Universal Logistics Holdings (Universal Logistics Holdings) Interest Expense : $-25 Mil (TTM As of Mar. 2024)

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What is Universal Logistics Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Universal Logistics Holdings's interest expense for the three months ended in Mar. 2024 was $ -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-25 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. Universal Logistics Holdings's Operating Income for the three months ended in Mar. 2024 was $ 75 Mil. Universal Logistics Holdings's Interest Expense for the three months ended in Mar. 2024 was $ -6 Mil. Universal Logistics Holdings's Interest Coverage for the quarter that ended in Mar. 2024 was 11.93. 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.

Universal Logistics Holdings Interest Expense Historical Data

The historical data trend for Universal Logistics Holdings'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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Universal Logistics Holdings Interest Expense Chart

Universal Logistics Holdings Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-17.09

-14.63

-11.64

-16.29

-24.21

Universal Logistics Holdings 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															-5.73	-5.74	-6.54	-6.20	-6.30

Universal Logistics Holdings 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 $-25 Mil.

Universal Logistics Holdings (NAS:ULH) 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.

Universal Logistics Holdings's Interest Expense for the three months ended in Mar. 2024 was $-6 Mil. Its Operating Income for the three months ended in Mar. 2024 was $75 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $406 Mil.

Universal Logistics Holdings'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	*	75.092	/	-6.297
	=	11.93

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

Universal Logistics Holdings (Universal Logistics Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Universal Logistics Holdings Inc (NAS:ULH) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

12755 East Nine Mile Road, Warren, MI, USA, 48089

Website

https://www.universallogistics.com

Universal Logistics Holdings Inc is an asset-light provider of customized transportation and logistics solutions throughout the United States, and in Mexico, Canada and Colombia. It offers services such as truckload, brokerage, intermodal, dedicated, and value-added services. The company reports into four segments namely trucking, intermodal, company-managed brokerage, and contract logistics. The majority of the revenue is earned from the contract logistics segment.

Executives

Matthew T Moroun	director, 10 percent owner	12225 STEPHENS ROAD, WARREN MI 48089
Michael A. Regan	director	360 W. BUTTERFIELD ROAD, SUITE 400, ELMURST IL 60126
Frederick P Calderone	director	C/O CENTRAL TRANSPORT INTL, 12225 STEPHENS RD, WARREN MI 48089
Marcus D. Hudson	director	12755 E. NINE MILE ROAD, WARREN MI 48089
Richard P Urban	director	C/O UNIVERSAL TRUCKLOAD SERVICES, INC., 11355 STEPHENS ROAD, WARREN MI 48089
Nora M. Moroun	10 percent owner	12225 STEPHENS ROAD, WARREN MI 48089
Matthew J. Moroun	director	12225 STEPHENS ROAD, WARREN MI 48089
Timothy Phillips	director, officer: Chief Executive Officer	12755 E. NINE MILE ROAD, WARREN MI 48089
Jeff Rogers	director, officer: Chief Executive Officer	720 SPYGLASS HILL, HOLLAND MI 49424
H.e. Wolfe	director	11355 STEPHENS ROAD, WARREN MI 48089
Clarence W Gooden	director
Grant Edward Belanger	director	12755 EAST NINE MILE ROAD, WARREN MI 48089
Jude Marcus Beres	officer: Chief Financial Officer	12755 E. NINE MILE ROAD, WARREN MI 48089
David A. Crittenden	officer: Chief Financial Officer	11355 STEPHENS ROAD, WARREN MI 48089
Manuel J Moroun	director, 10 percent owner	CENTRAL TRANSPORT INTL, 12225 STEPHENS RD, WARREN MI 48089