AZZ (STU:AI7) Interest Expense : €-99 Mil (TTM As of Feb. 2024)

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What is AZZ Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AZZ's interest expense for the three months ended in Feb. 2024 was € -23 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was €-99 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. AZZ's Operating Income for the three months ended in Feb. 2024 was € 39 Mil. AZZ's Interest Expense for the three months ended in Feb. 2024 was € -23 Mil. AZZ's Interest Coverage for the quarter that ended in Feb. 2024 was 1.71. 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.

AZZ Interest Expense Historical Data

The historical data trend for AZZ'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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AZZ Interest Expense Chart

AZZ Annual Data

Trend

Feb15

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Feb24

Interest Expense

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-12.35

-7.82

-5.61

-82.94

-99.25

AZZ Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial															-25.28	-26.41	-25.47	-23.89	-22.93

AZZ 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-99 Mil.

AZZ (STU:AI7) 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.

AZZ's Interest Expense for the three months ended in Feb. 2024 was €-23 Mil. Its Operating Income for the three months ended in Feb. 2024 was €39 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was €900 Mil.

AZZ's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2024 )	/	Interest Expense (Q: Feb. 2024 )
	=	-1	*	39.187	/	-22.928
	=	1.71

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

AZZ (STU:AI7) Business Description

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AZZ:USA

Address

3100 West 7th Street, Suite 500, One Museum Place, Fort Worth, TX, USA, 76107

Website

https://www.azz.com

AZZ Inc is a provider of galvanizing and a variety of metal coating solutions and coil coating solutions to a broad range of end markets in North America. In its Metal Coatings segment, the company offers metal finishing services to protect against corrosion, such as hot dip galvanizing, spin galvanizing, powder coating, anodizing, and plating. The Precoat Metals Segment offers aesthetic and corrosion-resistant coatings for steel and aluminum coils.

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