Turning Point Brands (Turning Point Brands) Interest Expense : $-14.6 Mil (TTM As of Dec. 2023)

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What is Turning Point Brands Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Turning Point Brands's interest expense for the three months ended in Dec. 2023 was $ -2.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-14.6 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. Turning Point Brands's Operating Income for the three months ended in Dec. 2023 was $ 24.0 Mil. Turning Point Brands's Interest Expense for the three months ended in Dec. 2023 was $ -2.6 Mil. Turning Point Brands's Interest Coverage for the quarter that ended in Dec. 2023 was 9.10. 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.

Turning Point Brands Interest Expense Historical Data

The historical data trend for Turning Point Brands'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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Turning Point Brands Interest Expense Chart

Turning Point Brands Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-14.44

-13.49

-20.50

-19.52

-14.65

Turning Point Brands 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															-4.38	-4.01	-4.02	-3.98	-2.63

Turning Point Brands 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 $-14.6 Mil.

Turning Point Brands (NYSE:TPB) 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.

Turning Point Brands's Interest Expense for the three months ended in Dec. 2023 was $-2.6 Mil. Its Operating Income for the three months ended in Dec. 2023 was $24.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $317.0 Mil.

Turning Point Brands'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	*	23.953	/	-2.632
	=	9.10

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

Turning Point Brands (Turning Point Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Turning Point Brands Inc (NYSE:TPB) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

0T5:Germany

Address

5201 Interchange Way, Louisville, KY, USA, 40229

Website

https://www.turningpointbrands.com

Turning Point Brands Inc operates as an independent provider of Other Tobacco Products (OTP) in the U.S. It offers a wide range of products across the OTP spectrum including moist snuff tobacco (MST), loose-leaf chewing tobacco, premium cigarette papers, make- your-own (MYO) cigar wraps, cigars, liquid vapor products, and tobacco vaporizer products. It operates in three segments namely Zig-Zag products; Stoker's products and NewGen products. The company generates maximum revenue from the Zig-Zag products segment.

Executives

Stephen Usher	director	5201 INTERCHANGE WAY, LOUISVILLE KY 40229
David Edward Glazek	director, officer: Executive Chairman	767 FIFTH AVENUE 12TH FL, NEW YORK NY 10153
Graham Purdy	officer: President & CEO	12442 POPLAR WOOD DRIVE, GOSHEN KY 40026
Brittani Cushman	officer: Sr VP, General Counsel	5201 INTERCHANGE WAY, LOUISVILLE KY 40229
Luis Reformina	officer: Sr VP, CFO	5201 INTERCHANGE WAY, LOUISVILLE KY 40229
Rohith Reddy	director	5201 INTERCHANGE WAY, LOUISVILLE KY 40229
Zimmerman Arnold	director	925 PARK AVE, 2A, NEW YORK NY 10028
Assia Grazioli-venier	director	C/O MARQUEE RAINE ACQUISITION CORP., 65 EAST 55TH STREET, 24TH FLOOR, NEW YORK NY 10022
Ashley Davis Frushone	director	5201 INTERCHANGE WAY, LOUISVILLE KY 40229
Diao H.c. Charles	director	1775 TYSONS BOULEVARD, TYSONS VA 22102
Standard General L.p.	10 percent owner	767 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10153
Yavor Efremov	director	1 ALLIED DRIVE, SUITE 1705, LITTLE ROCK TX 72202
Lawrence Wexler	director, officer: President and CEO	393 CARTER STREET, NEW CANAAN CT 06840
Standard Diversified Inc.	10 percent owner	767 5TH AVENUE, 12TH FLOOR, NEW YORK NY 10153
Robert M. Lavan	officer: SVP and CFO	5201 INTERCHANGE WAY, LOUISVILLE KY 40229