Universal Stainless & Alloy Products (Universal Stainless & Alloy Products) Interest Expense : $-8.4 Mil (TTM As of Dec. 2023)

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What is Universal Stainless & Alloy Products Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Universal Stainless & Alloy Products's interest expense for the three months ended in Dec. 2023 was $ -2.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-8.4 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. Universal Stainless & Alloy Products's Operating Income for the three months ended in Dec. 2023 was $ 4.8 Mil. Universal Stainless & Alloy Products's Interest Expense for the three months ended in Dec. 2023 was $ -2.2 Mil. Universal Stainless & Alloy Products's Interest Coverage for the quarter that ended in Dec. 2023 was 2.18. 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.

Universal Stainless & Alloy Products Interest Expense Historical Data

The historical data trend for Universal Stainless & Alloy Products'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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Universal Stainless & Alloy Products Interest Expense Chart

Universal Stainless & Alloy Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-3.99

-3.01

-2.21

-4.39

-8.41

Universal Stainless & Alloy Products Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-1.59	-2.03	-2.05	-2.14	-2.20

Universal Stainless & Alloy Products 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 $-8.4 Mil.

Universal Stainless & Alloy Products (NAS:USAP) 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.

Universal Stainless & Alloy Products's Interest Expense for the three months ended in Dec. 2023 was $-2.2 Mil. Its Operating Income for the three months ended in Dec. 2023 was $4.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $81.9 Mil.

Universal Stainless & Alloy Products'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	*	4.804	/	-2.199
	=	2.18

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

Universal Stainless & Alloy Products (Universal Stainless & Alloy Products) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Universal Stainless & Alloy Products Inc (NAS:USAP) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

US6:Germany

Address

600 Mayer Street, Bridgeville, PA, USA, 15017

Website

https://www.univstainless.com

Universal Stainless & Alloy Products Inc manufactures and markets semi-finished and finished specialty steel products, including stainless steel, nickel alloys, tool steel, and certain other alloyed steels. The company along with its subsidiaries involves melting, remelting, heat treating, hot and cold rolling, forging, machining and cold drawing of semi-finished and finished specialty steels.

Executives

Udi Toledano	director	51 DUFFIELD DRIVE, S. ORANGE NJ 07079
M. David Kornblatt	director	1214 ROUND HILL ROAD, BRYN MAWR PA 19010
Judith L Bacchus	director	525 WILLIAM PENN PLACE, 33RD FLOOR, PITTSBURGH PA 15219
Christopher L Ayers	director	5626 MISSION DRIVE, MISSION HILL KS 66208
Dennis M Oates	director, officer: Chairman, President and CEO	600 MAYER STREET, BRIDGEVILLE PA 15017
Steven Ditommaso	officer: VP and CFO	600 MAYER STREET, BRIDGEVILLE PA 15017
Wendel Crosby	officer: Vice President of Manufacturin	600 MAYER STREET, BRIDGEVILLE PA 15017
Christopher M Zimmer	officer: Exec. V. P. & CCO	600 MAYER STREET, BRIDGEVILLE PA 15017
John Arminas	officer: VP, Gen. Counsel & Secretary	600 MAYER STREET, BRIDGEVILLE PA 15017
Christopher Thomas Scanlon	officer: VP Finance, Treasurer & CFO	415 HOLIDAY DRIVE, PITTSBURGH PA 15520
Graham Mcintosh	officer: V. P. Technology & Chief Techn	600 MAYER STREET, BRIDGEVILLE PA 15017
Alyssa H Snider	officer: VP & CHRO	600 MAYER STREET, BRIDGEVILLE PA 15017
Paul A Mcgrath	officer: V.P. Admin., General Counsel	600 MAYER STREET, BRIDGEVILLE PA 15017
Ross C Wilkin	officer: V.P. Finance, CFO & Treasurer	600 MAYER STREET, BRIDGEVILLE PA 15017
Larry J Pollock	officer: Exec. V.P. & CMO	600 MAYER STREET, BRIDGEVILLE PA 15017