CODIPA.PFD (Compass Diversified Holdings) Interest Expense : $-105.01 Mil (TTM As of Sep. 2024)

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What is Compass Diversified Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Compass Diversified Holdings's interest expense for the three months ended in Sep. 2024 was $ -27.36 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-105.01 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. Compass Diversified Holdings's Operating Income for the three months ended in Sep. 2024 was $ 70.27 Mil. Compass Diversified Holdings's Interest Expense for the three months ended in Sep. 2024 was $ -27.36 Mil. Compass Diversified Holdings's Interest Coverage for the quarter that ended in Sep. 2024 was 2.57. 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.

Compass Diversified Holdings Interest Expense Historical Data

The historical data trend for Compass Diversified Holdings'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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Compass Diversified Holdings Interest Expense Chart

Compass Diversified Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-54.77

-44.86

-57.33

-81.63

-105.13

Compass Diversified Holdings 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															-27.56	-26.22	-24.87	-26.56	-27.36

Compass Diversified Holdings 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 $-105.01 Mil.

Compass Diversified Holdings (NYSE:CODIpA.PFD) 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.

Compass Diversified Holdings's Interest Expense for the three months ended in Sep. 2024 was $-27.36 Mil. Its Operating Income for the three months ended in Sep. 2024 was $70.27 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $1,763.69 Mil.

Compass Diversified Holdings'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	*	70.268	/	-27.358
	=	2.57

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

Compass Diversified Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Compass Diversified Holdings (NYSE:CODIpA.PFD) » Definitions » Interest Expense

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CODIpC.PFD:USA CODIpB.PFD:USA CODI:USA

Address

301 Riverside Avenue, Second Floor, Westport, CT, USA, 06880

Website

https://compassdiversified.com

Compass Diversified Holdings is a diversified business conglomerate based in the United States having two groups: branded consumer business and industrial business. Branded consumer businesses are characterized as those businesses that capitalize on a valuable brand name in their respective market sector. It includes 5.11, Ergobaby, Liberty Safe, and Velocity Outdoor. Industrial businesses are characterized as those businesses that focus on manufacturing and selling particular products and industrial services within a specific market sector. The company has operations in the United States, Canada, Europe, Asia Pacific, and other International areas.