Hennessy Advisors (Hennessy Advisors) Interest Expense : $-2.27 Mil (TTM As of Mar. 2024)

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What is Hennessy Advisors Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hennessy Advisors's interest expense for the three months ended in Mar. 2024 was $ -0.57 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-2.27 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. Hennessy Advisors's Operating Income for the three months ended in Mar. 2024 was $ 1.92 Mil. Hennessy Advisors's Interest Expense for the three months ended in Mar. 2024 was $ -0.57 Mil. Hennessy Advisors's Interest Coverage for the quarter that ended in Mar. 2024 was 3.38. 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.

Hennessy Advisors Interest Expense Historical Data

The historical data trend for Hennessy Advisors'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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Hennessy Advisors Interest Expense Chart

Hennessy Advisors Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-1.08

-0.45

-2.12

-2.26

Hennessy Advisors Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.56	-0.57	-0.57	-0.57	-0.57

Hennessy Advisors 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.27 Mil.

Hennessy Advisors (NAS:HNNA) 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.

Hennessy Advisors's Interest Expense for the three months ended in Mar. 2024 was $-0.57 Mil. Its Operating Income for the three months ended in Mar. 2024 was $1.92 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $40.18 Mil.

Hennessy Advisors's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	1.919	/	-0.568
	=	3.38

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

Hennessy Advisors (Hennessy Advisors) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Hennessy Advisors Inc (NAS:HNNA) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

7250 Redwood Boulevard, Suite 200, Novato, CA, USA, 94945

Website

https://www.hennessyadvisors.com

Hennessy Advisors Inc is an investment management company, engaged in the managing and marketing of open-end mutual funds branded as the Hennessy Funds. It offers domestic equity, sectors, and specialty, balanced and fixed income products. It provides investment advisory services and shareholder services to the Hennessy Funds. Its investment advisory services include managing the composition of each fund's portfolio, including the purchase, retention, and disposition of portfolio securities in accordance with the Fund's investment objectives, policies, and restrictions; conducting investment research, and monitoring compliance with each fund's investment restrictions and applicable laws and regulations.

Executives

Neil J Hennessy	director, 10 percent owner, officer: President and CEO	7250 REDWOOD BLVD., SUITE 200, NOVATO CA 94945
Kiera Newton	director	7250 REDWOOD BLVD., SUITE 200, NOVATO CA 94945
Knight Oriordan Lydia D	director	7240 REDWOOD BLVD., SUITE 200, NOVATO CA 94945
Rodger Offenbach	director	7250 REDWOOD BLVD, SUITE 200, NOVATO CA 94945
Daniel B Steadman	director, officer: Executive Vice President	7250 REDWOOD BLVD., SUITE 200, NOVATO CA 94945
Brian A Hennessey	director	7250 REDWOOD BLVD, SUITE 200, NOVATO CA 94945
Teresa M Nilsen	director, officer: EVP, CFO and Secretary	7250 REDWOOD BLVD., SUITE 200, NOVATO CA 94945
Thomas L Seavey	director	7250 REDWOOD BLVD., SUITE 200, NOVATO CA 94945
Kathryn Fahy	officer: SVP and CFO	7250 REDWOOD BOULEVARD, SUITE 200, NOVATO CA 94945
Susan Weber Pomilia	director	7250 REDWOOD BLVD, SUITE 200, NOVATO CA 94945
Daniel G Libarie	director	7250 REDWOOD BLVD, SUITE 200, NOVATO CA 94945
Charles W Bennett	director	700 IRWIN STREET, SAN RAFAEL CA 94901-3300
Henry Hansel	director	7250 REDWOOD BLVD, SUITE 200, NOVATO CA 94945