RHUHF (Richelieu Hardware) Interest Expense : $-8 Mil (TTM As of Aug. 2024)

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What is Richelieu Hardware Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Richelieu Hardware's interest expense for the three months ended in Aug. 2024 was $ -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Aug. 2024 was $-8 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. Richelieu Hardware's Operating Income for the three months ended in Aug. 2024 was $ 26 Mil. Richelieu Hardware's Interest Expense for the three months ended in Aug. 2024 was $ -2 Mil. Richelieu Hardware's Interest Coverage for the quarter that ended in Aug. 2024 was 11.81. 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.

Richelieu Hardware Interest Expense Historical Data

The historical data trend for Richelieu Hardware'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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Richelieu Hardware Interest Expense Chart

Richelieu Hardware Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Interest Expense

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-2.31

-2.05

-2.15

-5.31

-9.69

Richelieu Hardware Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Interest Expense	Get a 7-Day Free Trial															-2.34	-1.66	-1.86	-2.26	-2.21

Richelieu Hardware 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 Aug. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-8 Mil.

Richelieu Hardware (OTCPK:RHUHF) 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.

Richelieu Hardware's Interest Expense for the three months ended in Aug. 2024 was $-2 Mil. Its Operating Income for the three months ended in Aug. 2024 was $26 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Aug. 2024 was $120 Mil.

Richelieu Hardware's Interest Coverage for the quarter that ended in Aug. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Aug. 2024 )	/	Interest Expense (Q: Aug. 2024 )
	=	-1	*	26.069	/	-2.208
	=	11.81

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

Richelieu Hardware Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Richelieu Hardware Ltd (OTCPK:RHUHF) » Definitions » Interest Expense

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RCH:Canada

Address

7900 Henri-Bourassa Boulevard West, Ville Saint-Laurent, Montreal, QC, CAN, H4S 1V4

Website

https://www.richelieu.com

Richelieu Hardware Ltd is a Canada-based company that imports, manufactures, and distributes specialty hardware and complementary products. Headquartered in Montreal, the company operates across Canada and the eastern and midwestern regions of the United States. The majority of the company's sales are derived from its operations in Canada. Richelieu's products include furniture, bathroom cabinet, glass, decorative, window, and door hardware, lighting systems, and kitchen and closet storage. The firm majorly serves home furnishing manufacturers, residential and commercial woodworkers, hardware retailers, and renovation superstores.