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Ferro (FOE) Interest Expense : $-27 Mil (TTM As of Dec. 2021)


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What is Ferro Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ferro's interest expense for the three months ended in Dec. 2021 was $ -8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2021 was $-27 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. Ferro's Operating Income for the three months ended in Dec. 2021 was $ 29 Mil. Ferro's Interest Expense for the three months ended in Dec. 2021 was $ -8 Mil. Ferro's Interest Coverage for the quarter that ended in Dec. 2021 was 3.71. 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.


Ferro Interest Expense Historical Data

The historical data trend for Ferro'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.

* Premium members only.

Ferro Interest Expense Chart

Ferro Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -17.15 -23.66 -21.81 -19.17 -27.02

Ferro Quarterly Data
Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -4.61 -9.15 -4.82 -5.25 -7.80

Ferro 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. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-27 Mil.

* 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.


Ferro  (NYSE:FOE) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Ferro's Interest Expense for the three months ended in Dec. 2021 was $-8 Mil. Its Operating Income for the three months ended in Dec. 2021 was $29 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2021 was $260 Mil.

Ferro's Interest Coverage for the quarter that ended in Dec. 2021 is calculated as

Interest Coverage=-1* Operating Income (Q: Dec. 2021 )/Interest Expense (Q: Dec. 2021 )
=-1*28.95/-7.798
=3.71

* 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.

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


Ferro (FOE) Business Description

Traded in Other Exchanges
N/A
Address
6060 Parkland Boulevard, Suite 250, Mayfield Heights, OH, USA, 44124
Ferro corp produces specialty materials sold to manufacturers in various industries. The company operates in two segments: functional coatings and color solutions. Its product portfolio includes frits, porcelain and other glass enamels, glazes, stains, decorating colors, pigments, inks, polishing materials, dielectrics, electronic glasses, and other specialty coatings. The functional coatings segment contributes the majority of the company's revenue. Ferro's products have applications in various markets such as electronics, appliances, automotive, consumer, sanitary, and packaging. Its geographical segments are Europe, the Middle East, and Africa; the United States; Asia-Pacific; and Latin America. EMEA generates the most revenue, closely followed by the U.S.
Executives
Andrew T Henke officer: Chief Accounting Officer 6060 PARKLAND BLVD SUITE 250 MAYFIELD HEIGHTS OH 44124
Allen A Spizzo director 1313 N MARKET ST, WILMINGTON DE 19894
Andrew M Ross director 6060 PARKLAND BLVD, MAYFIELD VILLAGE OH 44124
David A Lorber director C/O FRONTFOUR CAPITAL GROUP LLC, 35 MASON STREET, 4TH FLOOR, GREENWICH CT 06830
Benjamin Schlater officer: Chief Financial Officer C/O FERRO CORPORATION 6060 PARKLAND BLVD SUITE 250 MAYFIELD HEIGHTS OH 44124
Ronald P Vargo director 41 UNIVERSITY DRIVE, SUITE 202, NEWTOWN PA 18940
Marran H. Ogilvie director 599 LEXINGTON AVENUE, NEW YORK NY 10022
Peter T Thomas officer: Vice President 1000 LAKESIDE AVENUE, CLEVELAND OH 44114
Mark Hugo Duesenberg officer: General Counsel 1000 LAKESIDE CLEVELAND OH 44114
James Barna officer: Chief Accounting Officer C/O FERRO CORPORATION 6060 PARKLAND BLVD, SUITE 250, MAYFIELD HEIGHTS OH 44124
Ann Killian officer: Vice President 1000 LAKESIDE AVENUE CLEVELAND OH 44114
Jeffry N Quinn director 12935 NORTH FORTY DRIVE, SUITE 201, ST. LOUIS MO 63141
Jeffrey L Rutherford officer: V.P and CFO 15885 SPRAGUE RD, STRONGSVILLE OH 44136-1799
Timothy K Pistell director PARKER HANNIFIN CORP, 6035 PARKLAND BLVD, CLEVELAND OH 44112
Kong Peter T M director KULICKE AND SOFFA INDUSTRIES INC., 1005 VIRGINIA DRIVE, FT. WASHINGTON PA 19034

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