Graco (GGG) Interest Expense : $-5 Mil (TTM As of Mar. 2024)

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What is Graco Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Graco's interest expense for the three months ended in Mar. 2024 was $ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-5 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. Graco's Operating Income for the three months ended in Mar. 2024 was $ 133 Mil. Graco's Interest Expense for the three months ended in Mar. 2024 was $ -1 Mil. Graco's Interest Coverage for the quarter that ended in Mar. 2024 was 178.76. 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.

Graco Interest Expense Historical Data

The historical data trend for Graco'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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Graco Interest Expense Chart

Graco Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-13.11

-11.28

-10.22

-9.90

-5.19

Graco 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															-1.35	-1.80	-1.39	-0.66	-0.74

Graco 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 $-5 Mil.

Graco (NYSE:GGG) 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.

Graco's Interest Expense for the three months ended in Mar. 2024 was $-1 Mil. Its Operating Income for the three months ended in Mar. 2024 was $133 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $9 Mil.

Graco'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	*	132.996	/	-0.744
	=	178.76

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. Graco Inc has enough cash to cover all of its debt. Its financial situation is stable.

Graco (GGG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Graco Inc (NYSE:GGG) » Definitions » Interest Expense

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Traded in Other Exchanges

GA8:Germany GA8:Germany

Address

88-11th Avenue Northeast, Minneapolis, MN, USA, 55413

Website

https://www.graco.com

Graco manufactures equipment used for managing fluids, coatings, and adhesives, specializing in difficult-to-handle materials. Graco's business is organized into three segments: industrial, process, and contractor. The Minnesota-based firm serves a wide range of end markets, including industrial, automotive, and construction, and its broad array of products include pumps, valves, meters, sprayers, and equipment used to apply coatings, sealants, and adhesives. The firm generated roughly $2.1 billion in sales and $573 million in operating income in 2022.

Executives

Mark W Sheahan	officer: VICE PRESIDENT AND TREASURER	P.O. BOX 1441, MINNEAPOLIS MN 55440-1441
Angela F Wordell	officer: Executive VP, Operations	88 11TH AVENUE NE, MINNEAPOLIS MN 55413
Kathryn L Schoenrock	officer: Executive Vice President	88 11TH AVENUE NE, MINNEAPOLIS MN 55413
Caroline M Chambers	officer: Vice President and Controller	PO BOX 1441, MINNEAPOLIS MN 55440-1441
Eric Etchart	director	ROOM F, 22F CROSS REGION PLAZA, 899 LINGLING ROAD, SHANGHAI F4 200030
Van Sant R William	director	PO BOX 1441, MINNEAPOLIS MN 55440-1441
Timothy R White	officer: President, EMEA	88 11TH AVENUE NE, MINNEAPOLIS MN 55413
Ronita Banerjee	officer: EVP, Chief HR Officer	88 11TH AVENUE NE, MINNEAPOLIS MN 55105
Jeffrey P. Johnson	officer: Vice President	88 - 11TH AVENUE N.E., MINNEAPOLIS MN 55413
Heather L Anfang	director	88 11TH AVENUE NE, MINNEAPOLIS MN 55413
Dale D Johnson	officer: VICE PRESIDENT	P.O. BOX 1441, MINNEAPOLIS MN 5440-1441
Christopher D. Knutson	officer: EVP, Corporate Controller	88 11TH AVENUE NE, MINNEAPOLIS MN 55413
Claudio Merengo	officer: President, Worldwide Gema	88 11TH AVENUE NE, MINNEAPOLIS MN 55413
J Kevin Gilligan	director	P O BOX 1441, MINNEAPOLIS MN 55440-1441
Archie C. Black	director	333 SOUTH SEVENTH STREET, SUITE 1000, MINNEAPOLIS MN 55402