Griffon (FRA:GFF) Interest Expense : €-97 Mil (TTM As of Mar. 2024)

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What is Griffon Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Griffon's interest expense for the three months ended in Mar. 2024 was € -24 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-97 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. Griffon's Operating Income for the three months ended in Mar. 2024 was € 104 Mil. Griffon's Interest Expense for the three months ended in Mar. 2024 was € -24 Mil. Griffon's Interest Coverage for the quarter that ended in Mar. 2024 was 4.34. 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.

Griffon Interest Expense Historical Data

The historical data trend for Griffon'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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Griffon Interest Expense Chart

Griffon Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-62.03

-56.50

-53.70

-85.22

-95.05

Griffon 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															-23.24	-23.67	-24.62	-24.93	-24.06

Griffon 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 €-97 Mil.

Griffon (FRA:GFF) 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.

Griffon's Interest Expense for the three months ended in Mar. 2024 was €-24 Mil. Its Operating Income for the three months ended in Mar. 2024 was €104 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €1,585 Mil.

Griffon'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	*	104.404	/	-24.057
	=	4.34

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

Griffon (FRA:GFF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Griffon Corp (FRA:GFF) » Definitions » Interest Expense

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GFF:USA

Address

712 Fifth Avenue, 18th Floor, New York, NY, USA, 10019

Website

https://www.griffon.com

Griffon Corp manufactures and markets residential, commercial and industrial garage doors to professional installing dealers and home center retail chains. It also provides non-powered landscaping products for homeowners and professionals. Its operating segments include Consumer and Professional Products and Home and Building Products. The company generates a majority of its revenue from the Home and Building Products segment.