Great Lakes Dredge & Dock (Great Lakes Dredge & Dock) Interest Expense : $-12.1 Mil (TTM As of Dec. 2023)

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What is Great Lakes Dredge & Dock Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Great Lakes Dredge & Dock's interest expense for the three months ended in Dec. 2023 was $ -2.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-12.1 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. Great Lakes Dredge & Dock's Operating Income for the three months ended in Dec. 2023 was $ 23.3 Mil. Great Lakes Dredge & Dock's Interest Expense for the three months ended in Dec. 2023 was $ -2.8 Mil. Great Lakes Dredge & Dock's Interest Coverage for the quarter that ended in Dec. 2023 was 8.26. 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.

Great Lakes Dredge & Dock Interest Expense Historical Data

The historical data trend for Great Lakes Dredge & Dock'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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Great Lakes Dredge & Dock Interest Expense Chart

Great Lakes Dredge & Dock Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-25.29

-24.97

-21.60

-14.11

-12.14

Great Lakes Dredge & Dock 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															-3.11	-3.39	-3.18	-2.76	-2.82

Great Lakes Dredge & Dock 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 $-12.1 Mil.

Great Lakes Dredge & Dock (NAS:GLDD) 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.

Great Lakes Dredge & Dock's Interest Expense for the three months ended in Dec. 2023 was $-2.8 Mil. Its Operating Income for the three months ended in Dec. 2023 was $23.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $473.5 Mil.

Great Lakes Dredge & Dock'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	*	23.279	/	-2.818
	=	8.26

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

Great Lakes Dredge & Dock (Great Lakes Dredge & Dock) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Great Lakes Dredge & Dock Corp (NAS:GLDD) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

5GL:Germany

Address

9811 Katy Freeway, Suite 1200, Houston, TX, USA, 77024

Website

https://www.gldd.com

Great Lakes Dredge & Dock Corp is a provider of dredging services in the United States. Dredging involves the enhancement or preservation of navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand or rock. Its projects portfolio includes Coastal Restoration, Coastal Protection, Ports and Harbors, International, and Inland Dredging.

Executives

Ryan Levenson	director	2396 DELLWOOD DRIVE, ATLANTA GA 30305
Lasse Petterson	director, officer: CEO & President	2103 RESEARCH FOREST DRIVE THE WOODLANDS TX 77380
David E Simonelli	officer: Chief Operating Officer	C/O GREAT LAKES DREDGE & DOCK CORPORATIO 2122 YORK ROAD OAK BROOK IL 60523
Lawrence R Dickerson	director	15415 KATY FREEWAY STE 100, HOUSTON TX 77094
Kathleen Mackie Lavoy	officer: SVP & Chief Legal Officer	C/O GREAT LAKES DREDGE & DOCK CORP. 2122 YORK ROAD OAK BROOK IL 60523
D Michael Steuert	director	C/O FLUOR CORP, ONE ENTERPRISE DR, ALISO VIEJO CA 92656
Ronald Steger	director	13710 OASIS TERRACE, LAKEWOOD RANCH FL 34202
Kathleen M Shanahan	director	24301 WALDEN CENTER DRIVE, BONITA SPRINGS FL 34134
Michael Joseph Walsh	director	C/O GREAT LAKES DREDGE & DOCK CORP 2122 YORK ROAD OAK BROOK IL 60523
Mark W. Marinko	officer: Chief Financial Officer	C/O GREAT LAKES DREDGE & DOCK CORP., 2122 YORK ROAD, SUITE 200, OAK BROOK IL 60523
Annette W Cyr	officer: Chief HR & Admin Officer	C/O BRIGHTPOINT., INC. 7635 INTERACTIVE WAY, SUITE 200 INDIANAPOLIS IN 46278
Carl A Albert	director	C/O BOISE INC., 1111 WEST JEFFERSON STREET, SUITE 200, BOISE ID 83702-5388
Robert B Uhler	director	C/O GREAT LAKES DREDGE & DOCK CORP. 2122 YORK ROAD, SUITE 200 OAK BROOK IL 60523
Jason Weiss	director	C/O BOISE INC. 1111 WEST JEFFERSON STREET, SUITE 200 BOISE ID 83702-5388
Christopher P Shea	officer: President - E&I Division	C/O GREAT LAKES DREDGE & DOCK CORP. 2122 YORK ROAD OAK BROOK IL 60523