Foundation Building Materials (Foundation Building Materials) Interest Expense : $-29 Mil (TTM As of Sep. 2020)

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What is Foundation Building Materials Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Foundation Building Materials's interest expense for the three months ended in Sep. 2020 was $ -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2020 was $-29 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. Foundation Building Materials's Operating Income for the three months ended in Sep. 2020 was $ 20 Mil. Foundation Building Materials's Interest Expense for the three months ended in Sep. 2020 was $ -6 Mil. Foundation Building Materials's Interest Coverage for the quarter that ended in Sep. 2020 was 3.08. 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.

Foundation Building Materials Interest Expense Historical Data

The historical data trend for Foundation Building Materials'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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Foundation Building Materials Interest Expense Chart

Foundation Building Materials Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Interest Expense

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-52.51

-61.01

-53.28

-33.79

Foundation Building Materials Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Interest Expense	Get a 7-Day Free Trial															-9.12	-7.77	-7.73	-7.15	-6.46

Foundation Building Materials 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. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-29 Mil.

Foundation Building Materials (NYSE:FBM) 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.

Foundation Building Materials's Interest Expense for the three months ended in Sep. 2020 was $-6 Mil. Its Operating Income for the three months ended in Sep. 2020 was $20 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2020 was $539 Mil.

Foundation Building Materials's Interest Coverage for the quarter that ended in Sep. 2020 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2020 )	/	Interest Expense (Q: Sep. 2020 )
	=	-1	*	19.877	/	-6.463
	=	3.08

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

Foundation Building Materials (Foundation Building Materials) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Foundation Building Materials Inc (NYSE:FBM) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

2520 Red Hill Avenue, Santa Ana, CA, USA, 92705

Website

https://www.fbmsales.com

Foundation Building Materials Inc is a specialty distributor of wallboard and suspended ceiling systems in the United States and Canada. It operates through Specialty Building Products segments. Its Specialty Building Products segment distributes wallboard and accessories, metal framing, suspended ceiling systems, and other products, including stucco and EIFS, as well as tools, safety accessories, and fasteners. This segment serves non-residential, residential, and non-residential repair and remodel construction markets. Geographically, it derives maximum revenue from the United States and also has a presence in Canada.

Executives

Onur Demirkaya	officer: Chief Accounting Officer	2520 RED HILL AVE SANTA ANA CA 92705
Barbara J Bitzer	officer: CAO and Senior Controller	FOUNDATION BUILDING MATERIALS, INC. 2741 WALNUT AVENUE, SUITE 200 TUSTIN CA 92780
James R Carpenter	officer: VP Business Development	2741 WALNUT AVENUE SUITE 200 TUSTIN CA 92780
Peter Welly	officer: Chief Operating Officer	2741 WALNUT AVENUE SUITE 200 TUSTIN CA 92780
Ruben Mendoza	director, officer: President and CEO	2741 WALNUT AVENUE SUITE 200 TUSTIN CA 92780
John Gorey	officer: CFO	2741 WALNUT AVENUE SUITE 200 TUSTIN CA 92780
Alan Kirby Thompson	officer: SVP Sales & Marketing	2741 WALNUT AVENUE SUITE 200 TUSTIN CA 92780
James F Underhill	director	MRC GLOBAL INC., 2 HOUSTON CENTER, 909 FANNIN, SUITE 3100, HOUSTON TX 77010
Matthew J Espe	director
Richard James Tilley	officer: VP, Secretary, General Counsel	2741 WALNUT AVENUE SUITE 200 TUSTIN CA 92780
Fareed A Khan	director	USG CORPORATION, 125 SOUTH FRANKLIN STREET, CHICAGO IL 60606
Maureen Eugenia Harrell	director	2520 RED HILL AVE SANTA ANA CA 92705
Lsf9 Cypress Parent 2 Llc	10 percent owner	2711 N. HASKELL AVE. STE. 1700 DALLAS TX 75204
John P Grayken	10 percent owner	2711 NORTH HASKELL AVENUE SUITE 1700 DALLAS TX 75204
Allison Navitskas	director	511 E JOHN CARPENTER FREEWAY, IRVING TX 75062