Woodward (Woodward) Interest Expense : $-48 Mil (TTM As of Dec. 2023)

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What is Woodward Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Woodward's interest expense for the three months ended in Dec. 2023 was $ -11 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-48 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. Woodward's Operating Income for the three months ended in Dec. 2023 was $ 99 Mil. Woodward's Interest Expense for the three months ended in Dec. 2023 was $ -11 Mil. Woodward's Interest Coverage for the quarter that ended in Dec. 2023 was 8.66. 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.

Woodward Interest Expense Historical Data

The historical data trend for Woodward'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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Woodward Interest Expense Chart

Woodward Annual Data

Trend

Sep14

Sep15

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Sep19

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Sep23

Interest Expense

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-44.00

-35.81

-34.28

-34.55

-47.90

Woodward 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															-11.14	-12.85	-12.18	-11.74	-11.44

Woodward 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 $-48 Mil.

Woodward (NAS:WWD) 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.

Woodward's Interest Expense for the three months ended in Dec. 2023 was $-11 Mil. Its Operating Income for the three months ended in Dec. 2023 was $99 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $673 Mil.

Woodward'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	*	99.044	/	-11.436
	=	8.66

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

Woodward (Woodward) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Woodward Inc (NAS:WWD) » Definitions » Interest Expense

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Traded in Other Exchanges

WW1:Germany

Address

1081 Woodward Way, Fort Collins, CO, USA, 80524

Website

https://www.woodward.com

Woodward Inc is an independent designer, manufacturer, and service provider of control solutions for the aerospace and industrial markets. It designs, produces, and service reliable, efficient, low-emission, and high-performance energy control products for diverse applications in challenging environments. The company holds production and assembly facilities primarily in the United States, Europe, and Asia, and promotes products and services through worldwide locations.

Executives

Randall Hobbs	officer: President, Industrial	1081 WOODWARD WAY, FORT COLLINS CO 80524
John D Cohn	director	C/O ROCKWELL AUTOMATION, INC., 1201 SOUTH SECOND STREET, MILWAUKEE WI 53204
Ronald M Sega	director	10877 WILSHIRE BLVD, SUITE 710, LOS ANGELES CA 90024
Christopher Fawzy	officer: VP, Gen Counsel & Corp Sec	201 MENTOR DRIVE, SANTA BARBARA CA 93111
Rajeev Bhalla	director	1081 WOODWARD WAY, FORT COLLINS CO 80524
Mary D Petryszyn	director	2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Tana Leigh Utley	director	C/O SPX TECHNOLOGIES, INC., 6325 ARDREY KELL ROAD, SUITE 400, CHARLOTTE NC 28277
Gregg C Sengstack	director	FRANKLIN ELECTRIC CO INC, 9255 COVERDALE RD, FORT WAYNE IN 46809
William F. Lacey	officer: CFO	1081 WOODWARD WAY, FORT COLLINS CO 80524
Charles P Blankenship	director, officer: CEO and President	1081 WOODWARD WAY, FORT COLLINS CO 80524
Mark D Hartman	officer: Chief Financial Officer	1081 WOODWARD WAY, FORT COLLINS CO 80524
Paul Donovan	director	PO BOX 7003, ROCKFORD IL 61125-7003
David P Hess	director	390 PARK AVENUE, NEW YORK NY 10022
Mary L Petrovich	director
Daniel G. Korte	director	C/O LMI AEROSPACE, INC., 411 FOUNTAIN LAKE BLVD., ST. CHARLES MO 63301