Cavco Industries (Cavco Industries) Interest Expense : $-2 Mil (TTM As of Dec. 2023)

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What is Cavco Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cavco Industries'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 $-2 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. Cavco Industries's Operating Income for the three months ended in Dec. 2023 was $ 40 Mil. Cavco Industries's Interest Expense for the three months ended in Dec. 2023 was $ -1 Mil. Cavco Industries's Interest Coverage for the quarter that ended in Dec. 2023 was 47.20. 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.

Cavco Industries Interest Expense Historical Data

The historical data trend for Cavco 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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Cavco Industries Interest Expense Chart

Cavco Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-3.44

-1.50

-0.74

-0.70

-0.91

Cavco 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															-0.22	-0.30	-0.27	-0.26	-0.84

Cavco 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 $-2 Mil.

Cavco Industries (NAS:CVCO) 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.

Cavco Industries'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 $40 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $33 Mil.

Cavco 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	*	39.739	/	-0.842
	=	47.20

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Cavco Industries Inc has enough cash to cover all of its debt. Its financial situation is stable.

Cavco Industries (Cavco Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Cavco Industries Inc (NAS:CVCO) » Definitions » Interest Expense

Comparable Companies

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Traded in Other Exchanges

N/A

Address

3636 North Central Avenue, Suite 1200, Phoenix, AZ, USA, 85012

Website

https://www.cavco.com

Cavco Industries Inc designs and produces factory-built homes under the Cavco Homes, Fleetwood Homes, and Palm Harbor Homes brands. It also produces modular homes, park model homes, and vacation cabins, as well as commercial structures, among others. The company operates principally in two segments: Factory-built housing, which includes wholesale and retail systems-built housing operations and financial services, which includes manufactured housing consumer finance and insurance. Cavco received most of its revenues from the Factory-built housing segment.

Executives

Steven K. Like	officer: Senior Vice President	1001 N. CENTRAL AVENUE, SUITE 800, PHOENIX AZ 85004
Steven G Bunger	director
Jack S Brandom	officer: President, Financial Services	C/O 3636 N. CENTRAL AVE., SUITE 1200, PHOENIX AZ 85012
Gavin Ryan	officer: See remarks	3636 N. CENTRAL AVENUE, SUITE 1200, PHOENIX AZ 85012
David A. Greenblatt	director	4218 BEECHWOOD LANE, DALLAS TX 75220-1908
Rogers Colleen J	officer: SVP, Marketing and Comm.	C/O 3636 N. CENTRAL AVE., SUITE 1200, PHOENIX AZ 85012
Allison Aden	officer: EVP and CFO	C/O PROFIT RECOVERY GROUP INTERNATIONAL, 2300 WINDY RIDGE PARKWAY SUITE 100, ATLANTA GA 30339
Matthew A Nino	officer: President, Retail	C/O 3636 N CENTRAL AVENUE, SUITE 1200, PHOENIX AZ 85012
Brian R Cira	officer: President,Manufactured Housing	C/O 3636 N. CENTRAL AVE., SUITE 1200, PHOENIX AZ 85012
Anthony Crutcher	officer: Chief Information Officer	C/O 3636 N. CENTRAL AVE., SUITE 1200, PHOENIX AZ 85012
Paul Bigbee	officer: Chief Accounting Officer	C/O 3636 N. CENTRAL AVE., SUITE 1200, PHOENIX AZ 85012
Steven W Moster	director	7000 E. 1ST AVE., SCOTTSDALE AZ 85251
Simone Reynolds	officer: Sr. VP & CHRO	C/O 3636 N CENTRAL AVENUE, SUITE 1200, PHOENIX AZ 85012
Julia Sze	director	C/O 3636 N. CENTRAL AVENUE, SUITE 1200, PHOENIX AZ 85012
Lyle D Zeller	officer: See Remarks	3636 N. CENTRAL AVENUE, SUITE 1200, PHOENIX AZ 85012