dec. 2023 was $ -17 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-78 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. Mohawk Industries's Operating Income for the three months ended in Dec. 2023 was $ 169 Mil. Mohawk Industries's Interest Expense for the three months ended in Dec. 2023 was $ -17 Mil. Mohawk Industries's Interest Coverage for the quarter that ended in Dec. 2023 was 9.71. 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.

Mohawk Industries Interest Expense Historical Data

The historical data trend for Mohawk Industries'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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Mohawk Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-41.27

-52.38

-57.25

-51.94

-77.51

Mohawk Industries 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															-14.60	-17.14	-22.86	-20.14	-17.38

Mohawk Industries 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 $-78 Mil.

Mohawk Industries (NYSE:MHK) 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.

Mohawk Industries's Interest Expense for the three months ended in Dec. 2023 was $-17 Mil. Its Operating Income for the three months ended in Dec. 2023 was $169 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $2,039 Mil.

Mohawk Industries'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	*	168.734	/	-17.376
	=	9.71

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

Mohawk Industries (Mohawk Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Mohawk Industries Inc (NYSE:MHK) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

M1HK34:Brazil

Address

160 South Industrial Boulevard, Calhoun, GA, USA, 30701

Website

https://www.mohawkind.com

Mohawk Industries Inc manufactures a wide range of flooring products, including carpets, rugs, ceramic tile, laminate, wood, luxury vinyl tile, and vinyl flooring. Its operating segments include Global Ceramic, Flooring NA, and Flooring ROW. The company generates maximum revenue from the Global Ceramic segment. Geographically, it derives a majority of its revenue from the United States.

Executives

Suzanne L Helen	other: Possible Group Member	C/O MOHAWK INDUSTRIES INC, 2001 ANTIOCH ROAD, DALTON GA 30721
Rodney David Patton	officer: General Counsel - VP	5855 RIVERMOND DRIVE, ATLANTA GA 30328
Jeffrey S Lorberbaum	director, officer: President and CEO	MOHAWK INDUSTRIES INC, P O BOX 12069, CALHOUN GA 30703
Bernard Thiers	director	NESTOR DE TIERESTRAAT 128, EINE C9 9700
Harkins William Wayne Ii	officer: CAO and Corporate Controller	160 SOUTH INDUSTRIAL BLVD, CALHOUN GA 30701
Clifford Charles Suing	officer: CAO and Corporate Controller	160 SOUTH INDUSTRIAL BLVD, CALHOUN GA 30701
Chistopher Wellborn	director, officer: President-Dal-Tile	MOHAWK INDUSTRIES INC, P O BOX 12069, CALHOUN GA 30703
Jerry W Burris	director	5500 WAYZATA BLVD., SUITE 600, GOLDEN VALLEY MN 55416
James Brunk	director, officer: Corporate Controller and CAO	251 MISTY HILL TRAIL, DALLAS GA 30132
Steven Hyosig Lee	officer: CAO and Corporate Controller	160 SOUTH INDUSTRIAL BLVD, CALHOUN GA 30701
Frank H Boykin	director, officer: Vice President-Finance & CFO	2042 OLD FORGE WAY, MARIETTA GA 30068
De Cock Paul F	officer: President-Flooring NA	ALPHONSE RENARDSTRAAT 41, ELSENE C9 1050
Filip Balcaen	director	PAULINE VAN POTTELSBERGHELAAN 10, 9051 SINT-DENIJS-WESTREM, GENT C9 9051
John Engquist	director	H&E EQUIPMENT SERVICES, 11100 MEAD ROAD, SUITE 200, BATON ROUGE LA 70816
Bruce Bruckmann	director	C/O MOHAWK INDUSTRIES INC, P O BOX 12069, CALHOUN GA 30703