Knowles (Knowles) Interest Expense : $-7.4 Mil (TTM As of Dec. 2023)

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What is Knowles Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Knowles's interest expense for the three months ended in Dec. 2023 was $ -5.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-7.4 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. Knowles's Operating Income for the three months ended in Dec. 2023 was $ 14.0 Mil. Knowles's Interest Expense for the three months ended in Dec. 2023 was $ -5.2 Mil. Knowles's Interest Coverage for the quarter that ended in Dec. 2023 was 2.69. 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.

Knowles Interest Expense Historical Data

The historical data trend for Knowles'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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Knowles Interest Expense Chart

Knowles Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-15.30

-17.10

-14.40

-4.30

-7.40

Knowles 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															-1.60	-0.80	-0.80	-0.60	-5.20

Knowles 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 $-7.4 Mil.

Knowles (NYSE:KN) 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.

Knowles's Interest Expense for the three months ended in Dec. 2023 was $-5.2 Mil. Its Operating Income for the three months ended in Dec. 2023 was $14.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $232.9 Mil.

Knowles'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	*	14	/	-5.2
	=	2.69

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

Knowles (Knowles) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Knowles Corp (NYSE:KN) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

1K3:Germany

Address

1151 Maplewood Drive, Itasca, IL, USA, 60143

Website

https://www.knowles.com

Knowles Corp is engaged in the manufacturing of micro-acoustic microphones and balanced armature speakers, audio solutions, high-performance capacitors, and radio frequency filtering products. It operates in three segments; the Precision Devices segment specializes in the design and delivery of high-performance capacitor products and RF solutions, Medtech & Specialty Audio segment designs and manufactures microphones and balanced armature speakers used in applications and the Consumer MEMS Microphones segment designs and manufactures micro-electro-mechanical systems microphones and audio solutions used in applications. The majority of its revenue comes from the Consumer MEMS Microphones segment.

Executives

Raymond D. Cabrera	officer: Senior VP, HR & CAO	KNOWLES CORPORATION, 1151 MAPLEWOOD DRIVE, ITASCA IL 60143
Erania Brackett	director	C/O DENTSPLY SIRONA INC, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Daniel J Crowley	director	870 WINTER STREET, WALTHAM MA 02451
Jeffrey Niew	director, officer: President & CEO	KNOWLES CORPORATION, 1151 MAPLEWOOD DRIVE, ITASCA IL 60143
Cheryl L Shavers	director	400 COLLINS ROAD NE, M/S 124-323, CEDAR RAPIDS IA 52498
John S. Anderson	officer: Senior VP & CFO	KNOWLES CORPORATION, 1151 MAPLEWOOD DRIVE, ITASCA IL 60143
Daniel J. Giesecke	officer: Senior VP & COO	KNOWLES CORPORATION, 1151 MAPLEWOOD DRIVE, ITASCA IL 60143
Bastarrica Air A. Jr.	officer: Vice President & Controller	1151 MAPLEWOOD DR, ITASCA IL 60143-2071
Donald Macleod	director
Michael S Wishart	director	SPANSION INC., 915 DEGUIGNE DRIVE, SUNNYVALE CA 94085-3836
Ronald Steven Jankov	director	3875 FREEDOM CIRCLE, SUITE 900, SANTA CLARA CA 95054
Didier Hirsch	director	5301 STEVENS CREEK BOULEVARD, SANTA CLARA CA 95051
Christian Scherp	officer: Co-President, MCE	KNOWLES CORPORATION, 1151 MAPLEWOOD DRIVE, ITASCA IL 60143
Ye Jane Li	director	200 FLYNN ROAD, CAMARILLO CA 93012-8790
Michael S. Polacek	officer: President, Intelligent Audio	KNOWLES CORPORATION, 1151 MAPLEWOOD DRIVE, ITASCA IL 60143