EMCOR Group (EMCOR Group) Interest Expense

: $-17 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. EMCOR Group's interest expense for the three months ended in Dec. 2023 was $ -13 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-17 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. EMCOR Group's Operating Income for the three months ended in Dec. 2023 was $ 289 Mil. EMCOR Group's Interest Expense for the three months ended in Dec. 2023 was $ -13 Mil. EMCOR Group's Interest Coverage for the quarter that ended in Dec. 2023 was 22.98. 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.

EMCOR Group Interest Expense Historical Data

The historical data trend for EMCOR Group'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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EMCOR Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-13.82

-9.01

-6.07

-13.20

-17.20

EMCOR Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-6.97	-1.83	-2.69	-0.09	-12.59

EMCOR Group 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 $-17 Mil.

EMCOR Group (NYSE:EME) 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.

EMCOR Group's Interest Expense for the three months ended in Dec. 2023 was $-13 Mil. Its Operating Income for the three months ended in Dec. 2023 was $289 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $262 Mil.

EMCOR Group'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	*	289.196	/	-12.585
	=	22.98

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. EMCOR Group Inc has enough cash to cover all of its debt. Its financial situation is stable.

EMCOR Group (EMCOR Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » EMCOR Group Inc (NYSE:EME) » Definitions » Interest Expense

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EM4:Germany

Address

301 Merritt Seven, Norwalk, CT, USA, 06851-1092

Website

https://www.emcorgroup.com

EMCOR Group Inc is one of the largest electrical, mechanical, construction, and facilities services firms in the United States. It provides a wide range of services, including the installation of electrical distribution systems, voice & data communication systems, and environmental controls within buildings. The company's services are provided to a broad range of commercial, industrial, utility, and institutional customers. Emcor Group enters contracts for large installation projects in the multimillion-dollar range, or smaller projects involving renovations and retrofit work. It also operates as a subcontractor to general contractors, systems suppliers, and property managers. It generates sales primarily in the United States, but the company does offer services United kingdom.

Executives

R Kevin Matz	officer: SVP, Admin & Strategic Service	301 MERRITT SEVEN 6TH FLOOR, NORWALK CT 06851
Anthony Guzzi	officer: President & COO	301 MERRITT SEVEN, 6TH FLOOR, NORWALK CT 06851
Mark A Pompa	officer: SVP, CAO & Treasurer	301 MERRITT SEVEN 6TH FLOOR, NORWALK CT 06851
Maxine Lum Mauricio	officer: SVP and General Counsel	301 MERRITT SEVEN CORPORATE PARK, 6TH FL, C/O EMCOR GROUP INC., NORWALK CT 06851
Jason R Nalbandian	officer: SVP & Chief Accounting Officer	301 MERRITT SEVEN CORPORATE PARK, 6TH FL, C/O EMCOR GROUP, INC., NORWALK CT 06851
Rebecca A Weyenberg	director	1725 SHEPHERD RD, CHATTANOOGA TN 37421
Carol P Lowe	director	4311 BEULAH CHURCH ROAD, WEDDINGTON NC 28104
M Kevin Mcevoy	director	C/O OCEANEERING INTERNATIONAL INC, 11911 FM 529, HOUSTON TX 77041-3011
William P Reid	director	301 MERRITT SEVEN CORPORATE PARK, 6TH FL, C/O EMCOR GROUP, INC., NORWALK CT 06851
Hamm Richard F Jr	director	6370 OXBOW BEND, CHANHASSEN MN 55317
Ronald L Johnson	director	3344 PEACHTREE STREET NE, #3403, ATLANTA GA 30326
John W Altmeyer	director	946 HIGHMEADOW COURT, LANCASTER PA 17601
Brown David A B	director
Robin A Walker-lee	director	C/O TRW AUTOMOTIVE, 12001 TECH CENTER DRIVE, LIVONIA MI 48150
Jerry E Ryan	director	3201 EAST 65TH, TULSA OK 74136