Valmont Industries (Valmont Industries) Interest Expense : $-57 Mil (TTM As of Dec. 2023)

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What is Valmont Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Valmont 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 $-57 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. Valmont Industries's Operating Income for the three months ended in Dec. 2023 was $ 95 Mil. Valmont Industries's Interest Expense for the three months ended in Dec. 2023 was $ -15 Mil. Valmont Industries's Interest Coverage for the quarter that ended in Dec. 2023 was 6.18. 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.

Valmont Industries Interest Expense Historical Data

The historical data trend for Valmont 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.

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Valmont Industries Interest Expense Chart

Valmont Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-40.15

-41.08

-42.61

-47.53

-56.81

Valmont 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															-13.26	-13.11	-14.92	-13.47	-15.31

Valmont 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 $-57 Mil.

Valmont Industries (NYSE:VMI) 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.

Valmont 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 $95 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,271 Mil.

Valmont 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	*	94.578	/	-15.314
	=	6.18

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

Valmont Industries (Valmont Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Valmont Industries Inc (NYSE:VMI) » Definitions » Interest Expense

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VI1:Germany

Address

15000 Valmont Plaza, Omaha, NE, USA, 68154-5215

Website

https://www.valmont.com

Valmont began in 1946 when founder, Robert B. Daugherty, combined his $5,000 savings with a wholehearted belief that business could and should be done better. From those modest beginnings, the company grew into a global leader, designing and manufacturing highly engineered products and services that support infrastructure development and agricultural productivity. Two primary business segments comprise Valmont: Agriculture and Infrastructure. Valmont have 85 manufacturing facilities in 22 countries, and do business in more than 100 countries across six continents.

Executives

Aaron M Schapper	officer: EVP Infrastructure	VALMONT INDUSTRIES INC, 15000 VALMONT PLAZA, OMAHA NE 68154
Theodor Werner Freye	director	VALMONT INDUSTRIES INC, 15000 VALMONT PLAZA, OMAHA NE 68154
John Timothy Donahue	officer: EVP, Corp/Business Development	VALMONT INDUSTRIES INC, 15000 VALMONT PLAZA, OMAHA NE 68135
Stephen G Kaniewski	officer: President & COO	15000 VALMONT PLAZA, 15000 VALMONT PLAZA, OMAHA NE 68154
Daas Kaj Den	director	EIFELLAAN #3, 5691 GW, SON EN BREUGEL P7 00000
Gene Padgett	officer: CAO	VALMONT INDUSTRIES, INC., 15000 VALMONT PLAZA, OMAHA NE 68154
Timothy Francis	officer: VP Corporate Controller	VALMONT INDUSTRIES, INC., 15000 VALMONT PLAZA, OMAHA NE 68154-5215
Thomas Mitchell Parnell	officer: SVP, Human Resources	VALMONT INDUSTRIES, INC., 15000 VALMONT PLAZA, OMAHA NE 68154
Renee L Campbell	officer: SVP, Investor Relations, Treas	VALMONT INDUSTRIES, 15000 VALMONT PLAZA, OMAHA NE 68154
R Andrew Massey	officer: VP, Legal and Compliance	VALMONT INDUSTRIES INC, 15000 VALMONT PLAZA, OMAHA NE 68154
James B. Milliken	director	ONE VALMONT PLAZA, 13815 FIRST NATIONAL BANK PARKWAY, OMAHA NE 68135
Mogens C Bay	director, officer: Chairman and CEO	15000 VALMONT PLAZA, OMAHA NE 68154
Randt Clark T. Jr.	director	ONE VALMONT PLAZA, 13815 FIRST NATIONAL BANK PARKWAY, OMAHA NE 68154
Joan Robinson-berry	director	VALMONT INDUSTRIES INC, 15000 VALMONT PLAZA, OMAHA NE 68175
Ritu Favre	director	12367 CROSTHWAITE CIRCLE, POWAY CA 92064