Park-Ohio Holdings (Park-Ohio Holdings) Interest Expense : $-46 Mil (TTM As of Mar. 2024)

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What is Park-Ohio Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Park-Ohio Holdings's interest expense for the three months ended in Mar. 2024 was $ -12 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-46 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. Park-Ohio Holdings's Operating Income for the three months ended in Mar. 2024 was $ 26 Mil. Park-Ohio Holdings's Interest Expense for the three months ended in Mar. 2024 was $ -12 Mil. Park-Ohio Holdings's Interest Coverage for the quarter that ended in Mar. 2024 was 2.15. 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.

Park-Ohio Holdings Interest Expense Historical Data

The historical data trend for Park-Ohio 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.

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Park-Ohio Holdings Interest Expense Chart

Park-Ohio Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-33.80

-27.60

-27.10

-33.80

-45.10

Park-Ohio Holdings 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															-10.70	-11.10	-11.60	-11.70	-11.90

Park-Ohio Holdings 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 $-46 Mil.

Park-Ohio Holdings (NAS:PKOH) 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.

Park-Ohio Holdings's Interest Expense for the three months ended in Mar. 2024 was $-12 Mil. Its Operating Income for the three months ended in Mar. 2024 was $26 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $691 Mil.

Park-Ohio Holdings'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	*	25.6	/	-11.9
	=	2.15

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

Park-Ohio Holdings (Park-Ohio Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Park-Ohio Holdings Corp (NAS:PKOH) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

6065 Parkland Boulevard, Cleveland, OH, USA, 44124

Website

http://www.pkoh.com

Park-Ohio Holdings Corp is a company, engaged in industrial supply chain logistics and diversified manufacturing business. It operates in three business segments namely Supply Technologies, Assembly Components and Engineered Products. Geographically, the business of the group is amplifying across the region of the United States, Asia, Europe, Canada, Mexico and others. The company derives most of the revenue from the Supply Technologies segment which provides the customer with total supply management services such as engineering and design support, supplier selection, quality assurance, barcoding, product packaging and tracking, just-in-time and point-of-use delivery and electronic billing services for a range of production components.

Executives

James W Wert	director
Patrick W Fogarty	officer: Director Corporate Development
Robert D Vilsack	officer: Secretary & General Counsel
Moore Dan T Iii	director
Hanna Howard W Iv	director	6065 PARKLAND BLVD., CLEVELAND OH 44124
Matthew V Crawford	director, 10 percent owner, officer: President & COO
Edward F Crawford	director, 10 percent owner, officer: CEO, COB
Patrick V Auletta	director	23000 EUCLID AVE, EUCLID OH 44117
Steven H Rosen	director	6065 PARKLAND BOULEVARD, MAYFIELD HEIGHTS OH 44124
John D Grampa	director	MATERION CORPORATION, 6070 PARKLAND BLVD., MAYFIELD HEIGHTS OH 44124
Ronna Romney	director
Mixon Aaron Malachi Iii	director	800 SUPERIOR AVENUE, SUITE 1800, CLEVELAND OH 44107
W Scott Emerick	officer: VP & CFO	29400 LAKELAND BOULEVARD, WICKLIFFE OH 44092
Kevin R Greene	director
Jeffrey L Rutherford	officer: Vice President & CFO	15885 SPRAGUE RD, STRONGSVILLE OH 44136-1799