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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. IES Holdings's interest expense for the three months ended in Dec. 2023 was $ -0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-2 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. IES Holdings's Operating Income for the three months ended in Dec. 2023 was $ 58 Mil. IES Holdings's Interest Expense for the three months ended in Dec. 2023 was $ -0 Mil. IES Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 177.23. 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.
The historical data trend for IES Holdings'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.
IES Holdings Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||||
Interest Expense | Get a 7-Day Free Trial | -1.54 | -0.63 | -0.76 | -2.77 | -2.75 |
IES Holdings 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 | -1.12 | -0.98 | -0.32 | -0.33 | -0.33 |
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 $-2 Mil.
* 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.
IES Holdings (NAS:IESC) Interest Expense Explanation
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. The higher, the better.Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
IES Holdings's Interest Expense for the three months ended in Dec. 2023 was $-0 Mil. Its Operating Income for the three months ended in Dec. 2023 was $58 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $42 Mil.
IES Holdings'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 | * | 57.954 | / | -0.327 | |
= | 177.23 |
* 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.
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Ben Graham prefers companies' interest coverage to be at least 5. IES Holdings Inc has enough cash to cover all of its debt. Its financial situation is stable.
Gendell Jeffrey L Et Al | director, 10 percent owner | 200 PARK AVENUE SUITE 3900, NEW YORK NY 10166 |
Todd M Cleveland | director | 107 W. FRANKLIN ST., ELKHART IN 46515 |
Mary K Newman | officer: VP, General Counsel & Corp Sec | 2 RIVERWAY, SUITE 1730, HOUSTON TX 77056 |
Matthew J Simmes | officer: Chief Operating Officer | 2 RIVERWAY, SUITE 1730, HOUSTON TX 77056 |
Alison M Petersen | officer: VP & Chief Accounting Officer | 2 RIVERWAY, SUITE 1730, HOUSTON TX 77056 |
Tracy Mclauchlin | officer: SVP, CFO & Treasurer | 2 RIVERWAY, SUITE 1730, HOUSTON TX 77056 |
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Gary S Matthews | director, officer: CEO and Director | 5433 WESTHEIMER ROAD, SUITE 500, HOUSTON TX 77056 |
Donald L Luke | director | 5433 WESTHEIMER RD, SUITE 500, HOUSTON TX 77056 |
Gail D Makode | officer: SVP, GC & Secretary | ONE SOUND SHORE DR, SUITE 304, GREENWICH CT 06830 |
Tontine Capital Management Llc | 10 percent owner | C/O TORTINE PARTNERS LP, 55 RAILRAOD AVENUE 3RD FL, GREENWICH CT 06830 |
Tontine Capital Partners L P | 10 percent owner | C/O TONTINE CAPITAL MANAGEMENT LLC LP, 55 RAILROAD AVENUE 3RD FL, GREENWICH CT 06830 |
Tontine Associates, Llc | 10 percent owner | 1 SOUND SHORE DRIVE, SUITE 304, GREENWICH CT 06830 |
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