SPX Technologies (SPX Technologies) Interest Expense : $-35 Mil (TTM As of Mar. 2024)

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What is SPX Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. SPX Technologies's interest expense for the three months ended in Mar. 2024 was $ -10 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-35 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. SPX Technologies's Operating Income for the three months ended in Mar. 2024 was $ 65 Mil. SPX Technologies's Interest Expense for the three months ended in Mar. 2024 was $ -10 Mil. SPX Technologies's Interest Coverage for the quarter that ended in Mar. 2024 was 6.65. 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.

SPX Technologies Interest Expense Historical Data

The historical data trend for SPX Technologies'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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SPX Technologies Interest Expense Chart

SPX Technologies Annual Data

Trend

Dec14

Dec15

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Dec23

Interest Expense

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-21.00

-18.40

-13.10

-9.30

-27.20

SPX Technologies 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															-2.40	-5.40	-10.20	-9.20	-9.80

SPX Technologies 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 $-35 Mil.

SPX Technologies (NYSE:SPXC) 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.

SPX Technologies's Interest Expense for the three months ended in Mar. 2024 was $-10 Mil. Its Operating Income for the three months ended in Mar. 2024 was $65 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $517 Mil.

SPX Technologies'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	*	65.2	/	-9.8
	=	6.65

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

SPX Technologies (SPX Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » SPX Technologies Inc (NYSE:SPXC) » Definitions » Interest Expense

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SPW0:Germany

Address

6325 Ardrey Kell Road, Suite 400, Charlotte, NC, USA, 28277

Website

https://www.spx.com

SPX Technologies Inc supplies engineered heating, ventilation, and air conditioning, or HVAC, products, as well as detection and measurement technologies and power equipment. The company operates through three segments. The HVAC segment designs, manufactures, installs, and services cooling products, as well as heating and ventilation products. The detection and measurement technologies segment designs, manufactures, and installs underground pipe and cable locators and inspection equipment, bus-fare collection systems, and others. The Engineered Solutions segment engineers, designs, manufactures, installs and services transformers for the power transmission and distribution market. The company generates almost all of its revenue from American domestic market.

Executives

Natausha Heleena White	officer: VP and CHRO	C/O SPX CORPORATION, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
J Randall Data	officer: Pres. - S. Africa & Global Op.	13024 BALLANTYNE CORPORATE PLACE, SUITE 700, CHARLOTTE NC 28277
Wayne M. Mclaren	officer: Chief Accounting Officer	C/O SPX CORPORATION, 6325 ARDREY KELL ROAD, CHARLOTTE NC 28277
John Webster Nurkin	officer: VP, Gen. Counsel & Secretary	C/O SPX CORPORATION, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Mark A Carano	officer: VP, CFO & Treasurer	13024 BALLANTYNE CORPORATE PLACE, #700, CHARLOTTE NC 28277
Sean Mcclenaghan	officer: PRESIDENT, GLOBAL COOLING	SPX TECHNOLOGIES, INC., 6325 ARDREY KELL ROAD, SUITE 400, CHARLOTTE NC 28277
Swann John William Iii	officer: Pres., Heating and Location &	C/O SPX CORPORATION, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Michael Andrew Reilly	officer: Corp. Controller and CAO	2007 CHANNELSTONE WAY, MATTHEWS NC 28104
Lowe Eugene Joseph Iii	director, officer: President and CEO	13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
James E Harris	officer: VP, CFO and Treasurer	C/O RXO, INC., 11215 N. COMMUNITY HOUSE ROAD, CHARLOTTE NC 28277
Ankush Kumar	officer: President, SPX Global Cooling	C/O SPX CORPORATION, 6325 ARDREY KELL ROAD, CHARLOTTE NC 28277
Brian G. Mason	officer: Pres. - SPX Transformer Sol.	C/O SPX CORPORATION, 13320-A BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Angel S Willis	director	C/O SEALED AIR CORPORATION, 2415 CASCADE POINTE BOULEVARD, CHARLOTTE NC 28208
Scott William Sproule	officer: VP, CFO and Treasurer	C/O SPX CORPORATION, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Meenal Sethna	director	8755 WEST HIGGINS ROAD, SUITE 500, CHICAGO IL 60631