Mueller Water Products, (FRA:JT5) Interest Expense : €-17 Mil (TTM As of Mar. 2024)

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What is Mueller Water Products, Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mueller Water Products,'s interest expense for the three months ended in Mar. 2024 was € -5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-17 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. Mueller Water Products,'s Operating Income for the three months ended in Mar. 2024 was € 60 Mil. Mueller Water Products,'s Interest Expense for the three months ended in Mar. 2024 was € -5 Mil. Mueller Water Products,'s Interest Coverage for the quarter that ended in Mar. 2024 was 13.41. 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.

Mueller Water Products, Interest Expense Historical Data

The historical data trend for Mueller Water 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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Mueller Water Products, Interest Expense Chart

Mueller Water Products, Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-20.16

-21.57

-19.30

-16.77

-16.30

Mueller Water 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															-3.83	-4.25	-4.31	-4.40	-4.51

Mueller Water 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 €-17 Mil.

Mueller Water Products, (FRA:JT5) 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.

Mueller Water Products,'s Interest Expense for the three months ended in Mar. 2024 was €-5 Mil. Its Operating Income for the three months ended in Mar. 2024 was €60 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €434 Mil.

Mueller Water 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	*	60.444	/	-4.508
	=	13.41

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

Mueller Water Products, (FRA:JT5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mueller Water Products, Inc. (FRA:JT5) » Definitions » Interest Expense

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Traded in Other Exchanges

MWA:USA

Address

1200 Abernathy Road N.E., Suite 1200, Atlanta, GA, USA, 30328

Website

https://www.muellerwaterproducts.com

Mueller Water Products, Inc. is a U.S.-based company that manufactures and sells products and services used in the transmission, distribution, and measurement of water. The company operates in two segments Water Flow Solutions and Water Management Solutions. Water Flow Solutions' portfolio includes iron gate valves, specialty valves and service brass products. Water Management Solutions' portfolio includes fire hydrants, repair and installation, natural gas, metering, leak detection, and pressure management and control products and solutions. The company derives a majority of its revenue from the United states.

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