Encore Wire (Encore Wire) Interest Expense : $0 Mil (TTM As of Dec. 2023)

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What is Encore Wire Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Encore Wire's interest expense for the three months ended in Dec. 2023 was $ 0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $0 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. Encore Wire's Operating Income for the three months ended in Dec. 2023 was $ 80 Mil. Encore Wire's Interest Expense for the three months ended in Dec. 2023 was $ 0 Mil. Encore Wire has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Encore Wire Interest Expense Historical Data

The historical data trend for Encore Wire'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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Encore Wire Interest Expense Chart

Encore Wire Annual Data

Trend

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Interest Expense

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Encore Wire Quarterly Data
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Encore Wire 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 $0 Mil.

Encore Wire (NAS:WIRE) 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.

Encore Wire's Interest Expense for the three months ended in Dec. 2023 was $0 Mil. Its Operating Income for the three months ended in Dec. 2023 was $80 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $0 Mil.

Encore Wire's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Encore Wire had no long-term debt ⁽¹⁾.

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

Good Sign:

Encore Wire Corp has no debt.

Encore Wire (Encore Wire) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Encore Wire Corp (NAS:WIRE) » Definitions » Interest Expense

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Traded in Other Exchanges

EW3:Germany

Address

1329 Millwood Road, McKinney, TX, USA, 75069

Website

https://www.encorewire.com

Encore Wire Corp is engaged in manufacturing electrical building wire and cable. It supplies building wire for interior electrical wiring in commercial and industrial buildings, homes, apartments, and manufactured housing. The company's principal customers are wholesale electrical distributors, who sell building wire and a variety of other products to electrical contractors. Encore offers an electrical building wire product line that consists primarily of NM-B cable, UF-B cable, THHN/THWN-2, XHHW-2, RHH/RHW-2, and other types of wire products, including tray cable, metal-clad, and armored cable.

Executives

William Kelvin Walker	director	1329 MILLWOOD ROAD, MCKINNEY TX 75069
Matthew D. Ford	officer: Controller	1329 MILLWOOD ROAD, MCKINNEY TX 75069
Daniel L Jones	director, officer: Chairman, President & CEO	1410 MILLWOOD RD, C/O ENCORE WIRE CORP, MCKINNEY TX 75069
Bret J Eckert	officer: Vice President - Finance & CFO	P O BOX 650205, DALLAS TX 75265
Gregory J Fisher	director	14643 DALLAS PAKWAY, STE 1000, DALLAS TX 75254-8890
Scott D Weaver	director	C/O WESTERN REFINING, INC., 6500 TROWBRIDGE DRIVE, EL PASO TX 79905
Thomas William R Iii	director	12900 PRESTON ROAD, SUITE 700, DALLAS TX 75230
John H Wilson	director	12900 PRESTON RD, STE 700, DALLAS TX 75230
Gina A. Norris	director	1329 MILLWOOD ROAD, MCKINNEY TX 75069
Frank J Bilban	officer: Vice President - Finance & CFO	1410 MILLWOOD RD, C/O ENCORE WIRE CORP, MCKINNEY TX 75069
Donald Eugene Courtney	director
Capital Southwest Corp	director	8333 DOUGLAS AVE, SUITE 1100, DALLAS TX 75225
Norman R Medlen	officer: Controller	1410 MILLWOOD RD, C/O ENCORE WIRE CORP, MCKINNEY TX 75069
Cunningham Thomas Lee Iii	director
Joseph M Brito	director	1410 MILLWOOD RD, C/O ENCORE WIRE CORP, MCKINNEY TX 75069