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Acme United (FRA:UT1) Interest Expense : €-2.5 Mil (TTM As of Mar. 2024)


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What is Acme United Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Acme United's interest expense for the three months ended in Mar. 2024 was € -0.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-2.5 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. Acme United's Operating Income for the three months ended in Mar. 2024 was € 2.4 Mil. Acme United's Interest Expense for the three months ended in Mar. 2024 was € -0.4 Mil. Acme United's Interest Coverage for the quarter that ended in Mar. 2024 was 5.37. 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.

Acme United Interest Expense Historical Data

The historical data trend for Acme United'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.

Acme United Interest Expense Chart

Acme United 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 -1.65 -0.78 -0.82 -2.26 -2.84

Acme United 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 -0.86 -0.79 -0.77 -0.46 -0.44

Acme United 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 €-2.5 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.

Acme United  (FRA:UT1) 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.

Acme United's Interest Expense for the three months ended in Mar. 2024 was €-0.4 Mil. Its Operating Income for the three months ended in Mar. 2024 was €2.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €34.5 Mil.

Acme United'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*2.353/-0.438
=5.37

* 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.

Acme United (FRA:UT1) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Acme United Corp (FRA:UT1) » Definitions » Interest Expense
Comparable Companies
GROV UG PGID NASO SLGD PURE BMXC SNBH CAWW MNKA PG XPAR:OR LSE:ULVR CL BOM:500696 EL KMB LSE:RKT KVUE XTER:BEI
Traded in Other Exchanges
ACU:USA
Address
1 Waterview Drive, Shelton, CT, USA, 06484
Website
https://www.acmeunited.com
Acme United Corp is a supplier of first aid and medical products and cutting technology to the school, home, office, hardware, sporting goods, and industrial markets. Its principal products sold across all segments are first aid kits and medical products, scissors, shears, knives, rulers, pencil sharpeners, and sharpening tools. The Company sells its products to mass market and e-commerce retailers, industrial distributors, wholesale, contract, and retail stationery distributors, office supply superstores, sporting goods stores, and hardware chains. The Company's reportable business segments consist of the United States, Canada, and Europe, out of which a majority of the company's revenue is derived from the United States.

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