VOXX International (VOXX International) Interest Expense

: $-6.6 Mil (TTM As of Nov. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. VOXX International's interest expense for the three months ended in Nov. 2023 was $ -1.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Nov. 2023 was $-6.6 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. VOXX International's Operating Income for the three months ended in Nov. 2023 was $ 2.4 Mil. VOXX International's Interest Expense for the three months ended in Nov. 2023 was $ -1.9 Mil. VOXX International's Interest Coverage for the quarter that ended in Nov. 2023 was 1.25. 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.

VOXX International Interest Expense Historical Data

The historical data trend for VOXX International'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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VOXX International Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Interest Expense

-3.79

-2.98

-2.53

-4.64

VOXX International Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Interest Expense																-1.46	-1.54	-1.55	-1.57	-1.89

VOXX International 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 Nov. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-6.6 Mil.

VOXX International (NAS:VOXX) 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.

VOXX International's Interest Expense for the three months ended in Nov. 2023 was $-1.9 Mil. Its Operating Income for the three months ended in Nov. 2023 was $2.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Nov. 2023 was $49.6 Mil.

VOXX International's Interest Coverage for the quarter that ended in Nov. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Nov. 2023 )	/	Interest Expense (Q: Nov. 2023 )
	=	-1	*	2.368	/	-1.892
	=	1.25

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

VOXX International (VOXX International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » VOXX International Corp (NAS:VOXX) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

VOX:Germany VOX:Germany

Address

2351 J. Lawson Boulevard, Orlando, FL, USA, 32824

Website

https://www.voxxintl.com

VOXX International Corp manufacturer and distributor in the Automotive Electronics, Consumer Electronics, and Biometrics industries. The consumer electronic products primarily consist of finished goods sold to retail and commercial customers, consisting of premium audio and other consumer electronic products. Automotive products, some of which are manufactured by the Company, are sold both to OEM and aftermarket customers. Biometric products, primarily consisting of finished goods, are sold to retail and commercial customers.

Executives

Beat Kahli	10 percent owner	AVALON GROUP INTERNATIONAL, LLC, 3801 AVALON PARK EAST BLVD., STE 400, ORLANDO FL 32828
Steven R Downing	director	14814 CREEK EDGE DRIVE, HOLLAND MI 49424
Peter A Lesser	director	C/O AUDIOVOX CORP, 180 MARCUS BLVD., HAUPPAUGE NY 11788-0518
Patrick M Lavelle	director, officer: Senior Vice President	150 MARCUS BLVD, PO BOX 18000, HAUPPAUGE NY 11788
John J Shalam	director, 10 percent owner, officer: President and C.E.O.	180 MARCUS BLVD, PO BOX 12427, HAUPPAGE NY 11788-0518
Holding Ag Kahli	10 percent owner	RIESBACHSTRASSE 57, ZURICH V8 8008
Edward David Mas	officer: President Voxx Automotive Corp	C/O VOXX INTERNATIONAL CORPORATION, 180 MARCUS BOULEVARD, HAUPPAUGE NY 11788
John Jr Adamovich	director	180 MARCUS BLVD, C/O VOXX INTERNATIONAL CORPORATION, HAUPPAUGE NY 11788
Kreuch Paul C Jr	director	C/O 180 MARCUS BLVD., PO BOX 12427, HAUPPAUGE NY 11788-0518
Ari Shalam	director	C/O AUDIOVOX CORP, 150 MARCUS BLVD, HAUPPAUGE NY 11788
Denise W. Gibson	director	140 SCHOOL STREET, LIBERTYVILLE IL 60048
Oscar Leonard Bernardo	officer: COO Klipsch Group Inc.	C/O VOXX INTERNATIONAL CORPORATION, 180 MARCUS BLVD, HAUPPAUGE NY 11788
Ian Sebastian Geise	officer: President Voxx Accessories	C/O VOXX INTERNATIONAL CORPORATION, 180 MARCUS BLVD, HAUPPAUGE NY 11788
Michael F Klipsch	officer: Pres. Global Operations of KGI	180 MARCUS BOULEVARD, C/O AUDIOVOX CORPORATION, HAUPPAUGE X1 11788
Ludwig Geis	officer: CEO VOXX Hirschmann Corp	STUTTGARTER STRASSE 45 - 51, NECKARTENZLINGEN 2M 72654