Andersons (Andersons) Interest Expense

: $-47 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Andersons's interest expense for the three months ended in Dec. 2023 was $ -8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-47 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. Andersons's Operating Income for the three months ended in Dec. 2023 was $ 85 Mil. Andersons's Interest Expense for the three months ended in Dec. 2023 was $ -8 Mil. Andersons's Interest Coverage for the quarter that ended in Dec. 2023 was 10.49. 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.

Andersons Interest Expense Historical Data

The historical data trend for Andersons'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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Andersons Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-43.21

-33.78

-37.29

-56.85

-46.87

Andersons Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-14.09	-16.63	-13.95	-8.19	-8.10

Andersons 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 $-47 Mil.

Andersons (NAS:ANDE) 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.

Andersons's Interest Expense for the three months ended in Dec. 2023 was $-8 Mil. Its Operating Income for the three months ended in Dec. 2023 was $85 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $595 Mil.

Andersons'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	*	85.002	/	-8.101
	=	10.49

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

Andersons (Andersons) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Andersons Inc (NAS:ANDE) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

AKG:Germany

Address

1947 Briarfield Boulevard, PO Box 119, Maumee, OH, USA, 43537

Website

https://www.andersonsinc.com

Andersons Inc is an agriculture company that conducts business in North America. Its operations are segmented into trade, ethanol, plant nutrient, and rail. The trade group operates grain elevators and generates income through buying and selling grains, fuel, and space leasing. The trade group contributes over half the company's revenue. The ethanol segment buys and sells corn oil and ethanol, offers facility operations, and invests in ethanol plants. The plant nutrient group manufactures, distributes, and sells fertilizer and plant nutrients. The company's rail segment leases, repairs, and sells railway facilities.

Executives

Patrick E. Bowe	director, officer: President & CEO	P O BOX 119, MAUMEE OH 43537
Michael J Anderson	director	C/O INTERSTATE BAKERIES CORP, 12 EAST ARMOUR BLVD, KANSAS CITY MO 64111
Brian K. Walz	officer: VP-Treasurer	P.O. BOX 119, MAUMEE OH 43537
William E. Krueger	officer: President, ATG Comm. & Merch.	P.O. BOX 119, MAUMEE OH 43537
Sarah Zibbel	officer: EVP & Chief HR Officer	P.O. BOX 119, MAUMEE OH 43537
Anne G Rex	officer: VP, Strategy, Planning and Dev	PO BOX 119, MAUMEE OH 43537
Steven K. Campbell	director	P.O. BOX 119, MAUMEE OH 43537
Gary A. Douglas	director	P.O. BOX 119, MAUMEE OH 43537
King Robert J Jr	director	FIFTH THIRD BANCORP, 38 FOUNTAIN SQ PLZ, CINCINNATI OH 45263
Pamela S Hershberger	director	P.O. BOX 119, MAUMEE OH 43537
Patrick S. Mullin	director	1500 KEY TOWER, 127 PUBLIC SQUARE, CLEVELAND OH 44114
Ross W Manire	director	150 CARLTON AVENUE, GLEN ELLYN IL 20137
Gerard M Anderson	director	ONE ENERGY PLAZA, LEGAL DEPARTMENT, DETROIT MI 48226
Catherine M Kilbane	director
Michael T. Hoelter	officer: Corporate Controller	P.O. BOX 119, MAUMEE OH 43537