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FGI Industries (FGI Industries) Interest Expense : $-0.7 Mil (TTM As of Mar. 2024)


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What is FGI Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. FGI Industries's interest expense for the three months ended in Mar. 2024 was $ -0.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.7 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. FGI Industries's Operating Income for the three months ended in Mar. 2024 was $ -0.3 Mil. FGI Industries's Interest Expense for the three months ended in Mar. 2024 was $ -0.2 Mil. FGI Industries did not have earnings to cover the interest expense. 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.

FGI Industries Interest Expense Historical Data

The historical data trend for FGI Industries'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.

* Premium members only.

FGI Industries Interest Expense Chart

FGI Industries Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
-0.45 -0.42 -0.41 -0.60 -0.75

FGI Industries Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.25 -0.29 -0.02 -0.19 -0.22

FGI Industries 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 $-0.7 Mil.

* 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.

FGI Industries  (NAS:FGI) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

FGI Industries's Interest Expense for the three months ended in Mar. 2024 was $-0.2 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-0.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $13.2 Mil.

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

FGI Industries did not have earnings to cover the interest expense.

* 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.

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

FGI Industries (FGI Industries) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » FGI Industries Ltd (NAS:FGI) » Definitions » Interest Expense
Comparable Companies
EFOI LUVU ATER NVFY AUVI THBD CRWS KEQU VIOT SZSE:000333 SHSE:600690 SZSE:000651 TSE:9843 SHSE:603833 TPX SN WHR SZSE:002032 XPAR:SK MHK
Traded in Other Exchanges
N/A
Address
906 Murray Road, East Hanover, NJ, USA, 07869
Website
https://www.fgi-industries.com
FGI Industries Ltd is a supplier of kitchen and bath products. It offers sanitaryware, bath furniture, shower systems, customer kitchen cabinetry, and other accessory items. It is business to business supplier of bath and kitchen products to large retail, wholesale, commercial, and specialty channel customers around the globe. its revenue is generated by sanitaryware. Geographically it operates in the United States, Canada, Europe, Rest of the World, and the majority of its revenue comes from the United States.
Executives
Todd M. Heysse director 906 MURRAY ROAD, EAST HANOVER NJ 07869
Myong Jae Chung director 906 MURRAY ROAD, EAST HANOVER NJ 07869
Kellie Z. Weir director 906 MURRAY ROAD, EAST HANOVER NJ 07869
John Shu-nan Chen director, officer: Executive Chairman 906 MURRAY ROAD, EAST HANOVER NJ 07869
David E. Bruce director, officer: Chief Executive Officer 906 MURRAY ROAD, EAST HANOVER NJ 07869
Jennifer Earl officer: Executive VP, Canada 906 MURRAY ROAD, EAST HANOVER NJ 07869
Perry Lin officer: Chief Financial Officer 906 MURRAY ROAD, EAST HANOVER NJ 07869
Robert Kermelewicz officer: Executive VP, United States 906 MURRAY ROAD, EAST HANOVER NJ 07869
Foremost Groups Ltd 10 percent owner 906 MURRAY ROAD, EAST HANOVER NJ 07869
Norman Kroenke officer: Executive VP, Europe 906 MURRAY ROAD, EAST HANOVER NJ 07869