Rush Enterprises (Rush Enterprises) Interest Expense : $-61 Mil (TTM As of Dec. 2023)

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What is Rush Enterprises Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Rush Enterprises's interest expense for the three months ended in Dec. 2023 was $ -16 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-61 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. Rush Enterprises's Operating Income for the three months ended in Dec. 2023 was $ 120 Mil. Rush Enterprises's Interest Expense for the three months ended in Dec. 2023 was $ -16 Mil. Rush Enterprises's Interest Coverage for the quarter that ended in Dec. 2023 was 7.36. 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.

Rush Enterprises Interest Expense Historical Data

The historical data trend for Rush Enterprises'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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Rush Enterprises Interest Expense Chart

Rush Enterprises Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-30.49

-9.73

-2.43

-19.76

-53.69

Rush Enterprises 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															-10.98	-12.24	-14.19	-16.28	-17.97

Rush Enterprises 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 $-61 Mil.

Rush Enterprises (NAS:RUSHA) 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.

Rush Enterprises's Interest Expense for the three months ended in Dec. 2023 was $-16 Mil. Its Operating Income for the three months ended in Dec. 2023 was $120 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $616 Mil.

Rush Enterprises'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	*	119.878	/	-16.279
	=	7.36

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

Rush Enterprises (Rush Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Rush Enterprises Inc (NAS:RUSHA) » Definitions » Interest Expense

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Traded in Other Exchanges

RUSHB:USA

Address

555 IH-35 South, Suite 500, New Braunfels, TX, USA, 78130

Website

https://www.rushenterprises.com

Rush Enterprises Inc is a full-service, integrated retailer of commercial vehicles and related services. The company operates in a single segment; Truck Segment includes the operation of a network of commercial vehicle dealerships under the name Rush Truck Centers. It sells commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, IC Bus, and Blue Bird and also provides one-stop service for the needs of commercial vehicle customers, including retail sales of new and used commercial vehicles, aftermarket parts sales, service and repair facilities, financing, leasing and rental, and insurance products. The company's business is concentrated in the United States commercial vehicle markets and related aftermarkets.

Executives

Rush William M Rusty	officer: President & COO	C/O RUSH ENTERPRISES INC, 555 IH 35 S., NEW BRAUFELS TX 78130
Steven L Keller	officer: Vice President & CFO	C/O RUSH ENTERPRISES, INC., P. O. BOX 34630, SAN ANTONIO TX 78265
Amy Boerger	director	2002 W WAHALLA LANE, PHOENIX AZ 85027
Jody Pollard	officer: Senior Vice President	555 IH 35 SOUTH, SUITE 500, NEW BRAUNFELS TX 78130
Michael L Goldstone	officer: VP, General Counsel & CS	555 IH 35 SOUTH, SUITE 500, NEW BRAUNFELS TX 78130
Scott T Anderson	officer: VP Finance & Insurance	C/O RUSH ENTERPRISES, INC., P. O. BOX 34630, SAN ANTONIO TX 78265
Michael Mcroberts	officer: Senior Vice President	P. O. BOX 34630, SAN ANTONIO TX 78265
Raymond Joseph Chess	director	1084 ANDANTE CT, OXFORD MI 48370
Derrek Weaver	officer: VP, Chief Compliance Officer, General Counsel	C/O RUSH ENTERPRISES, INC., P. O. BOX 34630, SAN ANTONIO TX 78265
Troy A Clarke	director	C/O FUEL SYSTEMS SOLUTIONS, INC., 780 THIRD AVE. 25TH FLOOR, NEW YORK NY 10017
James E Thor	officer: Senior V.P. of Retail Sales	C/O RUSH ENTERPRISES, INC., P. O. BOX 34630, SAN ANTONIO TX 78265
James C Underwood	director	C/O RUSH ENTERPRISES, INC., P. O. BOX 34630, SAN ANTONIO TX 78265
Elaine Mendoza	director	2223 POSTOAK COURT, SAN ANTONIO TX 78248
Richard J Ryan	officer: S.V.P. Navistar Dealerships	C/O RUSH ENTERPRISES, INC., P. O. BOX 34630, SAN ANTONIO TX 78265
Thomas A Akin	director	C/O RUSH ENTERPRISES, INC., P. O. BOX 34630, SAN ANTONIO TX 78265