Photronics (FRA:PQ2) Interest Expense : €-0.4 Mil (TTM As of Jan. 2024)

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What is Photronics Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Photronics's interest expense for the three months ended in Jan. 2024 was € -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was €-0.4 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. Photronics's Operating Income for the three months ended in Jan. 2024 was € 52.8 Mil. Photronics's Interest Expense for the three months ended in Jan. 2024 was € -0.1 Mil. Photronics's Interest Coverage for the quarter that ended in Jan. 2024 was 635.84. 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.

Photronics Interest Expense Historical Data

The historical data trend for Photronics'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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Photronics Interest Expense Chart

Photronics Annual Data

Trend

Oct14

Oct15

Oct16

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Oct19

Oct20

Oct21

Oct22

Oct23

Interest Expense

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-1.29

-2.01

-1.45

-1.89

-0.41

Photronics Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Expense	Get a 7-Day Free Trial															-0.06	-0.12	-0.11	-0.10	-0.08

Photronics 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-0.4 Mil.

Photronics (FRA:PQ2) 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.

Photronics's Interest Expense for the three months ended in Jan. 2024 was €-0.1 Mil. Its Operating Income for the three months ended in Jan. 2024 was €52.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was €2.4 Mil.

Photronics's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jan. 2024 )	/	Interest Expense (Q: Jan. 2024 )
	=	-1	*	52.775	/	-0.083
	=	635.84

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. Photronics Inc has enough cash to cover all of its debt. Its financial situation is stable.

Photronics (FRA:PQ2) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Photronics Inc (FRA:PQ2) » Definitions » Interest Expense

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PLAB:USA

Address

15 Secor Road, Brookfield, CT, USA, 06804

Website

https://www.photronics.com

Photronics Inc is a U.S.-based company that is principally engaged in manufacturing photomasks. The photomasks are photographic quartz plates that contain microscopic images of electronic circuits that are used as a component in the manufacture of integrated circuits and flat-panel displays. The revenue from products designed for integrated circuits production accounts for the majority of total revenue, with the rest derived from products for flat-panel display production. The company's assets are located in Taiwan, Korea, and the United States. It generates revenue worldwide, including in the United States, Europe, Taiwan, Korea, China, and elsewhere in Asia, with Taiwan contributing the majority of total revenue.

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