Advanced Drainage Systems (Advanced Drainage Systems) Interest Expense : $-87 Mil (TTM As of Dec. 2023)

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What is Advanced Drainage Systems Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Advanced Drainage Systems's interest expense for the three months ended in Dec. 2023 was $ -22 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-87 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. Advanced Drainage Systems's Operating Income for the three months ended in Dec. 2023 was $ 156 Mil. Advanced Drainage Systems's Interest Expense for the three months ended in Dec. 2023 was $ -22 Mil. Advanced Drainage Systems's Interest Coverage for the quarter that ended in Dec. 2023 was 6.98. 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.

Advanced Drainage Systems Interest Expense Historical Data

The historical data trend for Advanced Drainage Systems'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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Advanced Drainage Systems Interest Expense Chart

Advanced Drainage Systems Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-18.62

-82.71

-35.66

-33.55

-70.18

Advanced Drainage Systems 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															-20.00	-20.85	-21.71	-21.94	-22.33

Advanced Drainage Systems 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 $-87 Mil.

Advanced Drainage Systems (NYSE:WMS) 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.

Advanced Drainage Systems's Interest Expense for the three months ended in Dec. 2023 was $-22 Mil. Its Operating Income for the three months ended in Dec. 2023 was $156 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,300 Mil.

Advanced Drainage Systems'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	*	155.778	/	-22.331
	=	6.98

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

Advanced Drainage Systems (Advanced Drainage Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Advanced Drainage Systems Inc (NYSE:WMS) » Definitions » Interest Expense

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Traded in Other Exchanges

6DA:Germany

Address

4640 Trueman Boulevard, Hilliard, OH, USA, 43026

Website

https://www.adspipe.com

Advanced Drainage Systems Inc is engaged in designing, manufacturing, and marketing thermoplastic corrugated pipe and related water management products in North and South America, and Europe. The company's operating segment includes Pipe; Infiltrator; International and Allied Products and Other. It generates maximum revenue from the Pipe segment. The company serves Agriculture; Aviation and Military; Mining; Residential; Transportation; Healthcare and Education and others.

Executives

Brian W. King	officer: Executive Vice President	C/O ADVANCED DRAINAGE SYSTEMS, INC., 4640 TRUEMAN BOULEVARD, HILLIARD OH 43026
Michael G. Huebert	officer: Senior Vice President	C/O ADVANCED DRAINAGE SYSTEMS, INC., 4640 TRUEMAN BOULEVARD, HILLIARD OH 43026
Tim A Makowski	officer: SEE REMARKS (A)	C/O ADVANCED DRAINAGE SYSTEMS, INC., 4640 TRUEMAN BOULEVARD, HILLIARD OH 43026
Robert M Klein	officer: EVP, Sales	C/O ADVANCED DRAINAGE SYSTEMS, INC., 4640 TRUEMAN BOULEVARD, HILLARD OH 43026
Anil Seetharam	director	200 CLARENDON STREET, FLOOR 35, BOSTON MA 02116
Ross M Jones	director	ONE BOSTON PLACE, 33RD FL, BOSTON MA 02108
Alexander R Fischer	director	C/O ADVANCED DRAINAGE SYSTEMS, INC., 4640 TRUEMAN BOULEVARD, HILLARD OH 43026
Darin S. Harvey	officer: EVP, Supply Chain & Logistics	C/O ADVANCED DRAINAGE SYSTEMS, INC., 4640 TRUEMAN BOULEVARD, HILLIARD OH 43026
Craig J. Taylor	officer: Executive Vice President	C/O ADVANCED DRAINAGE SYSTEMS, INC., 4640 TRUEMAN BOULEVARD, HILLIARD OH 43026
Perez De La Mesa Manuel J	director
Kevin C Talley	officer: EVP and CAO	C/O ADVANCED DRAINAGE SYSTEMS INC, 4640 TRUEMAN BOULEVARD, HILLIARD OH 43026
Kelly S. Gast	director	C/O ADVANCED DRAINAGE SYSTEMS, INC., 4640 TRUEMAN BLVD., HILLIARD OH 43026
Berkshire Partners Holdings Llc	10 percent owner	200 CLARENDON STREET, 35TH FLOOR, BOSTON MA 02116
Berkshire Fund Ix, L.p.	10 percent owner	C/O NINTH BERKSHIRE ASSOCIATES LLC, 200 CLARENDON STREET, BOSTON MA 02116
Michael B. Coleman	director	C/O ADVANCED DRAINAGE SYSTEMS, INC., 4640 TRUEMAN BLVD., HILLIARD OH 43026