Altra Industrial Motion (Altra Industrial Motion) Interest Expense : $-52 Mil (TTM As of Dec. 2022)

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What is Altra Industrial Motion Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Altra Industrial Motion's interest expense for the three months ended in Dec. 2022 was $ -15 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2022 was $-52 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. Altra Industrial Motion's Operating Income for the three months ended in Dec. 2022 was $ 53 Mil. Altra Industrial Motion's Interest Expense for the three months ended in Dec. 2022 was $ -15 Mil. Altra Industrial Motion's Interest Coverage for the quarter that ended in Dec. 2022 was 3.60. 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.

Altra Industrial Motion Interest Expense Historical Data

The historical data trend for Altra Industrial Motion'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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Altra Industrial Motion Interest Expense Chart

Altra Industrial Motion Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-28.60

-73.80

-72.10

-94.50

-51.50

Altra Industrial Motion Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Interest Expense	Get a 7-Day Free Trial															-45.00	-11.30	-11.80	-13.70	-14.70

Altra Industrial Motion 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-52 Mil.

Altra Industrial Motion (NAS:AIMC) 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.

Altra Industrial Motion's Interest Expense for the three months ended in Dec. 2022 was $-15 Mil. Its Operating Income for the three months ended in Dec. 2022 was $53 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2022 was $1,055 Mil.

Altra Industrial Motion's Interest Coverage for the quarter that ended in Dec. 2022 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2022 )	/	Interest Expense (Q: Dec. 2022 )
	=	-1	*	52.9	/	-14.7
	=	3.60

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

Altra Industrial Motion (Altra Industrial Motion) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Altra Industrial Motion Corp (NAS:AIMC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 Granite Street, Suite 201, Braintree, MA, USA, 02184

Website

https://www.altramotion.com

Altra Industrial Motion Corp is a United States-based company that designs, manufactures, and sells a wide range of electromechanical power transmission motion control. The company operates through two business segments based on product types and end markets served: the power transmission technologies segment and the automation and specialty segment. The company's product portfolio consists of products such as clutches, brakes, gears, and motion controllers and braking systems, which are used in heavy industrial applications, energy markets, medical, packaging, automation, robotic, and other industries. The company earns majority of its revenue in North America ( primarily the United States).

Executives

La Vonda Williams	director	201 MONTGOMERY STREET, #751, JERSEY CITY NJ 07302
Haughey Nicole Parent	director	UNITED TECHNOLOGIES CORPORATION, ONE FINANCIAL PLAZA, HARTFORD CT 06101
Margot Hoffman	director	6368 CHAMPIONS DRIVE, WESTERVILLE OH 43082
Thomas W Swidarski	director	5995 MAYFAIR RD, P O BOX 3077, NORTH CANTON OH 44720
Todd Patriacca	officer: EVP, CFO and Treasurer	C/O ALTRA INDUSTRIAL MOTION INC., 300 GRANITE STREET, BRAINTREE MA 02184
Glenn E. Deegan	officer: Chief Legal and HR Officer	C/O ALTRA INDUSTRIAL MOTION INC., 300 GRANITE STREET SUITE 201, BRAINTREE MA 02184
J Scott Hall	director	1200 ABERNATHY ROAD NE, SUITE 1200, ATLANTA GA 30328
Christian Storch	officer: Chief Financial Officer	C/O ALTRA INDUSTRIAL MOTION, 300 GRANITE STREET SUITE 201, BRAINTREE MA 02184
Woodward James H Jr	director	7140 OFFICE CIRCLE, EVANSVILLE IN 47716
Craig Schuele	officer: VP Mktg&Bus Dev (see Remarks)	C/O ALTRA INDUSTRIAL MOTION INC., 300 GRANITE STREET, BRAINTREE MA 02184
Carl R Christenson	officer: President and COO	C/O ALTRA INDUSTRIAL MOTION INC., 300 GRANITE STREET, BRAINTREE MA 02184
Lyle G. Ganske	director	C/O ALTRA INDUSTRIAL MOTION, INC., 300 GRANITE STREET SUITE 201, BRAINTREE MA 02184
Larry Mcpherson	director	C/O MEDICAL STAFFING NETWORK HOLDINGS, 901 YAMATO ROAD, SUITE 110, BOCA RATON FL 33431
Lipscomb S Michael	director	SIFCO INDUSTRIES, INC., 970 EAST 64TH STREET, CLEVELAND OH 44103
Patrick K Murphy	director	C/O FORTIVE CORPORATION, 6920 SEAWAY BOULEVARD, EVERETT WA 98203