Installed Building Products (FRA:2IL) Interest Expense : €-36 Mil (TTM As of Mar. 2024)

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What is Installed Building Products Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Installed Building Products's interest expense for the three months ended in Mar. 2024 was € -11 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-36 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. Installed Building Products's Operating Income for the three months ended in Mar. 2024 was € 81 Mil. Installed Building Products's Interest Expense for the three months ended in Mar. 2024 was € -11 Mil. Installed Building Products's Interest Coverage for the quarter that ended in Mar. 2024 was 7.39. 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.

Installed Building Products Interest Expense Historical Data

The historical data trend for Installed Building Products'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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Installed Building Products Interest Expense Chart

Installed Building Products Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-25.29

-24.90

-29.03

-39.27

-33.93

Installed Building Products Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-9.06	-9.07	-9.11	-7.14	-10.95

Installed Building Products 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-36 Mil.

Installed Building Products (FRA:2IL) 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.

Installed Building Products's Interest Expense for the three months ended in Mar. 2024 was €-11 Mil. Its Operating Income for the three months ended in Mar. 2024 was €81 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €829 Mil.

Installed Building Products's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	80.868	/	-10.948
	=	7.39

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

Installed Building Products (FRA:2IL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Installed Building Products Inc (FRA:2IL) » Definitions » Interest Expense

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Traded in Other Exchanges

IBP:USA

Address

495 South High Street, Suite 50, Columbus, OH, USA, 43215

Website

https://www.installedbuildingproducts.com

Installed Building Products Inc is an insulation installer serving the residential new construction market and are also a diversified installer of complementary building products, including waterproofing, fire-stopping and fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving, mirrors and other products throughout the United States. The company installs fiberglass insulation, spray foam insulation, and cellulose insulation. The company has three operating segments consisting of Installation, Manufacturing and Distribution operations. Majority of revenue is generated from Installation segment.

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