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MSC Industrial Direct Co (FRA:98M) Interest Expense : €-24 Mil (TTM As of Aug. 2024)


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What is MSC Industrial Direct Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MSC Industrial Direct Co's interest expense for the three months ended in Aug. 2024 was € -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Aug. 2024 was €-24 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. MSC Industrial Direct Co's Operating Income for the three months ended in Aug. 2024 was € 85 Mil. MSC Industrial Direct Co's Interest Expense for the three months ended in Aug. 2024 was € -6 Mil. MSC Industrial Direct Co's Interest Coverage for the quarter that ended in Aug. 2024 was 14.15. 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.

MSC Industrial Direct Co Interest Expense Historical Data

The historical data trend for MSC Industrial Direct Co'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.

MSC Industrial Direct Co Interest Expense Chart

MSC Industrial Direct Co Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -14.09 -12.33 -17.37 -20.67 -23.37

MSC Industrial Direct Co Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
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 -4.25 -4.92 -6.44 -6.37 -6.00

MSC Industrial Direct Co 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 Aug. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-24 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.

MSC Industrial Direct Co  (FRA:98M) 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.

MSC Industrial Direct Co's Interest Expense for the three months ended in Aug. 2024 was €-6 Mil. Its Operating Income for the three months ended in Aug. 2024 was €85 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Aug. 2024 was €287 Mil.

MSC Industrial Direct Co's Interest Coverage for the quarter that ended in Aug. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Aug. 2024 )/Interest Expense (Q: Aug. 2024 )
=-1*84.892/-6
=14.15

* 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.

MSC Industrial Direct Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » MSC Industrial Direct Co Inc (FRA:98M) » Definitions » Interest Expense
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Traded in Other Exchanges
MSM:USA 98M:Germany
Address
515 Broadhollow Road, Suite 1000, Melville, NY, USA, 11747
Website
https://www.mscdirect.com
MSC Industrial Direct is one of the largest industrial distributors with a focus on metalworking and maintenance, repair, and operations products and services. The company offers over 2 million products through its distribution network, which has 11 fulfillment centers. Although MSC has a presence in Canada, Mexico, and the United Kingdom, it primarily operates in the United States. In fiscal 2023, 95% of the firm's $4.0 billion of sales was generated in the US.

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