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Great Lakes Dredge & Dock (FRA:5GL) Interest Expense : €-12.7 Mil (TTM As of Jun. 2024)


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What is Great Lakes Dredge & Dock Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Great Lakes Dredge & Dock's interest expense for the three months ended in Jun. 2024 was € -3.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was €-12.7 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. Great Lakes Dredge & Dock's Operating Income for the three months ended in Jun. 2024 was € 13.5 Mil. Great Lakes Dredge & Dock's Interest Expense for the three months ended in Jun. 2024 was € -3.9 Mil. Great Lakes Dredge & Dock's Interest Coverage for the quarter that ended in Jun. 2024 was 3.47. 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.

Great Lakes Dredge & Dock Interest Expense Historical Data

The historical data trend for Great Lakes Dredge & Dock'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.

* Premium members only.

Great Lakes Dredge & Dock Interest Expense Chart

Great Lakes Dredge & Dock Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -22.76 -20.53 -19.12 -13.32 -11.13

Great Lakes Dredge & Dock Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.93 -2.59 -2.58 -3.58 -3.90

Great Lakes Dredge & Dock 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-12.7 Mil.

* 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.

Great Lakes Dredge & Dock  (FRA:5GL) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Great Lakes Dredge & Dock's Interest Expense for the three months ended in Jun. 2024 was €-3.9 Mil. Its Operating Income for the three months ended in Jun. 2024 was €13.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was €427.9 Mil.

Great Lakes Dredge & Dock's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*13.549/-3.9
=3.47

* 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.

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

Great Lakes Dredge & Dock Business Description

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Traded in Other Exchanges
GLDD:USA
Address
9811 Katy Freeway, Suite 1200, Houston, TX, USA, 77024
Website
https://www.gldd.com
Great Lakes Dredge & Dock Corp is a provider of dredging services in the United States. Dredging involves the enhancement or preservation of navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand or rock. Its projects portfolio includes Coastal Restoration, Coastal Protection, Ports and Harbors, International, and Inland Dredging.

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