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Insteel Industries (FRA:HZ8) Interest Expense : €-0.1 Mil (TTM As of Mar. 2024)


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What is Insteel Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Insteel Industries's interest expense for the three months ended in Mar. 2024 was € -0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-0.1 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. Insteel Industries's Operating Income for the three months ended in Mar. 2024 was € 7.2 Mil. Insteel Industries's Interest Expense for the three months ended in Mar. 2024 was € -0.0 Mil. Insteel Industries's Interest Coverage for the quarter that ended in Mar. 2024 was 277.42. 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.

Insteel Industries Interest Expense Historical Data

The historical data trend for Insteel Industries'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.

Insteel Industries Interest Expense Chart

Insteel Industries Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.15 -0.09 -0.08 -0.09 -0.08

Insteel Industries 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 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 -0.02 -0.02 -0.02 -0.03 -0.03

Insteel Industries 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 €-0.1 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.

Insteel Industries  (FRA:HZ8) 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.

Insteel Industries's Interest Expense for the three months ended in Mar. 2024 was €-0.0 Mil. Its Operating Income for the three months ended in Mar. 2024 was €7.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €1.1 Mil.

Insteel Industries'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*7.213/-0.026
=277.42

* 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.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Insteel Industries Inc has enough cash to cover all of its debt. Its financial situation is stable.

Insteel Industries (FRA:HZ8) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Insteel Industries Inc (FRA:HZ8) » Definitions » Interest Expense
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Traded in Other Exchanges
IIIN:USA
Address
1373 Boggs Drive, Mount Airy, NC, USA, 27030
Website
https://www.insteel.com
Insteel Industries Inc manufactures steel wire reinforcing products for concrete construction applications. It manufactures and markets PC strand and welded wire reinforcement, including ESM, concrete pipe reinforcement, and standard welded wire reinforcement. The company's products are sold primarily to manufacturers of concrete products that are used in nonresidential construction. Its concrete reinforcing products consist of two product lines: PC strand and WWR. Insteel generates its geographical revenue from the United States.

Insteel Industries (FRA:HZ8) Headlines

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