Acme United (Acme United) Interest Expense : $-2.7 Mil (TTM As of Dec. 2023)

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What is Acme United Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Acme United's interest expense for the three months ended in Dec. 2023 was $ -0.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-2.7 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. Acme United's Operating Income for the three months ended in Dec. 2023 was $ 2.1 Mil. Acme United's Interest Expense for the three months ended in Dec. 2023 was $ -0.5 Mil. Acme United's Interest Coverage for the quarter that ended in Dec. 2023 was 4.18. 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.

Acme United Interest Expense Historical Data

The historical data trend for Acme United'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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Acme United Interest Expense Chart

Acme United Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.83

-0.94

-0.92

-2.40

-3.10

Acme United Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.92	-0.86	-0.82	-0.50	-0.48

Acme United 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 $-2.7 Mil.

Acme United (AMEX:ACU) 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.

Acme United's Interest Expense for the three months ended in Dec. 2023 was $-0.5 Mil. Its Operating Income for the three months ended in Dec. 2023 was $2.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $24.4 Mil.

Acme United'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	*	2.093	/	-0.501
	=	4.18

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

Acme United (Acme United) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Acme United Corp (AMEX:ACU) » Definitions » Interest Expense

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Traded in Other Exchanges

UT1:Germany

Address

1 Waterview Drive, Shelton, CT, USA, 06484

Website

https://www.acmeunited.com

Acme United Corp is a supplier of first aid and medical products and cutting technology to the school, home, office, hardware, sporting goods, and industrial markets. Its principal products sold across all segments are first aid kits and medical products, scissors, shears, knives, rulers, pencil sharpeners, and sharpening tools. The Company sells its products to mass market and e-commerce retailers, industrial distributors, wholesale, contract, and retail stationery distributors, office supply superstores, sporting goods stores, and hardware chains. The Company's reportable business segments consist of the United States, Canada, and Europe, out of which a majority of the company's revenue is derived from the United States.

Executives

Brian S Olschan	director, officer: Pres, Chief Operations Officer	C/O ACME UNITED CORP, 60 ROUND HILL ROAD, FAIRFIELD CT 06824
Rex Lynn Davidson	director	70 BATTERY PLACE #620, NEW YORK NY 10280
Paul G Driscoll	officer: Vice President and CFO	C/O ACME UNITED CORP, 60 ROUND HILL ROAD, FAIRFIELD CT 06824
Brian Barker	director	55 WALLS DRIVE, FAIRFIELD CT 06824
Walter C Johnsen	director, officer: See Remarks	C/O ACME UNITED CORP, 60 ROUND HILL ROAD, FAIRFIELD CT 06824
Ward Stevenson E Iii	director	C/O ACME UNITED CORP, 60 ROUND HILL ROAD, FAIRFIELD CT 06824
Susan H Murphy	director	C/O ACME UNITED CORP, 60 ROUND HILL ROAD, FAIRFIELD CT 06824
Holden Richmond Y Jr	director	C/O ACME UNITED CORP, 60 ROUND HILL ROAD, FAIRFIELD CT 06824
North Star Investment Management Corp.	10 percent owner	20 N. WACKER DRIVE, SUITE # 1416, CHICAGO IL 60606
Gary D Penisten	director, officer: Chairman	C/O ACME UNITED CORP, 60 ROUND HILL ROAD, FAIRFIELD CT 06824
R Scott Asen	10 percent owner	224 E 49TH ST, NEW YORK NY 10017
James A Benkovic	officer: Vice President of Sales	C/O ACME UNITED CORP, 60 ROUND HILL ROAD, FAIRFIELD CT 06824
Stephen Jr Spinelli	director	THE COLONNADE RESIDENCES, 118 HUNTINGTON AVE, APT 1102, BOSTON MA 02116
Wayne R Moore	director	C/O ACME UNITED CORP, 1931 BLACK ROCK TURNPIKE, FAIRFIELD CT 06825
George R Dunbar	director	C/O ACME UNITED CORP, 60 ROUND HILL ROAD, FAIRFIELD CT 06824