AZZ (AZZ) Interest Expense

: $-109 Mil (TTM As of Nov. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AZZ's interest expense for the three months ended in Nov. 2023 was $ -26 Mil. Its interest expense for the trailing twelve months (TTM) ended in Nov. 2023 was $-109 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. AZZ's Operating Income for the three months ended in Nov. 2023 was $ 53 Mil. AZZ's Interest Expense for the three months ended in Nov. 2023 was $ -26 Mil. AZZ's Interest Coverage for the quarter that ended in Nov. 2023 was 2.04. 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.

AZZ Interest Expense Historical Data

The historical data trend for AZZ'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.

AZZ Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Interest Expense

-14.97

-13.46

-9.46

-6.36

-88.80

AZZ Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Interest Expense																-26.12	-27.06	-28.71	-27.77	-25.86

AZZ 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 Nov. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-109 Mil.

AZZ (NYSE:AZZ) 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.

AZZ's Interest Expense for the three months ended in Nov. 2023 was $-26 Mil. Its Operating Income for the three months ended in Nov. 2023 was $53 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Nov. 2023 was $997 Mil.

AZZ's Interest Coverage for the quarter that ended in Nov. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Nov. 2023 )	/	Interest Expense (Q: Nov. 2023 )
	=	-1	*	52.824	/	-25.855
	=	2.04

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

AZZ (AZZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » AZZ Inc (NYSE:AZZ) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

AI7:Germany

Address

3100 West 7th Street, Suite 500, One Museum Place, Fort Worth, TX, USA, 76107

Website

https://www.azz.com

AZZ Inc is a provider of galvanizing and a variety of metal coating solutions and coil coating solutions to a broad range of end markets in North America. In its Metal Coatings segment, the company offers metal finishing services to protect against corrosion, such as hot dip galvanizing, spin galvanizing, powder coating, anodizing, and plating. The Precoat Metals Segment offers aesthetic and corrosion-resistant coatings for steel and aluminum coils.

Executives

Tiffany Moseley	officer: Chief Accounting Officer	ONE MUSEUM PLACE, 3100 WEST 7TH STREET, SUITE 500, FORT WORTH TX 76107
Ken Lavelle	officer: President & GM - Electrical	ONE MUSEUM PLACE, 3100 W. 7TH STREET, SUITE 500, FORT WORTH TX 76107
Kurt L. Russell	officer: COO - Precoat Metals	ONE MUSEUM PLACE, 3100 WEST 7TH STREET, SUITE 500, FORT WORTH TX 76107
Philip A Schlom	officer: VP, Chief Accounting Officer	C/O PARKER DRILLING COMPANY, 5 GREENWAY PLAZA, SUITE 100, HOUSTON TX 77046
Thomas E Ferguson	director, officer: President and CEO	ONE MUSEUM PLACE, SUITE 500, 3100 WEST 7TH STREET, FORT WORTH TX 76107
David Kaden	director	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Tara D Mackey	officer: VP Chief Legal Officer	ONE MUSEUM PLACE, SUITE 500, 3100 WEST 7TH STREET, FORT WORTH TX 76116
Bryan Lee Stovall	officer: SVP - Metal Coatings	ONE MUSEUM PLACE, SUITE 500, 3100 WEST 7TH STREET, FORT WORTH TX 76107
Clive A Grannum	director	OLIN CORPORATION, 190 CARONDELET PLAZA, SUITE 1530, CLAYTON MO 63105
Carol R Jackson	director	777 E. WISCONSIN AVENUE, MILWAUKEE WI 53202
Gary L. Hill	officer: President & GM-Industrial	ONE MUSEUM PLACE, 3100 W. 7TH STREET, SUITE 500, FORT WORTH TX 76107
Michael Doucet	officer: SVP - Alternative Coatings	ONE MUSEUM PLACE, 3100 W. 7TH STREET, SUITE 500, FORT WORTH TX 76107
Kevern R Joyce	director	ONE MUSEUM PLACE, SUITE 500, 3100 WEST 7TH STREET, FORT WORTH TX 76107
Paul Wesley Fehlman	other: Finance	ONE MUSEUM PLACE, SUITE 500, 3100 WEST 7TH STREET, FORT WORTH TX 76107
Matthew Varley Emery	officer: VP CHIEF INFORMATION OFFICER	ONE MUSEUM PLACE, SUITE 500, 3100 WEST 7TH STREET, FORT WORTH TX 76107