OneWater Marine (OneWater Marine) Interest Expense : $-68 Mil (TTM As of Mar. 2024)

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What is OneWater Marine Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. OneWater Marine's interest expense for the three months ended in Mar. 2024 was $ -18 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-68 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. OneWater Marine's Operating Income for the three months ended in Mar. 2024 was $ 29 Mil. OneWater Marine's Interest Expense for the three months ended in Mar. 2024 was $ -18 Mil. OneWater Marine's Interest Coverage for the quarter that ended in Mar. 2024 was 1.64. 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.

OneWater Marine Interest Expense Historical Data

The historical data trend for OneWater Marine'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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OneWater Marine Interest Expense Chart

OneWater Marine Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-15.96

-17.69

-6.91

-17.85

-59.64

OneWater Marine 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															-14.08	-16.51	-16.69	-16.96	-17.72

OneWater Marine 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 $-68 Mil.

OneWater Marine (NAS:ONEW) 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.

OneWater Marine's Interest Expense for the three months ended in Mar. 2024 was $-18 Mil. Its Operating Income for the three months ended in Mar. 2024 was $29 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $531 Mil.

OneWater Marine'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	*	28.979	/	-17.717
	=	1.64

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

OneWater Marine (OneWater Marine) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » OneWater Marine Inc (NAS:ONEW) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

6275 Lanier Islands Parkway, Buford, GA, USA, 30518

Website

https://www.onewatermarine.com

OneWater Marine Inc is a recreational marine retailer in the United States. The company operates in two segment- Dealerships and Distribution. Its dealer groups are located throughout the Southeast, Gulf Coast, Mid-Atlantic, and Northeast. The company's revenue profile is comprised of new boat sales, pre-owned boat sales, finance and insurance products, repair and maintenance services, and parts and accessories. Majority of revenue is generated from sale of new boats.

Executives

Singleton Philip Austin Jr.	director, officer: CEO and Director	6275 LANIER ISLANDS PARKWAY, BUFORD GA 30518
John Schraudenbach	director	6275 LANIER ISLANDS PARKWAY, BUFORD GA 30518
Jeffrey B. Lamkin	director	6275 LANIER ISLANDS PARKWAY, BUFORD GA 30518
Anthony M Aisquith	officer: President and COO	C/O ONE WATER MARINE INC., 6275 LANIER ISLANDS PARKWAY, BUFORD GA 30518
Carmen Bauza	director	2400 WEST CENTRAL ROAD, HOFFMAN ESTATES IL 60192
J Steven Roy	director	6275 LANIER ISLANDS PARKWAY, BUFORD GA 30518
Mitchell W Legler	director	C/O STEIN MORT INC, 1200 RIVERPLACE BLVD, JACKSONVILLE FL 32207
Shell Greg Allen Sr.	director	200 CLARENDON STREET, BOSTON MA 02116
John Troiano	director	6275 LANIER ISLANDS PARKWAY, BUFORD GA 30518
Jack P Ezzell	officer: Chief Financial Officer	C/O ONEWATER MARINE INC., 6275 LANIER ISLANDS PARKWAY, BUFORD GA 30518
Keith Style	director	C/O ASBURY AUTOMOTIVE GROUP, INC., 2905 PREMIERE PARKWAY NW, SUITE 300, DULUTH GA 30097
Michelle Singleton	other: Member of 10% Ownership Group	6275 LANIER ISLANDS PARKWAY, BUFORD GA 30518
Owmh, Lllp Auburn	other: Member of 10% Ownership Group	6275 LANIER ISLANDS PARKWAY, BUFORD GA 30518
Austin Singleton Irrevocable Trust, Dated December 30, 2015	other: Member of 10% Ownership Group	6275 LANIER ISLANDS PARKWAY, BUFORD GA 30518
Philip Singleton Irrevocable Trust, Dated December 24, 2015	other: Member of 10% Ownership Group	6275 LANIER ISLANDS PARKWAY, BUFORD GA 30518