HII (Huntington Ingalls Industries) Interest Expense : $-93 Mil (TTM As of Sep. 2024)

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What is Huntington Ingalls Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Huntington Ingalls Industries's interest expense for the three months ended in Sep. 2024 was $ -23 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-93 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. Huntington Ingalls Industries's Operating Income for the three months ended in Sep. 2024 was $ 70 Mil. Huntington Ingalls Industries's Interest Expense for the three months ended in Sep. 2024 was $ -23 Mil. Huntington Ingalls Industries's Interest Coverage for the quarter that ended in Sep. 2024 was 3.04. 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.

Huntington Ingalls Industries Interest Expense Historical Data

The historical data trend for Huntington Ingalls 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.

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Huntington Ingalls Industries Interest Expense Chart

Huntington Ingalls Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-70.00

-114.00

-89.00

-102.00

-95.00

Huntington Ingalls Industries Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-22.00	-25.00	-21.00	-24.00	-23.00

Huntington Ingalls 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-93 Mil.

Huntington Ingalls Industries (NYSE:HII) 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.

Huntington Ingalls Industries's Interest Expense for the three months ended in Sep. 2024 was $-23 Mil. Its Operating Income for the three months ended in Sep. 2024 was $70 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $1,922 Mil.

Huntington Ingalls Industries's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	70	/	-23
	=	3.04

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

Huntington Ingalls Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Huntington Ingalls Industries Inc (NYSE:HII) » Definitions » Interest Expense

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Traded in Other Exchanges

0J76:UK HI4:Germany H1II34:Brazil

Address

4101 Washington Avenue, Newport News, VA, USA, 23607

Website

https://www.huntingtoningalls.com

Huntington Ingalls Industries is the largest independent military shipbuilder in the US, spun off of Northrop Grumman in 2011. It operates three segments, two of which are storied shipyards: Ingalls produces non-nuclear-powered ships including amphibious landing ships and Arleigh Burke-class destroyers while Newport News produces nuclear-powered ships as the only producer of Gerald Ford-class aircraft carriers and a major subcontractor on Virginia and Columbia-class nuclear submarines. Huntington Ingalls shares production of destroyers and nuclear submarines with General Dynamics' Bath Iron Works and Electric Boat shipyards, respectively. The company's Mission Technologies segment produces uncrewed sea vessels and provides a range of IT and other services to US government agencies.

Executives

D R Wyatt	officer: Corp VP & Treasurer	C/O HUNTINGTON INGALLS INDUSTRIES, INC., 4101 WASHINGTON AVENUE, NEWPORT NEWS VA 23607
Frank R Jimenez	director	GE HEALTHCARE TECHNOLOGIES INC., 500 W. MONROE ST., CHICAGO IL 606061
Hughes Edmond E. Jr.	officer: Ex VP & Chief HR Officer	C/O HUNTINGTON INGALLS INDUSTRIES, INC., 4101 WASHINGTON AVE. BLDG 909-7, NEWPORT NEWS VA 23607
Jennifer R. Boykin	officer: Vice President, Engineering	C/O HUNTINGTON INGALLS INDUSTRIES, INC., 4101 WASHINGTON AVENUE, NEWPORT NEWS VA 23607
Green Edgar A Iii	officer: Ex VP, Pres. HII Technical Sol	C/O HUNTINGTON INGALLS INDUSTRIES, INC., 4101 WASHINGTON AVENUE, NEWPORT NEWS VA 23607
Nicolas G Schuck	officer: Corp VP, Controller & CAO	C/OHUNTINGTON INGALLS INDUSTRIES, 4101 WASHINGTON AVENUE, NEWPORT NEWS VA 23607
Craig S. Faller	director	C/O HUNTINGTON INGALLS INDUSTRIES, INC., 4101 WASHINGTON AVE., NEWPORT NEWS VA 23607
Chad N. Boudreaux	officer: Ex VP & Chief Legal Officer	C/O 4101 WASHINGTON AVENUE, BLDG 909-7, NEWPORT NEWS VA 23607
Christopher W. Soong	officer: Ex VP & CIO	C/O HUNTINGTON INGALLS INDUSTRIES, INC., 4101 WASHINGTON AVE., NEWPORT NEWS VA 23607
Anastasi D Kelly	director	88317 WOODLEA MILL ROAD, MCLEAN VA 22102
Eric D. Chewning	officer: Ex VP, Strategy & Development	C/O HUNTINGTON INGALLS INDUSTRIES, INC., 4101 WASHINGTON AVE., NEWPORT NEWS VA 23607
Leo P Denault	director
Todd A. Borkey	officer: Ex VP & Chief Technology Offic	C/O HUNTINGTON INGALLS INDUSTRIES, INC., 4101 WASHINGTON AVE., NEWPORT NEWS VA 23607
Paul C. Harris	officer: Ex VP & Chief Sustainability	C/O HUNTINGTON INGALLS INDUSTRIES, 4101 WASHINGTON AVE BLDG 909-7, NEWPORT NEWS VA 23607
William R Ermatinger	officer: Corp VP & Chief HR Officer	C/O HUNTINGTON INGALLS INDUSTRIES, INC., 4101 WASHINGTON AVENUE, NEWPORT NEWS VA 23607