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Griffin Industrial Realty Inc  (NAS:GRIF) Interest Expense: $-5.43 Mil (TTM As of Aug. 2017)

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Griffin Industrial Realty Inc's interest expense for the three months ended in Aug. 2017 was $ -1.44 Mil. Its interest expense for the trailing twelve months (TTM) ended in Aug. 2017 was $-5.43 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. Griffin Industrial Realty Inc's Operating Income for the three months ended in Aug. 2017 was $ 3.19 Mil. Griffin Industrial Realty Inc's Interest Expense for the three months ended in Aug. 2017 was $ -1.44 Mil. Griffin Industrial Realty Inc's Interest Coverage for the quarter that ended in Aug. 2017 was 2.21. 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.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Griffin Industrial Realty Inc Annual Data

Nov07 Nov08 Nov09 Nov10 Nov11 Nov12 Nov13 Nov14 Nov15 Nov16
Interest Expense Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.53 -3.85 -3.53 -3.67 -4.55

Griffin Industrial Realty Inc Quarterly Data

Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17
Interest Expense Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.16 -1.23 -1.31 -1.44 -1.44

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 Aug. 2017 was -1.23 (Nov. 2016 ) + -1.313 (Feb. 2017 ) + -1.444 (May. 2017 ) + -1.443 (Aug. 2017 ) = $-5.43 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Griffin Industrial Realty Inc's Interest Expense for the three months ended in Aug. 2017 was $-1.44 Mil. Its Operating Income for the three months ended in Aug. 2017 was $3.19 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Aug. 2017 was $131.56 Mil.

Griffin Industrial Realty Inc's Interest Coverage for the quarter that ended in Aug. 2017 is calculated as

Interest Coverage=-1*Operating Income (Q: Aug. 2017 )/Interest Expense (Q: Aug. 2017 )
=-1*3.194/-1.443
=2.21

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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


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