Holley (Holley) Interest Expense : $-53.5 Mil (TTM As of Mar. 2024)

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What is Holley Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Holley's interest expense for the three months ended in Mar. 2024 was $ -11.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-53.5 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. Holley's Operating Income for the three months ended in Mar. 2024 was $ 10.8 Mil. Holley's Interest Expense for the three months ended in Mar. 2024 was $ -11.0 Mil. Holley's Interest Coverage for the quarter that ended in Mar. 2024 was 0.98. 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.

Holley Interest Expense Historical Data

The historical data trend for Holley'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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Holley Interest Expense Chart

Holley Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-50.39

-43.77

-39.13

-40.23

-60.75

Holley 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											-18.30	-9.90	-13.71	-18.84	-11.00

Holley 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 $-53.5 Mil.

Holley (NYSE:HLLY) 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.

Holley's Interest Expense for the three months ended in Mar. 2024 was $-11.0 Mil. Its Operating Income for the three months ended in Mar. 2024 was $10.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $585.4 Mil.

Holley'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	*	10.823	/	-11.004
	=	0.98

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

Holley (Holley) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Holley Inc (NYSE:HLLY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

82Z:Germany

Address

1801 Russellville Road, Bowling Green, KY, USA, 42101

Website

https://www.holley.com

Holley Inc is a designer, marketer, and manufacturer of high-performance automotive aftermarket products, featuring a portfolio of iconic brands serving the car and truck industry. It offers a diversified line of performance automotive products including fuel injection systems, tuners, exhaust products, carburetors, safety equipment and various other performance automotive products. The company's brands include Holley, APR, MSD and Flowmaster, among others. It derives revenue from the U.S. and Italy, of which prime revenue is derived from the U.S.

Executives

Matthew Stevenson	director, officer: President and CEO	150 PEABODY PLACE, M.S. LEGL-0008, MEMPHIS TN 38103
Ginger M Jones	director	55 JEWELERS PARK DRIVE, NEENAH WI 54956
James D. Coady	director, 10 percent owner	C/O SENTINEL CAPITAL PARTNERS, L.L.C., 330 MADISON AVENUE, 27TH FLOOR, NEW YORK CITY NY 10017
Owen Basham	director, 10 percent owner	C/O SENTINEL CAPITAL PARTNERS, L.L.C., 330 MADISON AVENUE, 27TH FLOOR, NEW YORK NY 10017
David S Lobel	director, 10 percent owner	C/O SENTINEL CAPITAL PARTNERS II, 777 THIRD AVE. 32ND FL, NEW YORK NY 10017
Midocean Partners V, L.p.	10 percent owner	C/O MIDOCEAN PARTNERS, 320 PARK AVENUE, SUITE 1600, NEW YORK NY 10022
Graham Clempson	director, officer: President and Director	C/O MIDOCEAN PARTNERS, 245 PARK AVENUE, 38TH FLOOR, NEW YORK NY 10167
Jesse Weaver	officer: Chief Financial Officer	1801 RUSSELLVILLE ROAD, BOWLING GREEN KY 42101
Brian Appelgate	officer: Interm Chief Operating Officer	1801 RUSSELLVILLE ROAD, BOWLING GREEN KY 42101
Dominic Bardos	officer: Chief Financial Officer	1801 RUSSELLVILLE RD, BOWLING GREEN KY 42101
Thomas W Tomlinson	director, officer: Chief Executive Officer	1801 RUSSELLVILLE RD, BOWLING GREEN KY 42101
Anita Sehgal	director	817 MAXWELL AVENUE, EVANSVILLE IN 47711
Carly Kennedy	officer: EVP & General Counsel	1801 RUSSELLVILLE ROAD, BOWLING GREEN KY 42101
Matthew E Rubel	director	3231 SE SIXTH AVENUE, TOPEKA KS 66607
Gina L Bianchini	director	312 WALNUT STREET, SUITE 1800, CINCINNATI OH 45202