Strattec Security (Strattec Security) Interest Expense : $-1.1 Mil (TTM As of Dec. 2023)

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What is Strattec Security Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Strattec Security's interest expense for the three months ended in Dec. 2023 was $ -0.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-1.1 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. Strattec Security's Operating Income for the three months ended in Dec. 2023 was $ -0.0 Mil. Strattec Security's Interest Expense for the three months ended in Dec. 2023 was $ -0.2 Mil. Strattec Security did not have earnings to cover the interest expense. 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.

Strattec Security Interest Expense Historical Data

The historical data trend for Strattec Security'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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Strattec Security Interest Expense Chart

Strattec Security Annual Data

Trend

Jun14

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Jun23

Interest Expense

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-1.62

-0.92

-0.30

-0.22

-0.96

Strattec Security 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															-0.20	-0.27	-0.37	-0.22	-0.22

Strattec Security 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 $-1.1 Mil.

Strattec Security (NAS:STRT) 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.

Strattec Security's Interest Expense for the three months ended in Dec. 2023 was $-0.2 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-0.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $0.0 Mil.

Strattec Security's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Strattec Security did not have earnings to cover the interest expense.

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

Strattec Security (Strattec Security) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Strattec Security Corp (NAS:STRT) » Definitions » Interest Expense

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SS8:Germany

Address

3333 West Good Hope Road, Milwaukee, WI, USA, 53209

Website

https://www.strattec.com

Strattec Security Corp designs develops, manufactures and markets mechanical locks, electronically enhanced locks and keys. It also produces ignition lock housings; access control products, including latches, power sliding door systems, and door handles. Strattec ships products to customer locations in the United States, Canada, Mexico, Europe, South America, Korea and China, and provides full-service aftermarket support. Strattec also supplies products for the heavy truck and recreational vehicle markets, as well as precision, die castings.

Executives

Gamco Investors, Inc. Et Al	10 percent owner	191 MASON STREET, GREENWICH CT 06830
Liebau Frederic Jack Jr	director	P.O. BOX 2200, PASADENA CA 91102-2200
Bruce M Lisman	director	C/O MERCHANTS BANK, 275 KENNEDY DR, S. BURLINGTON VT 05403
Richard P Messina	officer: VP-Strattec Power Access LLC	C/O STRATTEC SECURITY CORPORATION, 3333 WEST GOOD HOPE ROAD, MILWAUKEE WI 53209
Ggcp, Inc.	10 percent owner	189 MASON STREET, GREENWICH CT 06830
Associated Capital Group, Inc.	10 percent owner	191 MASON STREET, GREENWICH CT 06830
Mario J Gabelli	10 percent owner	191 MASON STREET, GREENWICH CT 06830
Dennis Bowe	officer: Vice President and CFO	3333 WEST GOOD HOPE ROAD, MILWAUKEE WI 53209
Patrick J Hansen	officer: Vice Pres., CFO and Secretary	C/O MACHTEN, INC., 1516 BARLOW STREET, SUITE D, TRAVERSE CITY MI 49686
Frank Krejci	director
Tina M Chang	director	375 BISHOPS WAY, SUITE 105, BROOKFIELD WI 53005
Stratton Harold M Ii	director, officer: Chairman of the Board & CEO	P.O. BOX 8057, NAPLES FL 34101
Al-waleed H. Hamdan	officer: VP of Product Management	3333 WEST GOOD HOPE ROAD, MILWAUKEE WI 53209
Rolando Guillot	officer: Vice Pres.-Mexican Operations	C/O STRATTEC SECURITY CORPORATION, 3333 WEST GOOD HOPE ROAD, MILWAUKEE WI 53209
Brian J Reetz	officer: VP - Security Products	C/O STRATTEC SECURITY CORPORATION, 3333 WEST GOOD HOPE ROAD, MILWAUKEE WI 53209