Coherent (Coherent) Interest Expense

: $-302 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Coherent's interest expense for the three months ended in Dec. 2023 was $ -75 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-302 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. Coherent's Operating Income for the three months ended in Dec. 2023 was $ 30 Mil. Coherent's Interest Expense for the three months ended in Dec. 2023 was $ -75 Mil. Coherent's Interest Coverage for the quarter that ended in Dec. 2023 was 0.41. 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.

Coherent Interest Expense Historical Data

The historical data trend for Coherent'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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Coherent Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

-22.42

-89.41

-59.90

-121.25

-286.87

Coherent Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-70.90	-75.18	-78.90	-73.26	-74.68

Coherent 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 $-302 Mil.

Coherent (NYSE:COHR) 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.

Coherent's Interest Expense for the three months ended in Dec. 2023 was $-75 Mil. Its Operating Income for the three months ended in Dec. 2023 was $30 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $4,280 Mil.

Coherent'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	*	30.315	/	-74.678
	=	0.41

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

Coherent (Coherent) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Coherent Corp (NYSE:COHR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

H7B:Germany H7B:Germany

Address

375 Saxonburg Boulevard, Saxonburg, PA, USA, 16056

Website

https://www.ii-vi.com

Coherent Corp manufactures engineered materials, optoelectronic components and products used in industrial, optical communications, military, semiconductor, consumer, and life science applications. The firm operates in two segments Photonic Solutions Segment and Compound Semiconductors Segment. The Photonic Solutions Segment leverages II-VI's compound semiconductor technology platforms to deliver components and subsystems. The Compound Semiconductors Segment is a market leader in differentiated materials and devices.

Executives

Christopher Koeppen	officer: Chief Innovation Officer	C/O COHERENT CORP., 375 SAXONBURG BOULEVARD, SAXONBURG PA 16056
Howard H. Xia	director	C/O COHERENT CORP., 375 SAXONBURG BLVD, SAXONBURG PA 16056
Julie Sheridan Eng	officer: Chief Technology Officer	C/O COHERENT CORP., SAXONBURG PA 16056
Bashaw Walter Robert Ii	officer: General Counsel	C/O COHERENT CORP., 375 SAXONBURG BLVD, SAXONBURG PA 16056
Richard J. Martucci	officer: Interim CFO & Treasurer	C/O COHERENT CORP., 375 SAXONBURG BOULEVARD, SAXONBURG PA 16056
Elizabeth Patrick	director	6400 POPLAR AVE, MEMPHIS TN 38197
Michelle M Sterling	director	5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
Ilaria Mocciaro	officer: SVP, CAO and Corp Controller	2301 PATRIOT BLVD, GLENVIEW IL 60026
Mary Jane Raymond	officer: Chief Financial Officer	C/O COHERENT CORP., 375 SAXONBURG BLVD, SAXONBURG PA 16056
Ronald Basso	officer: Chief Legal & Compliance Off.	C/O COHERENT CORP., 375 SAXONBURG BLVD, SAXONBURG PA 16056
Mattera Vincent D Jr	officer: Vice President	C/O COHERENT CORP., 375 SAXONBURG BLVD, SAXONBURG PA 16056
David L Motley	director	517 AVONWORTH HEIGHTS DRIVE, PITTSBURGH PA 151237
Joseph J Corasanti	director	C/O COHERENT CORP., 375 SAXONBURG BLVD, SAXONBURG PA 16056
Francis J Kramer	director, officer: President & C.O.O.	C/O COHERENT CORP., 375 SAXONBURG BLVD, SAXONBURG PA 16056
Plc Barclays	10 percent owner	1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP