Astronics (Astronics) Interest Expense

: $-23.3 Mil (TTM As of Dec. 2023)

View and export this data going back to 1984. Start your Free Trial

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Astronics's interest expense for the three months ended in Dec. 2023 was $ -5.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-23.3 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. Astronics's Operating Income for the three months ended in Dec. 2023 was $ 7.8 Mil. Astronics's Interest Expense for the three months ended in Dec. 2023 was $ -5.9 Mil. Astronics's Interest Coverage for the quarter that ended in Dec. 2023 was 1.31. 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.

Astronics Interest Expense Historical Data

The historical data trend for Astronics'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.

Astronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-6.14

-6.74

-6.80

-9.42

-23.33

Astronics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-3.61	-5.47	-5.92	-5.99	-5.95

Astronics 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 $-23.3 Mil.

Astronics (NAS:ATRO) 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.

Astronics's Interest Expense for the three months ended in Dec. 2023 was $-5.9 Mil. Its Operating Income for the three months ended in Dec. 2023 was $7.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $183.6 Mil.

Astronics'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	*	7.782	/	-5.947
	=	1.31

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

Astronics (Astronics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Astronics Corp (NAS:ATRO) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ATROB:USA AC1:Germany AC1:Germany

Address

130 Commerce Way, East Aurora, NY, USA, 14052

Website

https://www.astronics.com

Astronics Corp supplies products to the aerospace, defense, and other industries. The company has two reportable segments namely Aerospace and Test Systems. The aerospace segment serves three primary markets: military, commercial transport and business jet markets. Test Systems segment serves the aerospace, defense, and semiconductor markets. The company generates a majority of its revenue from the Aerospace segment. Geographically, it generates a majority of its revenue from the United States.

Executives

Robert S Keane	director, 10 percent owner	CIMPRESS PLC, 275 WYMAN STREET, WALTHAM MA 02451
Linda O'brien	director	6124 FOREST HIGHLANDS DR., FORT WORTH TX 76132
Warren C Johnson	director	P.O. BOX 189, 13133 BEAR ROAD, WALES CENTER NY 14169
Nancy L Hedges	officer: Principal Accounting Officer	130 COMMERCE WAY, EAST AURORA NY 14052
Jeffry D Frisby	director	C/O QUAKER CHEMICAL CORPORATION, ONE QUAKER PARK, 901 HECTOR STREET, CONSHOHOCKEN PA 19428
James Mulato	other: Pres Astronics Test Systems	4 GOODYEAR, IRVINE CA 92677
Mark Peabody	officer: VP Astronics Advanced Electron	130 COMMERCE WAY, EAST AURORA NY 14052
Tonit M Calaway	director	HARLEY-DAVIDSON MOTOR COMPANY, 3700 WEST JUNEAU AVENUE, MILWAUKEE WI 53208
David C Burney	officer: VP-Finance, Treasurer	130 COMMERCE WAY, EAST AURORA NY 14052
Michael C Kuehn	officer: Executive Vice President	130 COMMERCE WAY, EAST AURORA NY 14052
Mark J Moran	director	1600 SMITH STREET, HQSEO, HOUSTON TX 77002
James S Kramer	officer: VP Luminescent Systems, Inc.	130 COMMERCE WAY, EAST AURORA NY 14052
Peter J Gundermann	director	130 COMMERCE WAY, EAST AURORA NY 14052
Robert J Mckenna	director	38 QUARTERMASTER DRIVE, SALEM SC 29676
5096 Saranac Llc	10 percent owner	1801 ELMWOOD AVENUE, SUITE 1, BUFFALO NY 14207-2463