Hovnanian Enterprises (Hovnanian Enterprises) Interest Expense : $-44 Mil (TTM As of Apr. 2024)

View and export this data going back to . Start your Free Trial

What is Hovnanian Enterprises Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hovnanian Enterprises's interest expense for the three months ended in Apr. 2024 was $ -9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Apr. 2024 was $-44 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. Hovnanian Enterprises's Operating Income for the three months ended in Apr. 2024 was $ 64 Mil. Hovnanian Enterprises's Interest Expense for the three months ended in Apr. 2024 was $ -9 Mil. Hovnanian Enterprises's Interest Coverage for the quarter that ended in Apr. 2024 was 7.14. 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.

Hovnanian Enterprises Interest Expense Historical Data

The historical data trend for Hovnanian Enterprises'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.

Hovnanian Enterprises Interest Expense Chart

Hovnanian Enterprises Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Interest Expense

Get a 7-Day Free Trial

-90.06

-103.80

-77.72

-47.34

-54.08

Hovnanian Enterprises Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Interest Expense	Get a 7-Day Free Trial															-14.50	-13.50	-10.99	-10.45	-8.97

Hovnanian Enterprises 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 Apr. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-44 Mil.

Hovnanian Enterprises (OTCPK:HOVVB) 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.

Hovnanian Enterprises's Interest Expense for the three months ended in Apr. 2024 was $-9 Mil. Its Operating Income for the three months ended in Apr. 2024 was $64 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Apr. 2024 was $1,019 Mil.

Hovnanian Enterprises's Interest Coverage for the quarter that ended in Apr. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Apr. 2024 )	/	Interest Expense (Q: Apr. 2024 )
	=	-1	*	64.069	/	-8.969
	=	7.14

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

Hovnanian Enterprises (Hovnanian Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Hovnanian Enterprises Inc (OTCPK:HOVVB) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

HOV:USA HOVNP.PFD:USA HO3A:Germany

Address

90 Matawan Road, Fifth Floor, Matawan, NJ, USA, 07747

Website

https://www.khov.com

Hovnanian Enterprises Inc conducts all of its homebuilding and financial services operations . The company designs, constructs, markets, and sells single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes in planned residential developments. It has two distinct operations: homebuilding and financial services. Its homebuilding operations are divided geographically into three segments; Northeast which includes Delaware, Maryland, New Jersey, Ohio, Pennsylvania, Virginia and West Virginia; Southeast which includes Florida, Georgia and South Carolina; and West which includes Arizona, California and Texas. The firm generates maximum revenue from West Segment.