Unifi (UFI) Interest Expense : $-9.5 Mil (TTM As of Dec. 2023)

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What is Unifi Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Unifi'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 $-9.5 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. Unifi's Operating Income for the three months ended in Dec. 2023 was $ -12.5 Mil. Unifi's Interest Expense for the three months ended in Dec. 2023 was $ -2.6 Mil. Unifi did not have earnings to cover the interest expense. 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.

Unifi Interest Expense Historical Data

The historical data trend for Unifi'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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Unifi Interest Expense Chart

Unifi Annual Data

Trend

Jun14

Jun15

Jun16

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Jun19

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Jun23

Interest Expense

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-5.41

-4.78

-3.32

-3.09

-7.58

Unifi 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															-1.89	-2.07	-2.37	-2.49	-2.61

Unifi 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 $-9.5 Mil.

Unifi (NYSE:UFI) 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.

Unifi'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 $-12.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $125.7 Mil.

Unifi's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Unifi did not have earnings to cover the interest expense.

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

Unifi (UFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Unifi Inc (NYSE:UFI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

36A:Germany

Address

7201 West Friendly Avenue, Greensboro, NC, USA, 27410

Website

https://www.unifi.com

Unifi Inc is a multi-national company. It manufactures and sells innovative synthetic and recycled products made from polyester and nylon primarily to other yarn manufacturers and knitters and weavers that produce fabric for the apparel, hosiery, home furnishings, automotive, industrial and other end-use markets. Polyester yarns include partially oriented yarn (POY), textured, solution and package dyed, twisted, beamed and draw wound yarns, and each is available in virgin or recycled varieties. UNIFI offers specialized yarns, premium value-added (PVA) yarns, and commodity yarns, with principal geographic markets in the Americas, Europe and Asia.

Executives

Kenneth G Langone	director	375 PARK AVENUE, STE 2205, NEW YORK NY 10152
Inclusive Capital Partners, L.p.	10 percent owner, other: See Remarks	1170 GORGAS AVENUE, SAN FRANCISCO CA 94129
Andrew James Eaker	officer: Interim CFO	7201 WEST FRIENDLY AVENUE, GREENSBORO NC 27410
Gregory K Sigmon	officer: SVP, General Counsel	7201 WEST FRIENDLY AVE, GREENSBORO NC 27410
Archibald Jr Cox	director	151 EAST 58TH STREET, #33F, NEW YORK NY 10022
Edmund M Ingle	director, officer: CEO	7201 WEST FRIENDLY AVENUE, GREENSBORO NC 27410
Francis S Blake	director	2455 PACES FERRY RD, ATLANTA GA 30339
Jeffrey W Ubben	10 percent owner, other: See Remarks	1170 GORGAS AVENUE, SAN FRANCISCO CA 94129
Craig A Creaturo	officer: EVP & CFO	7201 WEST FRIENDLY AVENUE, GREENSBORO NC 27410
Robert J Bishop	director	IMPALA ASSET MANAGEMENT LLC, 107 CHERRY ST, NEW CANAAN CT 06840
Rhonda L. Ramlo	director	7201 WEST FRIENDLY AVENUE, GREENSBORO NC 27410
Emma S. Battle	director	101 NORTH CHERRY STREET, SUITE 501, WINSTON SALEM NC 27101
Eva T. Zlotnicka	director	1170 GORGAS AVENUE, SAN FRANCISCO CA 94129
James M Kilts	director	120 PARK AVE, NEW YORK NY 10017
James D. Mead	director	P.O. BOX 440, NEW FAIRFIELD CT 06812