Patrick Industries (Patrick Industries) Interest Expense : $-69 Mil (TTM As of Dec. 2023)

View and export this data going back to 1990. Start your Free Trial

What is Patrick Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Patrick Industries's interest expense for the three months ended in Dec. 2023 was $ -15 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-69 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. Patrick Industries's Operating Income for the three months ended in Dec. 2023 was $ 57 Mil. Patrick Industries's Interest Expense for the three months ended in Dec. 2023 was $ -15 Mil. Patrick Industries's Interest Coverage for the quarter that ended in Dec. 2023 was 3.74. 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.

Patrick Industries Interest Expense Historical Data

The historical data trend for Patrick 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.

* Premium members only.

Patrick Industries Interest Expense Chart

Patrick Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-36.62

-43.00

-57.89

-60.76

-68.94

Patrick 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															-15.77	-18.48	-18.26	-16.88	-15.32

Patrick 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 $-69 Mil.

Patrick Industries (NAS:PATK) 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.

Patrick Industries's Interest Expense for the three months ended in Dec. 2023 was $-15 Mil. Its Operating Income for the three months ended in Dec. 2023 was $57 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,151 Mil.

Patrick 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	*	57.316	/	-15.319
	=	3.74

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

Patrick Industries (Patrick Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Patrick Industries Inc (NAS:PATK) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

PK2:Germany

Address

107 West Franklin Street, P.O. Box 638, Elkhart, IN, USA, 46515

Website

https://www.patrickind.com

Patrick Industries Inc makes and sells building products and materials for recreational vehicles and manufactured housing. The company is organized into two segments based on product type: manufacturing and distribution. The manufacturing segment, which generates the majority of revenue, sells laminated and vinyl products that include furniture, shelving, cabinets, bath fixtures, and countertops. The distribution segment sells prefinished wall and ceiling panels, as well as electrical and plumbing products for the RV and manufactured-housing industries. One of the firm's RV customers makes up a significant portion of revenue. Nearly all of Patrick Industries' revenue comes from North America.

Executives

Andy L Nemeth	director, officer: President	C/O PATRICK INDUSTRIES, INC.,, P.O. BOX 638, ELKHART IN 46515-0638
Kip B Ellis	officer: EVP Operations & COO	107 W. FRANKLIN STREET, P.O. BOX 638, ELKHART IN 46515
Jeff Rodino	officer: EVP-Sales, Chief Sales Officer	107 W. FRANKLIN STREET, P.O.BOX 638, ELKHART IN 46515
Todd M Cleveland	director, officer: CEO	107 W. FRANKLIN ST., ELKHART IN 46515
Derrick B Mayes	director	107 W. FRANKLIN STREET, PO BOX 638, ELKHART IN 46515
Matthew S Filer	officer: Interim CFO, Treasurer & PAO	107 W. FRANKLIN STREET, PO BOX 638, ELKHART IN 46515
M Scott Welch	director	6 LONGWOOD COURT, ELKHART IN 46516
Stacey L Neu	officer: EVP & CHRO	C/O SPECTRUM BRANDS HOLDINGS, INC., 3001 DEMING WAY, MIDDLETON WI 53562
Michael A Kitson	director	107 W. FRANKLIN STREET, P.O. BOX 638, ELKHART IN 46515
Pamela R Klyn	director	107 W. FRANKLIN STREET, PO BOX 638, ELKHART IN 46515
Joel D Duthie	officer: Chief Legal Officer/Secretary	107 W. FRANKLIN STREET, PO BOX 638, ELKHART IN 46515
Blosser Courtney	officer: Chief Human Resource Officer	107 W. FRANKLIN STREET, P.O.BOX 638, ELKHART IN 46515
Jacob R Petkovich	officer: EVP Finance, CFO & Treasurer	107 W. FRANKLIN STREET, PO BOX 638, ELKHART IN 46515
James E Rose	other: Principal Accounting Officer	107 W. FRANKLIN STREET, PO BOX 638, ELKHART IN 46515
Joshua A Boone	officer: VP - Finance & CFO	107 W. FRANKLIN STREET, P.O. BOX 638, ELKHART IN 46515