Kimball Electronics (Kimball Electronics) Interest Expense : $-22 Mil (TTM As of Dec. 2023)

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What is Kimball Electronics Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kimball Electronics's interest expense for the three months ended in Dec. 2023 was $ -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-22 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. Kimball Electronics's Operating Income for the three months ended in Dec. 2023 was $ 17 Mil. Kimball Electronics's Interest Expense for the three months ended in Dec. 2023 was $ -6 Mil. Kimball Electronics's Interest Coverage for the quarter that ended in Dec. 2023 was 2.71. 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.

Kimball Electronics Interest Expense Historical Data

The historical data trend for Kimball Electronics'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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Kimball Electronics Interest Expense Chart

Kimball Electronics Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-4.07

-4.42

-2.17

-2.66

-16.26

Kimball Electronics 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															-4.05	-4.82	-5.47	-5.45	-6.14

Kimball Electronics 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 $-22 Mil.

Kimball Electronics (NAS:KE) 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.

Kimball Electronics's Interest Expense for the three months ended in Dec. 2023 was $-6 Mil. Its Operating Income for the three months ended in Dec. 2023 was $17 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $235 Mil.

Kimball Electronics'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	*	16.61	/	-6.137
	=	2.71

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

Kimball Electronics (Kimball Electronics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kimball Electronics Inc (NAS:KE) » Definitions » Interest Expense

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Traded in Other Exchanges

3C3:Germany

Address

1205 Kimball Boulevard, Jasper, IN, USA, 47546

Website

https://www.kimballelectronics.com

Kimball Electronics Inc is a contract electronic manufacturing services company. The company is engaged in producing durable electronics for the automotive, medical, industrial, and public safety end markets. The company's engineering, manufacturing, and supply chain services utilize common production and support capabilities. It is also engaged in producing safety-critical electronic assemblies for its automotive customers. Geographically, it derives a majority of revenue from the United States.

Executives

Richard D Phillips	officer: CEO	1205 KIMBALL BLVD., JASPER IN 47546
Tom George Vadaketh	director	1727 JOCKEYS WAY, YARDLEY PA 19067
Isabel S Wells	officer: CIO	1205 KIMBALL BLVD., JASPER IN 47546
Douglas Hass	officer: CL&CO, Secretary	1205 KIMBALL BLVD., JASPER IN 47546
John H Kahle	officer: VICE PRESIDENT	1205 KIMBALL BLVD., JASPER IN 47546
Adam M Baumann	officer: Corporate Controller	1205 KIMBALL BLVD., JASPER IN 47546
Jana T Croom	officer: Vice President, Finance	1205 KIMBALL BLVD., JASPER IN 47546
Leroy W Kemper	officer: Vice President	1205 KIMBALL BLVD, JASPER IN 47546
Michele Holcomb	director	7000 CARDINAL PLACE, DUBLIN OH 43017
Deursen Holly Van	director	21211 NORDHOFF STREET, CHATSWORTH CA 91311
Robert J Phillippy	director
Kathy R Thomson	officer: Vice President	1205 KIMBALL BLVD, JASPER IN 47546
Desiree L. Castillejos	officer: Vice President	1205 KIMBALL BLVD, JASPER IN 47546
Jessica L Delorenzo	officer: Vice President	1205 KIMBALL BLVD, JASPER IN 47546
Repplier Colleen C	director	1205 KIMBALL BLVD., JASPER IN 47546