Kadant (Kadant) Interest Expense : $-8.4 Mil (TTM As of Dec. 2023)

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What is Kadant Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kadant's interest expense for the three months ended in Dec. 2023 was $ -1.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-8.4 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. Kadant's Operating Income for the three months ended in Dec. 2023 was $ 38.7 Mil. Kadant's Interest Expense for the three months ended in Dec. 2023 was $ -1.7 Mil. Kadant's Interest Coverage for the quarter that ended in Dec. 2023 was 23.09. 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.

Kadant Interest Expense Historical Data

The historical data trend for Kadant'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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Kadant Interest Expense Chart

Kadant Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-12.76

-7.42

-4.82

-6.48

-8.40

Kadant Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-2.16	-2.37	-2.25	-2.11	-1.68

Kadant 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-8.4 Mil.

Kadant (NYSE:KAI) 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.

Kadant's Interest Expense for the three months ended in Dec. 2023 was $-1.7 Mil. Its Operating Income for the three months ended in Dec. 2023 was $38.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $107.7 Mil.

Kadant's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	38.701	/	-1.676
	=	23.09

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

Kadant (Kadant) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kadant Inc (NYSE:KAI) » Definitions » Interest Expense

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Traded in Other Exchanges

KDA:Germany

Address

One Technology Park Drive, Westford, MA, USA, 01886

Website

https://www.kadant.com

Kadant Inc. supplies process and engineering equipment for papermaking, recycling, lumber manufacturing, and related industries. The company's three reportable segments are: Flow Control segment which consists of the fluid-handling and doctoring, cleaning, & filtration product lines; Industrial Processing segment which consists of the wood processing and stock-preparation product lines; and Material handling systems, which provides conveyor-belt equipment for industries such as mining, food processing, and packaging. The company has a global presence with sizable revenue from the U.S., Europe, Asia, and Canada.

Executives

Thomas Andrew Blanchard	officer: Vice President	KADANT INC., 1 TECHNOLOGY PARK DRIVE, WESTFORD MA 01886
Michael C. Colwell	officer: Vice President	KADANT INC., 1 TECHNOLOGY PARK DRIVE, WESTFORD MA 01886
Erin L Russell	director	245 PARK AVENUE, 41ST FLOOR, NEW YORK NY 10167
John M Albertine	director	100 FEDERAL DRIVE, FREDERICKSBURG VA 22405
Dara F Mitchell	officer: Senior VP, Corp. Development	1 TECHNOLOGY PARK DRIVE, WESTFORD MA 01886
Peter J. Flynn	officer: Vice President	KADANT INC., 1 TECHNOLOGY PARK DRIVE, WESTFORD MA 01886
Fredrik H Westerhout	officer: Vice President	KADANT INC., 1 TECHNOLOGY PARK DRIVE, WESTFORD MA 01886
Stacy D. Krause	officer: VP, General Counsel, Secretary	KADANT INC., 1 TECHNOLOGY PARK DRIVE, WESTFORD MA 01886
Michael J Mckenney	officer: VICE PRESIDENT	ONE ACTON PLACE STE.200, ACTON MA 01720
William P Tully	director	1 TECHNOLOGY PARK DRIVE, 1 TECHNOLOGY PARK DRIVE, WESTFORD MA 01886
Rebecca Martinez O'mara	director	KADANT INC., 1 TECHNOLOGY PARK DRIVE, WESTFORD MA 01886
Thomas C Leonard	director	KADANT INC., 1 TECHONOLOGY PARK DRIVE, WESTFORD MA 01886
Eric T Langevin	officer: Vice President	KADANT INC., ONE ACTON PLACE, SUITE 202, ACTON MA 01720
Jeffrey L Powell	officer: EXECUTIVE VICE PRESIDENT	1 WALNUT STREET, ACTON MA 01720
Jonathan W Painter	officer: EXECUTIVE VICE PRESIDENT	ONE ACTO PLACE, SUITE 202, ACTON MA 01720