RBC has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
RBC has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
Interest Expense is the amount reported by a company or individual as an expense for borrowed money. RBC Bearings's interest expense for the three months ended in Dec. 2023 was $ -19 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-74 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. RBC Bearings's Operating Income for the three months ended in Dec. 2023 was $ 94 Mil. RBC Bearings's Interest Expense for the three months ended in Dec. 2023 was $ -19 Mil. RBC Bearings's Interest Coverage for the quarter that ended in Dec. 2023 was 4.88. 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.
The historical data trend for RBC Bearings'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.
RBC Bearings Annual Data | |||||||||||||||||||||
Trend | Mar14 | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | |||||||||||
Interest Expense | Get a 7-Day Free Trial | -5.17 | -1.39 | -0.90 | -22.60 | -69.50 |
RBC Bearings 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 | -20.90 | -14.50 | -20.50 | -20.10 | -19.30 |
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 $-74 Mil.
* 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.
RBC Bearings (NYSE:RBC) Interest Expense 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.
RBC Bearings's Interest Expense for the three months ended in Dec. 2023 was $-19 Mil. Its Operating Income for the three months ended in Dec. 2023 was $94 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,299 Mil.
RBC Bearings'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 | * | 94.1 | / | -19.3 | |
= | 4.88 |
* 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.
The higher the ratio, the stronger the company's financial strength is.
Michael H. Ambrose | director | ONE TRIBOLOGY CENTER, 102 WILLENBROCK ROAD, OXFORD CT 06478 |
Michael J Hartnett | officer: President and CEO | RBC BEARINGS, INC., 102 WILLENBROCK ROAD, ONE TRIBOLOGY CENTER, OXFORD CT 06478 |
Richard R Crowell | director | AURORA CAPITAL PARTNERS LP, 10877 WILSHIRE BOULEVARD SUITE 2100, LOS ANGELES CA 90024 |
Dolores J Ennico | director | RBC BEARINGS INCORPORATED, ONE TRIBOLOGY CENTER, OXFORD CT 06478 |
Robert M Sullivan | officer: Corporate Controller | 103 STILLWOLD DRIVE, WETHERSFIELD CT 06109 |
John J. Feeney | officer: Vice President and Secretary | ONE TRIBOLOGY CENTER, 102 WILLENBROCK ROAD, OXFORD CT 06478 |
Steven H. Kaplan | director | 11 LINDEN SHORES, BRANFORD CT 06405 |
Patrick S. Bannon | officer: V.P. and General Manager | 131 WOODS WAY DRIVE, SOUTHBURY CT 06488 |
Richard J Edwards | officer: V.P. and General Manager | RBC BEARINGS INCORPORATED, ONE TRIBOLOGY CENTER, OXFORD CT 06478 |
Edward Stewart | director | 5715 EAST CHENEY DRIVE, PARADISE VALLEY AZ 85253 |
Daniel A Bergeron | officer: VP and CFO | |
Alan B Levine | director | |
Ernest D Hawkins | officer: Vice President of Finance | 102 WILLENBROCK ROAD, OXFORD CT 06478 |
Amir Faghri | director | RBC BEARINGS INCORPORATED, ONE TRIBOLOGY CENTER, OXFORD CT 06478 |
Joseph Salamunovich | officer: General Counsel and Secretary | RBC BEARINGS INCORPORATED, ONE TRIBOLOGY CENTER, OXFORD CT 06478 |
From GuruFocus
By Ds*** Ds*** • 08-30-2022
By Business Wire • 08-04-2023
By Business Wire Business Wire • 08-12-2022
By Business Wire Business Wire • 06-03-2022
By Business Wire Business Wire • 05-26-2022
By Business Wire Business Wire • 08-09-2022
By Business Wire • 10-20-2023
By Business Wire Business Wire • 05-23-2022
By GuruFocus Research • 11-29-2023
By GuruFocus Research • 12-01-2023
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.