Burnham Holdings (Burnham Holdings) Interest Expense : $-3.1 Mil (TTM As of Sep. 2023)

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What is Burnham Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Burnham Holdings's interest expense for the three months ended in Sep. 2023 was $ -0.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-3.1 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. Burnham Holdings's Operating Income for the three months ended in Sep. 2023 was $ 2.0 Mil. Burnham Holdings's Interest Expense for the three months ended in Sep. 2023 was $ -0.9 Mil. Burnham Holdings's Interest Coverage for the quarter that ended in Sep. 2023 was 2.21. 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.

Burnham Holdings Interest Expense Historical Data

The historical data trend for Burnham Holdings'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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Burnham Holdings Interest Expense Chart

Burnham Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-1.06

-1.14

-0.93

-1.05

-2.81

Burnham Holdings Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial															-0.33	-0.51	-1.70	-0.50	-0.92

Burnham Holdings 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.1 Mil.

Burnham Holdings (OTCPK:BURCA) 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.

Burnham Holdings's Interest Expense for the three months ended in Sep. 2023 was $-0.9 Mil. Its Operating Income for the three months ended in Sep. 2023 was $2.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $56.8 Mil.

Burnham Holdings's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	2.034	/	-0.921
	=	2.21

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

Burnham Holdings (Burnham Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Burnham Holdings Inc (OTCPK:BURCA) » Definitions » Interest Expense

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BURCP.PFD:USA

Address

1241 Harrisburg Pike, P.O. Box 3245, Lancaster, PA, USA, 17603

Website

https://www.burnhamholdings.com

Burnham Holdings Inc provides thermal and interior comfort solutions used in a range of residential, commercial, and industrial applications to the heating, ventilating and air conditioning industry. Its subsidiaries design, manufacture and sale of boilers and related heating ventilating and air conditioning products and accessories. The firm sells and markets its products under brand names such as Alpine, K2, Phantom and Raptor, and others. Its products include boilers, boiler room accessories, advanced control systems, furnaces, radiators, air conditioning systems etc. The firm derives majority of its revenues from sales in the United States.