GMS (GMS) Interest Expense : $-75 Mil (TTM As of Jan. 2024)

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What is GMS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. GMS's interest expense for the three months ended in Jan. 2024 was $ -19 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was $-75 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. GMS's Operating Income for the three months ended in Jan. 2024 was $ 86 Mil. GMS's Interest Expense for the three months ended in Jan. 2024 was $ -19 Mil. GMS's Interest Coverage for the quarter that ended in Jan. 2024 was 4.59. 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.

GMS Interest Expense Historical Data

The historical data trend for GMS'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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GMS Interest Expense Chart

GMS Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Interest Expense

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-73.68

-67.72

-53.79

-58.10

-65.84

GMS 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															-16.94	-18.18	-18.91	-18.74	-18.78

GMS 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 $-75 Mil.

GMS (NYSE:GMS) 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.

GMS's Interest Expense for the three months ended in Jan. 2024 was $-19 Mil. Its Operating Income for the three months ended in Jan. 2024 was $86 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was $1,129 Mil.

GMS'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	*	86.225	/	-18.784
	=	4.59

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

GMS (GMS) Business Description

Industry

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

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Traded in Other Exchanges

CLG:Germany

Address

100 Crescent Centre Parkway, Suite 800, Tucker, GA, USA, 30084

Website

https://www.gms.com

GMS Inc is a distributor of specialty building products including wallboard, suspended ceilings systems, or ceilings, steel framing, and other complementary building products. The company serves its products to commercial new construction, commercial repair and remodel, residential new construction, and residential repair and remodel (R&R). Its geographical segment is Central, Midwest, Northeast, Southern, Southeast, Western, and Canada. The company generates maximum revenue from Wallboard products and geographically from the United States.

Executives

George T Hendren	officer: Chief Operating Officer	100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084
Craig D Apolinsky	officer: VP, GC & Corporate Secretary	GMS INC., 100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084
J David Smith	director	GMS INC., 100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084
John J Gavin	director	GMS INC., 100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084
William Forrest Bell	officer: Chief Accounting Officer	1001 SUMMIT BLVD, NE, ATLANTA GA 30319
Scott M Deakin	officer: VP, Chief Financial Officer	123 MAIN STREET, BRISTOL CT 06011-2185
Coliseum Capital Management, Llc	10 percent owner	105 ROWAYTON AVENUE, ROWAYTON CT 06853
Theron I Gilliam	director	GMS INC., 100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084
Turner John C Jr	officer: President	1009 WIMBERLY COURT, ALLEN TX 75013-1195
Peter C Browning	director	GMS INC., 100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084
Leigh R Dobbs	officer: Chief Human Resources Officer	100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084
Coliseum Capital Co-invest Iii, L.p.	10 percent owner	105 ROWAYTON AVENUE, ROWAYTON CT 06853
Adam Gray	10 percent owner	105 ROWAYTON AVENUE, ROWAYTON CT 06853
Christopher S Shackelton	10 percent owner	105 ROWAYTON AVENUE, ROWAYTON CT 06853
Coliseum Capital, Llc	10 percent owner	105 ROWAYTON AVENUE, ROWAYTON CT 06853