Watsco (Watsco) Interest Expense : $-5 Mil (TTM As of Dec. 2023)

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What is Watsco Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Watsco's interest expense for the three months ended in Dec. 2023 was $ 1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-5 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. Watsco's Operating Income for the three months ended in Dec. 2023 was $ 82 Mil. Watsco's Interest Expense for the three months ended in Dec. 2023 was $ 1 Mil. Watsco 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.

Watsco Interest Expense Historical Data

The historical data trend for Watsco'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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Watsco Interest Expense Chart

Watsco Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-4.03

-1.24

-1.00

-2.17

-4.92

Watsco 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															-0.01	-0.62	-3.42	-1.89	1.00

Watsco 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 $-5 Mil.

Watsco (NYSE:WSO) 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.

Watsco's Interest Expense for the three months ended in Dec. 2023 was $1 Mil. Its Operating Income for the three months ended in Dec. 2023 was $82 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $305 Mil.

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

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

Watsco (Watsco) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Watsco Inc (NYSE:WSO) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

WSO.B:USA WC30:Germany WC3:Germany WC3:Germany

Address

2665 South Bayshore Drive, Suite 901, Miami, FL, USA, 33133

Website

https://www.watsco.com

Watsco is the largest heating, ventilation, air-conditioning, and refrigeration products distributor in North America. The company primarily operates in the United States (91% of 2022 revenue) with significant exposure in the Sunbelt states. Watsco also has operations in Canada (5% of sales) and Latin America and the Caribbean (4% of sales). The company's customer base consists of more than 120,000 dealers and contractors that serve the replacement and new construction HVACR markets for residential and light commercial applications.

Executives

Ana Lopez-blazquez	director	2665 S. BAYSHORE DRIVE, SUITE 901, MIAMI FL 33133
Valerie Schimel	director	2665 S. BAYSHORE DRIVE, SUITE 901, MIAMI FL 33133
John Alexander Macdonald	director	2665 S. BAYSHORE DRIVE, SUITE 901, MIAMI FL 33133
Stephen F. Rush	officer: EVP and COO	2665 S. BAYSHORE DRIVE, SUITE 901, MIAMI FL 33133
John Michael Custer	director	2665 S. BAYSHORE DRIVE, SUITE 901, MIAMI FL 33133
Brian E. Keeley	director	2665 S. BAYSHORE DRIVE, SUITE 901, MIAMI FL 33133
Steven Rubin	director	2665 S. BAYSHORE DRIVE, SUITE 901, MIAMI FL 33133
Barry S Logan	officer: Senior Vice President
Watsco Inc	director	2665 SOUTH BAYSHORE DR, STE 901, COCONUT GROVE FL 33133
Jason Epstein	director	% COLUMBUS ACQUISITION CORP, 153 EAST 53RD STREET 58TH FLOOR, NEW YORK NY 10022
United Technologies Corp /de/	10 percent owner	1000 WILSON BLVD, ARLINGTON VA 22209
David C. Darnell	director	100 NORTH TRYON STREET, CHARLOTTE NC 28255
Paul F Manley	director	C/O GENTA INC., TWO VANWAY, BERKELEY HEIGHTS NJ 07922
Bob L Moss	director
Denise Dickins	director	1867 TRAVIS CIRCLE, WEST PALM BEACH FL 33406