Legacy Housing (Legacy Housing) Interest Expense : $-0.9 Mil (TTM As of Dec. 2023)

View and export this data going back to 2018. Start your Free Trial

What is Legacy Housing Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Legacy Housing's interest expense for the three months ended in Dec. 2023 was $ -0.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.9 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. Legacy Housing's Operating Income for the three months ended in Dec. 2023 was $ 9.7 Mil. Legacy Housing's Interest Expense for the three months ended in Dec. 2023 was $ -0.3 Mil. Legacy Housing's Interest Coverage for the quarter that ended in Dec. 2023 was 28.42. 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.

Legacy Housing Interest Expense Historical Data

The historical data trend for Legacy Housing'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.

* Premium members only.

Legacy Housing Interest Expense Chart

Legacy Housing Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-0.70

-1.05

-0.89

-0.38

-0.93

Legacy Housing 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															-0.05	-0.09	-0.20	-0.30	-0.34

Legacy Housing 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 $-0.9 Mil.

Legacy Housing (NAS:LEGH) 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.

Legacy Housing's Interest Expense for the three months ended in Dec. 2023 was $-0.3 Mil. Its Operating Income for the three months ended in Dec. 2023 was $9.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $25.1 Mil.

Legacy Housing'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	*	9.72	/	-0.342
	=	28.42

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

Legacy Housing (Legacy Housing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Legacy Housing Corp (NAS:LEGH) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

1600 Airport Freeway, Suite No. 100, Bedford, TX, USA, 76022

Website

https://www.legacyhousingcorp.com

Legacy Housing Corp builds, sell, and finance manufactured homes and tiny houses that are distributed through a network of independent retailers and company-owned stores and also sold directly to manufactured home communities. The company also provides financing options to customers to facilitate the sale of homes.

Executives

Curtis Drew Hodgson	director, 10 percent owner, officer: Co-Chief Executive Officer	15400 KNOLL TRAIL STE 101 LB 25, DALLAS TX 75248
Kenneth E Shipley	director, 10 percent owner, officer: Co-Chief Executive Officer	PO BOX 749, LEVELLAND TX 79336
William G Shipley	10 percent owner	C/O LEGACY HOUSING CORPORATION, 1600 AIRPORT FREEWAY, #100, BEDFORD TX 76022
Robert Duncan Bates	director	C/O LEGACY HOUSING CORPORATION, 1600 AIRPORT FREEWAY, #100, BEDFORD TX 76022
Douglas M Shipley	10 percent owner	PO BOX 749, LEVELLAND TX 79336
Jeffrey Mark Fiedelman	officer: CFO	7026 BAXTERSHIRE DRIVE, DALLAS TX 75230
Jeffrey V Burt	officer: CFO and Treasurer	C/O LEGACY HOUSING CORPORATION, 1600 AIRPORT FREEWAY, #100, BEDFORD TX 76022
Francisco Javier Coll	director	C/O LEGACY HOUSING CORPORATION, 1600 AIRPORT FREEWAY, #100, BEDFORD TX 76022
Ronald Carter Arrington	officer: CFO	C/O LEGACY HOUSING CORPORATION, 1600 AIRPORT FREEWAY, #100, BEDFORD TX 76022
Joseph Phillip Lane	director	C/O LEGACY HOUSING CORPORATION, 1600 AIRPORT FREEWAY, #100, BEDFORD TX 76022
Jeffrey Kyle Stouder	director	C/O LEGACY HOUSING CORPORATION, 1600 AIRPORT FREEWAY, #100, BEDFORD TX 76022
Stephen Lynn Crawford	director	C/O LEGACY HOUSING CORPORATION, 1600 AIRPORT FREEWAY, #100, BEDFORD TX 76022
Neal J Suit	officer: Exec VP, GC and Secretary	C/O LEGACY HOUSING CORPORATION, 1600 AIRPORT FREEWAY, #100, BEDFORD TX 76022
Mark E Bennett	director	C/O LEGACY HOUSING CORPORATION, 1600 AIRPORT FREEWAY, #100, BEDFORD TX 76022
Philip Thomas Blazek	director	500 CRESCENT COURT, SUITE 230, DALLAS TX 75201