Hammond Manufacturing Co (TSX:HMM.A) Interest Expense : C$-3.2 Mil (TTM As of Mar. 2024)

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What is Hammond Manufacturing Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hammond Manufacturing Co's interest expense for the three months ended in Mar. 2024 was C$ -0.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-3.2 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. Hammond Manufacturing Co's Operating Income for the three months ended in Mar. 2024 was C$ 6.9 Mil. Hammond Manufacturing Co's Interest Expense for the three months ended in Mar. 2024 was C$ -0.8 Mil. Hammond Manufacturing Co's Interest Coverage for the quarter that ended in Mar. 2024 was 8.60. 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.

Hammond Manufacturing Co Interest Expense Historical Data

The historical data trend for Hammond Manufacturing Co'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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Hammond Manufacturing Co Interest Expense Chart

Hammond Manufacturing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.75

-1.62

-1.48

-1.94

-3.05

Hammond Manufacturing Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.69	-0.81	-0.83	-0.73	-0.80

Hammond Manufacturing Co 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 C$-3.2 Mil.

Hammond Manufacturing Co (TSX:HMM.A) 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.

Hammond Manufacturing Co's Interest Expense for the three months ended in Mar. 2024 was C$-0.8 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$6.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$14.9 Mil.

Hammond Manufacturing Co'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	*	6.859	/	-0.798
	=	8.60

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

Hammond Manufacturing Co (TSX:HMM.A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hammond Manufacturing Co Ltd (TSX:HMM.A) » Definitions » Interest Expense

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HMFAF:USA

Address

394 Edinburgh Road North, Guelph, ON, CAN, N1H 1E5

Website

https://www.hammfg.com

Hammond Manufacturing Co Ltd provides electrical and electronic components to Original Equipment Manufacturers (OEM) through a network of agents and distributors. Its product categories include Electrical Enclosures, Small Enclosures, Rack Mounting Solutions, PDUs & Outlet Strips, Transformers, and Classic Transformers & Chokes. Its geographical segments are Canada, the United States, and other countries, of which key revenue is derived from the United States.

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