SCCI (Shimmick Construction Company) Interest Expense: $-1.49 Mil (TTM As of Jun. 2015)


What is Shimmick Construction Company Interest Expense?

Shimmick Construction Company SCCI Interest Expense is $-1.49 Mil as of Jun. 2015.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shimmick Construction Company's interest expense for the six months ended in Jun. 2015 was $ -0.67 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2015 was $-1.49 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. Shimmick Construction Company's Operating Income for the six months ended in Jun. 2015 was $ 8.80 Mil. Shimmick Construction Company's Interest Expense for the six months ended in Jun. 2015 was $ -0.67 Mil. Shimmick Construction Company's Interest Coverage for the quarter that ended in Jun. 2015 was 13.24. 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.

Shimmick Construction Company  (NAS:SCCI) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Shimmick Construction Company's Interest Expense for the six months ended in Jun. 2015 was $-0.67 Mil. Its Operating Income for the six months ended in Jun. 2015 was $8.80 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2015 was $25.25 Mil.

Shimmick Construction Company's Interest Coverage for the quarter that ended in Jun. 2015 is calculated as

Interest Coverage=-1* Operating Income (Q: Jun. 2015 )/Interest Expense (Q: Jun. 2015 )
=-1*8.802/-0.665
=13.24

* 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.

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

Shimmick Construction Company Interest Expense Historical Data

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The historical data trend for Shimmick Construction Company'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.

Shimmick Construction Company Interest Expense Chart

Shimmick Construction Company Annual Data
Trend Dec13 Dec14
Interest Expense
-1.10 -1.42

Shimmick Construction Company Semi-Annual Data
Dec13 Jun14 Dec14 Jun15
Interest Expense 0.00 -0.60 -0.82 -0.67

Shimmick Construction Company 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 Jun. 2015 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-1.49 Mil.

* 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of $-1.49 Mil mean?
Shimmick Construction Company (SCCI) has a Interest Expense of $-1.49 Mil as of Jun. 2015. Interest Expense is the amount a company pays on its long-term debt. View historical data on Shimmick Construction Company and its competitors.
Is Shimmick Construction Company's Interest Expense too high?
Shimmick Construction Company's current Interest Expense is $-1.49 Mil.
How does Shimmick Construction Company's Interest Expense compare to TSSI and SWMM?
Shimmick Construction Company's Interest Expense of $-1.49 Mil can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for a Construction company?
A good Interest Expense depends on the Construction industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Shimmick Construction Company and its competitors. Shimmick Construction Company's current Interest Expense is $-1.49 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shimmick Construction Company stock overvalued right now?
Shimmick Construction Company (SCCI) has a current Interest Expense of $-1.49 Mil. The current Interest Expense is $-1.49 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For Shimmick Construction Company (SCCI), the current Interest Expense is $-1.49 Mil as of Jun. 2015. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Shimmick Construction Company Business Description

Shimmick Construction Company Inc is a heavy civil construction company founded in 1990. The Company is engaged in construction activities in the western United States, with operations in California. The Company offers general construction, construction management, and design-build services to federal, state, and local public agencies and private customers in California and the Western United States. The Company operates in two segments including construction Projects and Construction Materials. The Construction Projects segment performs construction projects including new construction and improvement of streets, roads, highways, bridges, site work, underground, power-related facilities, utilities and other infrastructure projects. The Construction Materials segment mines and processes aggregates and operates plants that produce construction materials for internal use and for sale to third parties. The Company's customers include Caltrans, City of San Francisco, Port of Long Beach, Port of Los Angeles, City of Los Angeles, LA MTA, BART, VTA, and the Metropolitan Water District of Southern California (MWD). The Company faces competition from competitors including Balfour Beatty plc, Barnard Construction Company, Inc., Dragados S.A., Flatiron Construction Corp., Fluor Corporation, Granite Construction Incorporated, Kiewit Corporation, Obayashi Corporation, Skanska AB, Traylor Bros., Inc., Tutor Perini Corporation, and Walsh Construction Co. The Company's business is subject to various federal, state and local laws and regulations relating to the environment, including those relating to discharges to air, water and land, the handling and disposal of solid and hazardous waste, the handling of underground storage tanks and the cleanup of properties affected by hazardous substances.