Masonite International (FRA:MII) Interest Expense : €-45 Mil (TTM As of Mar. 2024)

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What is Masonite International Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Masonite International's interest expense for the three months ended in Mar. 2024 was € -11 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-45 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. Masonite International's Operating Income for the three months ended in Mar. 2024 was € 12 Mil. Masonite International's Interest Expense for the three months ended in Mar. 2024 was € -11 Mil. Masonite International's Interest Coverage for the quarter that ended in Mar. 2024 was 1.07. 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.

Masonite International Interest Expense Historical Data

The historical data trend for Masonite International'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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Masonite International Interest Expense Chart

Masonite International Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-41.84

-38.48

-40.82

-39.02

-46.60

Masonite International 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															-13.31	-12.45	-11.16	-10.24	-11.06

Masonite International 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-45 Mil.

Masonite International (FRA:MII) 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.

Masonite International's Interest Expense for the three months ended in Mar. 2024 was €-11 Mil. Its Operating Income for the three months ended in Mar. 2024 was €12 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €1,165 Mil.

Masonite International's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	11.8	/	-11.06
	=	1.07

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

Masonite International (FRA:MII) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Masonite International Corp (FRA:MII) » Definitions » Interest Expense

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DOOR:USA

Address

2771 Rutherford Road, Concord, ON, CAN, L4K 2N6

Website

http://www.masonite.com

Masonite International Corp is engaged in designing, manufacturing, marketing and distributing interior and exterior doors for the new construction and repair, renovation and remodeling sectors of the residential and non-residential building construction markets. Its product categories include interior molded residential doors, interior stile and rail residential doors, exterior fibreglass residential doors, exterior steel residential doors, interior architectural wood doors, wood veneers and molded door facings and door core. The company operates its manufacturing and distribution facilities in seven countries in North America, Europe, South America and Asia.

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