Reliance Worldwide (Reliance Worldwide) Interest Expense : $-31 Mil (TTM As of Dec. 2023)

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What is Reliance Worldwide Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Reliance Worldwide's interest expense for the six months ended in Dec. 2023 was $ -15 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-31 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. Reliance Worldwide's Operating Income for the six months ended in Dec. 2023 was $ 53 Mil. Reliance Worldwide's Interest Expense for the six months ended in Dec. 2023 was $ -15 Mil. Reliance Worldwide's Interest Coverage for the quarter that ended in Dec. 2023 was 3.48. 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.

Reliance Worldwide Interest Expense Historical Data

The historical data trend for Reliance Worldwide'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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Reliance Worldwide Interest Expense Chart

Reliance Worldwide Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-15.94

-11.24

-6.53

-12.53

-28.90

Reliance Worldwide Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial										-4.58	-7.95	-13.50	-15.40	-15.17

Reliance Worldwide 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 semi-annually data reported by the company within the most recent 12 months, which was $-31 Mil.

Reliance Worldwide (OTCPK:RLLWF) 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.

Reliance Worldwide's Interest Expense for the six months ended in Dec. 2023 was $-15 Mil. Its Operating Income for the six months ended in Dec. 2023 was $53 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $505 Mil.

Reliance Worldwide'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	*	52.822	/	-15.172
	=	3.48

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

Reliance Worldwide (Reliance Worldwide) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Reliance Worldwide Corp Ltd (OTCPK:RLLWF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

0EU:Germany RWC:Australia

Address

140 William Street, Level 26, Melbourne, VIC, AUS, 3000

Website

https://www.rwc.com

Reliance Worldwide designs, manufactures, and supplies branded plumbing products which are sold across North America, Asia-Pacific, and Europe. The company focuses on push-to-connect plumbing products, including fitting, pipes and valves, under its brands SharkBite, JG Speedfit, and EvoPex. Reliance's products are used in residential and commercial applications for the residential renovation, maintenance, and home improvement end-markets. Reliance sells around 45% of its products to plumbing wholesalers and merchants, 35% to hardware and home improvement retailers (including Home Depot, Lowe's, and Reece) and 20% to original equipment manufacturers of hot water systems.