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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lowe's's interest expense for the three months ended in Jul. 2024 was $ -369 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jul. 2024 was $-1,486 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. Lowe's's Operating Income for the three months ended in Jul. 2024 was $ 3,447 Mil. Lowe's's Interest Expense for the three months ended in Jul. 2024 was $ -369 Mil. Lowe's's Interest Coverage for the quarter that ended in Jul. 2024 was 9.34. 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.
The historical data trend for Lowe's'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.
Lowe's Annual Data | |||||||||||||||||||||
Trend | Jan15 | Jan16 | Jan17 | Jan18 | Jan19 | Jan20 | Jan21 | Jan22 | Jan23 | Jan24 | |||||||||||
Interest Expense | Get a 7-Day Free Trial | -718.00 | -872.00 | -897.00 | -1,160.00 | -1,483.00 |
Lowe's Quarterly Data | ||||||||||||||||||||
Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | Apr24 | Jul24 | |
Interest Expense | Get a 7-Day Free Trial | -376.00 | -372.00 | -372.00 | -373.00 | -369.00 |
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 Jul. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1,486 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.
Lowe's (NYSE:LOW) 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.
Lowe's's Interest Expense for the three months ended in Jul. 2024 was $-369 Mil. Its Operating Income for the three months ended in Jul. 2024 was $3,447 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jul. 2024 was $38,397 Mil.
Lowe's's Interest Coverage for the quarter that ended in Jul. 2024 is calculated as
Interest Coverage | = | -1 | * | Operating Income (Q: Jul. 2024 ) | / | Interest Expense (Q: Jul. 2024 ) |
= | -1 | * | 3447 | / | -369 | |
= | 9.34 |
* 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.
Griggs Dan Clayton Jr | officer: Vice President, CAO | 1000 LOWES BOULEVARD, MOORESVILLE NC 28117 |
Brandon J Sink | officer: EVP, Chief Financial Officer | 1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117 |
Seemantini Godbole | officer: EVP, Chief Information Officer | 1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117 |
Janice Dupre Little | officer: EVP Human Resources | 1000 LOWES BOULEVARD, MOORESVILLE NC 28117 |
Joseph Michael Mcfarland | officer: EVP, Stores | 1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117 |
Quonta D Vance | officer: EVP, Pro & Home Services | 1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117 |
Donald Frieson | officer: EVP, Supply Chain | 1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117 |
William P Boltz | officer: EVP, Merchandising | 1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117 |
Juliette Williams Pryor | officer: EVP, CLO & Corp. Sec. | 1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117 |
Ross W Mccanless | officer: SR VP Gen Counsel & Secretary | |
Scott H Baxter | director | 400 NORTH ELM STREET, GREENSBORO NC 27401 |
Taylor Colleen | director | C/O BILL.COM HOLDINGS, INC., 1800 EMBARCADERO ROAD, PALO ALTO CA 94303 |
Stone West Mary E | director | C/O HASBRO, INC., 1011 NEWPORT AVENUE, PAWTUCKET RI 02861 |
Daniel J Heinrich | director | CLOROX CO, 1221 BROADWAY, OAKLAND CA 94612 |
David H Batchelder | director | 1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117 |
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