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Carriage Services (STU:C57) Interest Expense : €-31.3 Mil (TTM As of Sep. 2024)


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What is Carriage Services Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Carriage Services's interest expense for the three months ended in Sep. 2024 was € -7.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was €-31.3 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. Carriage Services's Operating Income for the three months ended in Sep. 2024 was € 21.0 Mil. Carriage Services's Interest Expense for the three months ended in Sep. 2024 was € -7.2 Mil. Carriage Services's Interest Coverage for the quarter that ended in Sep. 2024 was 2.90. 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.

Carriage Services Interest Expense Historical Data

The historical data trend for Carriage Services'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.

Carriage Services Interest Expense Chart

Carriage Services Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -23.19 -26.91 -22.54 -24.45 -33.26

Carriage Services Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -8.69 -8.30 -8.02 -7.73 -7.24

Carriage Services 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-31.3 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.

Carriage Services  (STU:C57) 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.

Carriage Services's Interest Expense for the three months ended in Sep. 2024 was €-7.2 Mil. Its Operating Income for the three months ended in Sep. 2024 was €21.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was €505.3 Mil.

Carriage Services's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*20.979/-7.24
=2.90

* 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.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Carriage Services Inc interest coverage is 2.55, which is low.

Carriage Services Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Carriage Services Inc (STU:C57) » Definitions » Interest Expense
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Traded in Other Exchanges
CSV:USA
Address
3040 Post Oak Boulevard, Suite 300, Houston, TX, USA, 77056
Website
https://www.carriageservices.com
Carriage Services Inc is a provider of funeral and cemetery services and merchandise in the United States. It operates in two business segments: The Funeral Home Operations segment offers burial, cremation, and consultation services; removes and prepares remains; sells caskets, urns, and related funeral merchandise; and enables the use of funeral home facilities for visitation, remembrance, and transportation services. The Cemetery Operations segment provides services, such as mausoleum crypts, private estates, lawn crypt gardens, traditional single burial gravesites, and burial vaults. The majority of revenue is derived from The Funeral Home Operations segment.

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