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MWI Veterinary Supply Inc (NAS:MWIV)
Interest Expense
\$-1 Mil (TTM As of Sep. 2014)

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MWI Veterinary Supply Inc's interest expense for the three months ended in Sep. 2014 was \$-0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2014 was \$-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. MWI Veterinary Supply Inc's Operating Income for the three months ended in Sep. 2014 was \$29 Mil. MWI Veterinary Supply Inc's Interest Expense for the three months ended in Sep. 2014 was \$-0 Mil. MWI Veterinary Supply Inc's interest coverage for the quarter that ended in Sep. 2014 was 125.19. 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.

Definition

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

MWI Veterinary Supply Inc Interest Expense for the trailing twelve months (TTM) ended in Sep. 2014 was -0.239 (Dec. 2013 ) + -0.356 (Mar. 2014 ) + -0.361 (Jun. 2014 ) + -0.23 (Sep. 2014 ) = \$-1 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.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

MWI Veterinary Supply Inc's interest expense for the three months ended in Sep. 2014 was \$-0 Mil. Its operating income for the three months ended in Sep. 2014 was \$29 Mil. And its Long-Term Debt for the three months ended in Sep. 2014 was \$0 Mil.

MWI Veterinary Supply Inc's Interest Coverage for the quarter that ended in Sep. 2014 is calculated as

 Interest Coverage = -1 * Operating Income (Q: Sep. 2014 ) / Interest Expense (Q: Sep. 2014 ) = -1 * 28.794 / -0.23 = 125.19

* 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.

MWI Veterinary Supply Inc Annual Data

 Sep05 Sep06 Sep07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14 Interest Expense -7 -2 -1 -0 -0 -1 -1 -1 -1 -1

MWI Veterinary Supply Inc Quarterly Data

 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Interest Expense -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
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