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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Interface's interest expense for the three months ended in Dec. 2023 was $ -7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-32 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. Interface's Operating Income for the three months ended in Dec. 2023 was $ 35 Mil. Interface's Interest Expense for the three months ended in Dec. 2023 was $ -7 Mil. Interface's Interest Coverage for the quarter that ended in Dec. 2023 was 5.17. 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 Interface'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.
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 $-32 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.
Interface (NAS:TILE) 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.
Interface's Interest Expense for the three months ended in Dec. 2023 was $-7 Mil. Its Operating Income for the three months ended in Dec. 2023 was $35 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $487 Mil.
Interface'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 | * | 35.152 | / | -6.801 | |
= | 5.17 |
* 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.
Stansfield Nigel | officer: VP & Chief Innovation Officer | 2859 PACES FERRY ROAD, SUITE 2000, ATLANTA GA 30339 |
Robert T O'brien | director | 1280 WEST PEACHTREE STREET NW, ATLANTA GA 30309 |
Laurel Hurd | officer: President & CEO | C/O NEWELL BRANDS INC., 6655 PEACHTREE DUNWOODY ROAD, ATLANTA GA 30328 |
James Poppens | officer: Vice President | 1280 WEST PEACHTREE STREET NW, ATLANTA GA 30309 |
Robert Pridgen | officer: Chief Accounting Officer | 1280 WEST PEACHTREE STREET NW, ATLANTA GA 30309 |
Christopher G Kennedy | director | C/O INTERFACE INC, 2859 PACES FERRY ROAD SUITE 2000, ATLANTA GA 30339 |
Gibson Dwight Audley Konrad | director | C/O SPX FLOW, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277 |
Joseph Keough | director | 3715 NORTHSIDE PKWY NW, SUITE 4-600, ATLANTA GA 30327 |
Andreas Mueller | officer: VP & Chief Customer Officer | 1280 WEST PEACHTREE ST. NW, ATLANTA GA 30309 |
Catherine M Kilbane | director | |
Daniel T Hendrix | director, officer: President and CEO | 2859 PACES ROAD, ATLANTA GA 30339 |
Gregory J Bauer | officer: VP & Chief Accounting Officer | 2859 PACES FERRY RD., STE 2000, ATLANTA GA 30339 |
Robert Coombs | officer: Vice President | 2850 PACES FERRY RD, STE 2000, ATLANTA GA 30339 |
Jeffrey Chadwick Scales | officer: VP & Chief Innovation Officer | 2859 PACES FERRY ROAD, SUITE 2000, ATLANTA GA 30339 |
Bruce Andrew Hausmann | officer: VP & CFO | 2859 PACES FERRY ROAD, SUITE 2000, ATLANTA GA 30339 |
From GuruFocus
By PRNewswire 08-22-2022
By PurpleRose 08-17-2022
By Value_Insider 12-12-2022
By PRNewswire 08-16-2022
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