ASTE (Astec Industries) Interest Expense : $-11 Mil (TTM As of Sep. 2024)

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What is Astec Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Astec Industries's interest expense for the three months ended in Sep. 2024 was $ -3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-11 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. Astec Industries's Operating Income for the three months ended in Sep. 2024 was $ 1 Mil. Astec Industries's Interest Expense for the three months ended in Sep. 2024 was $ -3 Mil. Astec Industries's Interest Coverage for the quarter that ended in Sep. 2024 was 0.46. 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.

Astec Industries Interest Expense Historical Data

The historical data trend for Astec 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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Astec Industries Interest Expense Chart

Astec Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.40

-0.70

-1.10

-2.50

-8.90

Astec Industries Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-2.40	-2.50	-2.70	-3.10	-2.60

Astec Industries 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-11 Mil.

Astec Industries (NAS:ASTE) 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.

Astec Industries's Interest Expense for the three months ended in Sep. 2024 was $-3 Mil. Its Operating Income for the three months ended in Sep. 2024 was $1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $99 Mil.

Astec Industries's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	1.2	/	-2.6
	=	0.46

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

Astec Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Astec Industries Inc (NAS:ASTE) » Definitions » Interest Expense

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Traded in Other Exchanges

AI2:Germany AI2:Germany

Address

1725 Shepherd Road, Chattanooga, TN, USA, 37421

Website

https://www.astecindustries.com

Astec Industries Inc designs and manufactures equipment and components used in road construction and other development activities. Its products are used through the entire process of building roads, from mining and crushing materials to creating the road surface. The company manufactures a line of plants, pavers, vehicles, and machines to mix and transform materials into construction components. It has two operating segments: infrastructure solutions generating maximum revenue and materials solutions. The majority of sales are derived from the United States. Its customers are asphalt producers, highway and heavy equipment contractors, ready mix concrete producers, demolition recycling markets, sand and gravel producers, open mine operators, quarry operators, and others.

Executives

Merwe Jaco Van Der	officer: Group President	1725 SHEPHERD RD, CHATTANOOGA TN 37421
Winford James Murphy Jr	director	213 NORMANDIE DRIVE, OPELOUSAS LA 70570
Barend Snyman	officer: Group President	3906 LOBLOLLY LANE, VALDOSTA GA 31601
Nalin Jain	director	30 ISABELLA ST., PITTSBURGH PA 15212
Westinghouse Air Brake Technologies Corp	director	30 ISABELLA STREET, PITTSBURGH PA 15212
Mark Joseph Gliebe	director	200 STATE STREET, BELOIT WI 53511
Linda I. Knoll	director	5800 KNOB HILL CR, CLARKSON TN 48348
Litchfield Matthew T Sr	officer: Chief Information Officer	1725 SHEPHERD RD, CHATTANOOGA TN 37421
Anshu Pasricha	officer: GC and Corp Secretary	1725 SHEPHERD ROAD, CHATTANOOGA TN 37421
Timothy A Averkamp	officer: Group President	1725 SHEPHERD RD, CHATTANOOGA TN 37421
Mary L Howell	director	1101 PENNSYLVANIA AVE STE 400, WASHINGTON DC 20004
James B Baker	director	1725 SHEPHERD ROAD, CHATTANOOGA TN 37421
William Bradley Southern	director	1610 WEST END AVENUE, NASHVILLE TN 37203
Tracey H Cook	director	1725 SHEPHERD RD, CHATTANOOGA TN 37421
William Glenwood Dorey	director	PO BOX 50085, WATSONVILLE CA 95077-5085