Omnova Solutions (Omnova Solutions) Interest Expense : $-19.6 Mil (TTM As of Feb. 2020)

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What is Omnova Solutions Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Omnova Solutions's interest expense for the three months ended in Feb. 2020 was $ -4.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2020 was $-19.6 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. Omnova Solutions's Operating Income for the three months ended in Feb. 2020 was $ 0.7 Mil. Omnova Solutions's Interest Expense for the three months ended in Feb. 2020 was $ -4.6 Mil. Omnova Solutions's Interest Coverage for the quarter that ended in Feb. 2020 was 0.15. 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.

Omnova Solutions Interest Expense Historical Data

The historical data trend for Omnova Solutions'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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Omnova Solutions Interest Expense Chart

Omnova Solutions Annual Data

Trend

Nov10

Nov11

Nov12

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Interest Expense

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-28.30

-24.70

-21.50

-19.30

-20.00

Omnova Solutions Quarterly Data
	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20
Interest Expense	Get a 7-Day Free Trial															-5.00	-5.20	-5.10	-4.70	-4.60

Omnova Solutions 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. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-19.6 Mil.

Omnova Solutions (NYSE:OMN) 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.

Omnova Solutions's Interest Expense for the three months ended in Feb. 2020 was $-4.6 Mil. Its Operating Income for the three months ended in Feb. 2020 was $0.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2020 was $335.2 Mil.

Omnova Solutions's Interest Coverage for the quarter that ended in Feb. 2020 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2020 )	/	Interest Expense (Q: Feb. 2020 )
	=	-1	*	0.7	/	-4.6
	=	0.15

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

Omnova Solutions (Omnova Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Omnova Solutions Inc (NYSE:OMN) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

25435 Harvard Road, Beachwood, OH, USA, 44122-6201

Website

https://www.omnova.com

Omnova Solutions Inc manufactures and sells a variety of chemicals and chemical-based products. The firm organizes itself into two segments based on the product type. Its performance materials segment, which sells latex, lubricants, plastics, and powders used in the production of paper and packaging materials, carpets, tires, cords, synthetic latex gloves, and rubber products. The specialty chemical segment sells vinyl acrylics, styrene, plastic pigments, and polyethylene resins used in the production of textiles, oil and gas, coatings, construction materials, and personal care products. It generates a majority of revenue from the Specialty Solutions segment. Geographically, the company's majority of revenue comes from the United States.

Executives

Anne P Noonan	officer: President & CEO	25435 HARVARD RD, BEACHWOOD OH 44122
Allan R Rothwell	director	C/O COMPASS MINERALS, 9900 WEST 109TH STREET, SUITE 600, OVERLAND PARK KS 66210
James A Mitarotonda	director	888 SEVENTH AVENUE 17TH FL, NEW YORK NY 10019
Joseph M Gingo	director	3550 WEST MARKET STREET, AKRON OH 44333
Michael J Merriman	director	C/O RC2 CORPORATION, 1111 WEST 22ND STREET, SUITE 320, OAK BROOK IL 60523
David J Dantoni	director	C/O COMPASS MINERALS, 9900 WEST 109TH STREET, SUITE 600, OVERLAND PARK KS 66210
Janet Plaut Giesselman	director	25435 HARVARD RD., BEACHWOOD OH 44122
Larry B Porcellato	director	ICI PAINTS, 15885 SPRAGUE ROAD, CLEVELAND OH 44136
Paul F Desantis	officer: SVP, CFO; Treasurer	25435 HARVARD RD, BEACHWOOD OH 44122-6201
Donald B. Mcmillan	officer: Chief Accounting Officer	25435 HARVARD RD, BEACHWOOD OH 44122
Robert A Stefanko	director	3550 W MARKET ST, AKRON OH 44333
Edward P Campbell	director	C/O KEYCORP, 127 PUBLIC SQUARE, CLEVELAND OH 44114
David A. Daberko	director	C/O MARATHON PETROLEUM CORPORATION, 539 S. MAIN STREET, FINDLAY OH 45840
Gregory T Troy	officer: Senior VP Human Resources	C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002