Interface (Interface) Interest Expense : $-32 Mil (TTM As of Dec. 2023)

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What is Interface Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Interface's interest expense for the three months ended in Dec. 2023 was $ -7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-32 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. Interface's Operating Income for the three months ended in Dec. 2023 was $ 35 Mil. Interface's Interest Expense for the three months ended in Dec. 2023 was $ -7 Mil. Interface's Interest Coverage for the quarter that ended in Dec. 2023 was 5.17. 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.

Interface Interest Expense Historical Data

The historical data trend for Interface'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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Interface Interest Expense Chart

Interface Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-25.66

-29.24

-29.68

-29.93

-31.79

Interface 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															-8.14	-8.51	-8.32	-8.16	-6.80

Interface 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 $-32 Mil.

Interface (NAS:TILE) 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.

Interface's Interest Expense for the three months ended in Dec. 2023 was $-7 Mil. Its Operating Income for the three months ended in Dec. 2023 was $35 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $487 Mil.

Interface'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	*	35.152	/	-6.801
	=	5.17

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

Interface (Interface) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Interface Inc (NAS:TILE) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

IF6N:Germany IF6N:Germany

Address

1280 West Peachtree Street, Atlanta, GA, USA, 30309

Website

https://www.interface.com

Interface Inc is engaged in the designing, production, and sale of carpet tile. It also provides Luxury Vinyl tiles and rubber flooring. The company mainly targets corporate and noncorporate office markets, including government, education, healthcare, hospitality, and retailers. Its geographical segments include the Americas, Europe, and Asia-Pacific.

Executives

Stansfield Nigel	officer: VP & Chief Innovation Officer	2859 PACES FERRY ROAD, SUITE 2000, ATLANTA GA 30339
Robert T O'brien	director	1280 WEST PEACHTREE STREET NW, ATLANTA GA 30309
Laurel Hurd	officer: President & CEO	C/O NEWELL BRANDS INC., 6655 PEACHTREE DUNWOODY ROAD, ATLANTA GA 30328
James Poppens	officer: Vice President	1280 WEST PEACHTREE STREET NW, ATLANTA GA 30309
Robert Pridgen	officer: Chief Accounting Officer	1280 WEST PEACHTREE STREET NW, ATLANTA GA 30309
Christopher G Kennedy	director	C/O INTERFACE INC, 2859 PACES FERRY ROAD SUITE 2000, ATLANTA GA 30339
Gibson Dwight Audley Konrad	director	C/O SPX FLOW, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Joseph Keough	director	3715 NORTHSIDE PKWY NW, SUITE 4-600, ATLANTA GA 30327
Andreas Mueller	officer: VP & Chief Customer Officer	1280 WEST PEACHTREE ST. NW, ATLANTA GA 30309
Catherine M Kilbane	director
Daniel T Hendrix	director, officer: President and CEO	2859 PACES ROAD, ATLANTA GA 30339
Gregory J Bauer	officer: VP & Chief Accounting Officer	2859 PACES FERRY RD., STE 2000, ATLANTA GA 30339
Robert Coombs	officer: Vice President	2850 PACES FERRY RD, STE 2000, ATLANTA GA 30339
Jeffrey Chadwick Scales	officer: VP & Chief Innovation Officer	2859 PACES FERRY ROAD, SUITE 2000, ATLANTA GA 30339
Bruce Andrew Hausmann	officer: VP & CFO	2859 PACES FERRY ROAD, SUITE 2000, ATLANTA GA 30339