ESAB (ESAB) Interest Expense : $-83 Mil (TTM As of Mar. 2024)

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What is ESAB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ESAB's interest expense for the three months ended in Mar. 2024 was $ -17 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-83 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. ESAB's Operating Income for the three months ended in Mar. 2024 was $ 113 Mil. ESAB's Interest Expense for the three months ended in Mar. 2024 was $ -17 Mil. ESAB's Interest Coverage for the quarter that ended in Mar. 2024 was 6.59. 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.

ESAB Interest Expense Historical Data

The historical data trend for ESAB'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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ESAB Interest Expense Chart

ESAB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-1.00

-37.95

-85.07

ESAB Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial										-19.51	-18.82	-20.50	-26.24	-17.09

ESAB 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-83 Mil.

ESAB (NYSE:ESAB) 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.

ESAB's Interest Expense for the three months ended in Mar. 2024 was $-17 Mil. Its Operating Income for the three months ended in Mar. 2024 was $113 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1,067 Mil.

ESAB's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	112.577	/	-17.091
	=	6.59

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

ESAB (ESAB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ESAB Corp (NYSE:ESAB) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

O03:Germany

Address

909 Rose Avenue, 8th Floor, North Bethesda, MD, USA, 20852

Website

https://www.esabcorporation.com

ESAB, spun off from Colfax in 2022, is a leading manufacturer of equipment and consumables used in welding, cutting, and joining applications. Alongside competitors Lincoln Electric and ITW's Miller brand, ESAB is one of the top three players in the welding space. ESAB generated roughly $2.6 billion in revenue and $329 million in GAAP operating income in 2022.

Executives

Olivier Biebuyck	officer: President, EMEA	909 ROSE AVENUE, SUITE 800, NORTH BETHESDA MD 20852
Shyam Kambeyanda	officer: President and CEO	2711 CENTERVILLE ROAD, SUITE 400, WILMINGTON DE 19808
Michele Campion	officer: Chief Human Resources Officer	909 ROSE AVENUE, SUITE 800, NORTH BETHESDA MD 20852
Rhonda L Jordan	director	KRAFT FOODS INC, THREE LAKES DRIVE, NORTHFIELD IL 60093
Kevin J Johnson	officer: Chief Financial Officer	909 ROSE AVENUE, SUITE 800, NORTH BETHESDA MD 20852
Christopher M Hix	director	2160 SATELLITE BLVD., SUITE 200, DULUTH GA 30097
Patrick W Allender	director	DANAHER CORP, 2099 PENNSYLVANIA AVE NW 12TH FL, WASHINGTON DC 20006
Rajiv Vinnakota	director	8730 STONY POINT PARKWAY, SUITE 150, RICHMOND VA 23235
John P Dion	officer: SVP, ESAB Business Excellence	909 ROSE AVE., 8TH FLOOR, NORTH BETHESDA MD 20852
Eleanor Lukens	officer: President, Americas	909 ROSE AVE., 8TH FLOOR, NORTH BETHESDA MD 20852
Mitchell P Rales	director	11790 GLEN ROAD, POTOMAC MD 20854
Curtis E Jewell	officer: SVP, General Counsel	909 ROSE AVENUE, SUITE 800, NORTH BETHESDA MD 20852
Melissa Cummings	director	909 ROSE AVENUE, SUITE 800, NORTH BETHESDA MD 20852
Stephanie M Phillipps	director	C/O THE PNC FINANCIAL SERVICES GROUP, 340 MADISON AVENUE, NEW YORK NY 10173
Didier P Teirlinck	director	INGERSOLL-RAND COMPANY, 155 CHESTNUT RIDGE ROAD, MONTVALE NJ 07645