RPM International (RPM International) Interest Expense : $-124 Mil (TTM As of Feb. 2024)

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What is RPM International Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. RPM International's interest expense for the three months ended in Feb. 2024 was $ -29 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was $-124 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. RPM International's Operating Income for the three months ended in Feb. 2024 was $ 100 Mil. RPM International's Interest Expense for the three months ended in Feb. 2024 was $ -29 Mil. RPM International's Interest Coverage for the quarter that ended in Feb. 2024 was 3.50. 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.

RPM International Interest Expense Historical Data

The historical data trend for RPM 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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RPM International Interest Expense Chart

RPM International Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Interest Expense

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-102.39

-101.00

-85.40

-87.93

-119.02

RPM International Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial															-30.76	-33.63	-31.82	-30.35	-28.53

RPM 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-124 Mil.

RPM International (NYSE:RPM) 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.

RPM International's Interest Expense for the three months ended in Feb. 2024 was $-29 Mil. Its Operating Income for the three months ended in Feb. 2024 was $100 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was $2,465 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2024 )	/	Interest Expense (Q: Feb. 2024 )
	=	-1	*	99.802	/	-28.527
	=	3.50

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

RPM International (RPM International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » RPM International Inc (NYSE:RPM) » Definitions » Interest Expense

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RP8:Germany RP8:Germany

Address

2628 Pearl Road, P.O. Box 777, Medina, OH, USA, 44256

Website

https://www.rpminc.com

RPM International Inc manufactures and sells a variety of paints, coatings, and adhesives. The firm organizes itself into four segments based on product type. The construction products group sells coatings, roofing, insulation, and other products to distributers, contractors, and end consumers globally. The performance coatings group produces coatings that are used in construction and industrial applications like floorings and corrosion control. The consumer group sells paint, finishes, and similar products to individual consumers through hardware and craft stores. The specialty products group sells a variety of products ranging from niche applications of the other groups, to marine finishes, to edible food colorings. The majority of revenue comes from North America.

Executives

Timothy R. Kinser	officer: VP-Operations	2628 PEARL ROAD, P.O. BOX 777, MEDINA OH 44258
Frederick R. Nance	director	2628 PEARL ROAD, P.O. BOX 777, MEDINA OH 44258
Frank C Sullivan	director, officer: President and CEO
Michael J. Laroche	officer: VP, Controller & CAO	2628 PEARL ROAD, P.O. BOX 777, MEDINA OH 44258
Edward W. Moore	officer: VP, Gen. Counsel & Secretary	2628 PEARL ROAD, P.O. BOX 777, MEDINA OH 44258
Matthew T Ratajczak	officer: VP-Global Tax and Treasurer	2628 PEARL ROAD, P.O. BOX 777, MEDINA OH 44258
Russell L Gordon	officer: VP and CFO	2628 PEARL ROAD, P.O. BOX 777, MEDINA OH 44258
Ellen M Pawlikowski	director	870 WINTER STREET, WALTHAM MA 02451
Elizabeth F Whited	director	1400 DOUGLAS ST, OMAHA NE 68179
Thomas Gross	director	DANAHER CORP, 2099 PENNSYLVANIA AVE NW 12TH FL, WASHINGTON DC 20006
David A. Daberko	director	C/O MARATHON PETROLEUM CORPORATION, 539 S. MAIN STREET, FINDLAY OH 45840
Michael Hobart Sullivan	officer: VP, Operations and CRO	2628 PEARL ROAD, P.O. BOX 777, MEDINA OH 44258
John M Ballbach	director
Kirkland B Andrews	director	C/O EVERGY, INC., 1200 MAIN STREET, KANSAS CITY MO 64105
Robert Livingston	director	C/O DOVER CORPORATION, 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515