Webco Industries (Webco Industries) Interest Expense : $-6.1 Mil (TTM As of Jul. 2023)

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What is Webco Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Webco Industries's interest expense for the six months ended in Jul. 2023 was $ -6.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jul. 2023 was $-6.1 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. Webco Industries's Operating Income for the six months ended in Jul. 2023 was $ 38.9 Mil. Webco Industries's Interest Expense for the six months ended in Jul. 2023 was $ -6.1 Mil. Webco Industries's Interest Coverage for the quarter that ended in Jul. 2023 was 6.39. 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.

Webco Industries Interest Expense Historical Data

The historical data trend for Webco Industries'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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Webco Industries Interest Expense Chart

Webco Industries Annual Data

Trend

Jul05

Jul06

Jul12

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul23

Interest Expense

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-3.24

-2.57

-2.49

-3.60

-6.09

Webco Industries Semi-Annual Data
	Jul95	Jul96	Jul97	Jul98	Jul99	Jul00	Jul01	Jul02	Jul03	Jul04	Jul05	Jul06	Jul12	Jul13	Jul14	Jul15	Jul16	Jul17	Jul18	Jul23
Interest Expense	Get a 7-Day Free Trial															-3.24	-2.57	-2.49	-3.60	-6.09

Webco Industries Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Interest Expense for the trailing twelve months (TTM) ended in Jul. 2023 was $-6.1 Mil.

Webco Industries (OTCPK:WEBC) 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.

Webco Industries's Interest Expense for the six months ended in Jul. 2023 was $-6.1 Mil. Its Operating Income for the six months ended in Jul. 2023 was $38.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jul. 2023 was $39.1 Mil.

Webco Industries's Interest Coverage for the quarter that ended in Jul. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jul. 2023 )	/	Interest Expense (Q: Jul. 2023 )
	=	-1	*	38.907	/	-6.089
	=	6.39

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

Webco Industries (Webco Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Webco Industries Inc (OTCPK:WEBC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

9101 West 21st Street S, P.O. Box 100, Sand Springs, OK, USA, 74063

Website

https://www.webcotube.com

Webco Industries Inc is a specialty manufacturer of high-quality carbon and stainless steel tubing products that are designed to industry and customer specifications. The company's products include Welded tubing; Cold drawn- Welded and Cold drawn- Seamless. Its value-added services include bending, custom mill length, end formed/swaged, finning, heat treating, packaging, precision cutting, product availability and responsiveness.

Executives

Dana Suzette Weber	director, 10 percent owner, officer: Pres and COO
F William Weber	director, 10 percent owner, officer: Chmn and CEO
Bradley Scott Vetal	director	10701 E UTE STREET, TULSA OK 74116
Jack D Mccarthy	director
David Edward Boyer	officer: Sr VP - Tubing Oper and Secy
Michael Paul Howard	officer: Sr VP - Fin and Adm / CFO
Kenneth Eugene Case	director
Christopher Lee Kowalski	director, officer: Pres of 100% owned sub