Masco (MAS) Interest Expense : $-103 Mil (TTM As of Mar. 2024)

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What is Masco Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Masco's interest expense for the three months ended in Mar. 2024 was $ -25 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-103 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. Masco's Operating Income for the three months ended in Mar. 2024 was $ 318 Mil. Masco's Interest Expense for the three months ended in Mar. 2024 was $ -25 Mil. Masco's Interest Coverage for the quarter that ended in Mar. 2024 was 12.72. 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.

Masco Interest Expense Historical Data

The historical data trend for Masco'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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Masco Interest Expense Chart

Masco Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-159.00

-144.00

-278.00

-108.00

-106.00

Masco 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															-28.00	-28.00	-26.00	-24.00	-25.00

Masco 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 $-103 Mil.

Masco (NYSE:MAS) 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.

Masco's Interest Expense for the three months ended in Mar. 2024 was $-25 Mil. Its Operating Income for the three months ended in Mar. 2024 was $318 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $3,197 Mil.

Masco'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	*	318	/	-25
	=	12.72

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

Masco (MAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Masco Corp (NYSE:MAS) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MAS:Mexico MSQ:Germany MSQ:Germany

Address

17450 College Parkway, Livonia, MI, USA, 48152

Website

https://www.masco.com

Masco manufactures a variety of home improvement and building products. The company's $5.3 billion plumbing segment, led by the Delta and Hansgrohe brands, sells faucets, showerheads, and other related plumbing fixtures and components. The $3.4 billion decorative architectural segment primarily sells paints and other coatings under the Behr and Kilz brands, but it also sells builder hardware and lighting products.

Executives

Kenneth G. Cole	officer: VP, General Counsel and Sec.	17450 COLLEGE PARKWAY, LIVONIA MI 48152
Jai Shah	officer: VP - Chief HR Officer	17450 COLLEGE PARKWAY, LIVONIA MI 48152
Richard J. Westenberg	officer: VP and CFO	17450 COLLEGE PARKWAY, LIVONIA MI 48152
Donald R Parfet	director	C/O 350 E MICHIGAN AVENUE STE 500, APJOHN GROUP LLC, KALAMAZOO MI 49007
Renee Straber	officer: VP - Chief HR Officer	17450 COLLEGE PARKWAY, LIVONIA MI 48152
Keith J. Allman	director, officer: President and CEO	17450 COLLEGE PARKWAY, LIVONIA MI 48152
Reddy Sandeep	director	C/O GUESS?, INC., 1444 SOUTH ALAMEDA STREET, LOS ANGELES CA 90021
David A. Chaika	officer: Interim CFO	17450 COLLEGE PARKWAY, LIVONIA MI 48152
Jonathon Nudi	director	GENERAL MILLS, INC., ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
John G Sznewajs	officer: VP Corp. Development&Treasurer	17450 COLLEGE PARKWAY, LIVONIA MI 48152
Imran Ahmad	officer: Group President	17450 COLLEGE PARKWAY, LIVONIA MI 48152
Turner Reginald M Jr	director	500 WOODWARD AVE, SUITE 3500, DETROIT MI 48226
Stevens Charles K. Iii	director	300 RENAISSANCE CENTER, M/C: 482-C25-A36, DETROIT MI 48265-3000
Aine Denari	director	C/O BRUNSWICK CORPORATION, 26125 N. RIVERWOODS BLVD. #500, METTAWA IL 60045
Robin L Zondervan	officer: VP, Controller and CAO	901 44TH STREET SE, GRAND RAPIDS MI 49508