Moog (MOG.B) Interest Expense : $-70 Mil (TTM As of Mar. 2024)

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What is Moog Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Moog's interest expense for the three months ended in Mar. 2024 was $ -18 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-70 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. Moog's Operating Income for the three months ended in Mar. 2024 was $ 113 Mil. Moog's Interest Expense for the three months ended in Mar. 2024 was $ -18 Mil. Moog's Interest Coverage for the quarter that ended in Mar. 2024 was 6.30. 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.

Moog Interest Expense Historical Data

The historical data trend for Moog'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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Moog Interest Expense Chart

Moog Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-39.27

-38.90

-33.89

-36.76

-63.58

Moog 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															-14.96	-17.26	-18.23	-16.69	-18.00

Moog 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 $-70 Mil.

Moog (NYSE:MOG.B) 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.

Moog's Interest Expense for the three months ended in Mar. 2024 was $-18 Mil. Its Operating Income for the three months ended in Mar. 2024 was $113 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $949 Mil.

Moog'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	*	113.435	/	-18.003
	=	6.30

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

Moog (MOG.B) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Moog Inc (NYSE:MOG.B) » Definitions » Interest Expense

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Traded in Other Exchanges

MOG.A:USA MO7R:Germany MO7A:Germany MO7A:Germany

Address

400 Jamison Road, East Aurora, New York, NY, USA, 14052-0018

Website

https://www.moog.com

Moog Inc is a manufacturer of precision motion and fluid controls systems for the aerospace and defense markets. It has a diversified product range and operates in three segments: Aircraft Controls, Space and Defense Controls, and Industrial Systems. The company has a wide sales and marketing reach with sales staff being the main contact with customers. Additionally, it will use manufacturers' representatives and distributors to market in certain segments. Sales under United States government contracts represent approximately one third of total revenue. Although over half of total sales originate in the United States, the company serves many European and Asian nations.