Crane NXT Co (Crane NXT Co) Interest Expense : $-48 Mil (TTM As of Mar. 2024)

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What is Crane NXT Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Crane NXT Co's interest expense for the three months ended in Mar. 2024 was $ -10 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-48 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. Crane NXT Co's Operating Income for the three months ended in Mar. 2024 was $ 58 Mil. Crane NXT Co's Interest Expense for the three months ended in Mar. 2024 was $ -10 Mil. Crane NXT Co's Interest Coverage for the quarter that ended in Mar. 2024 was 5.87. 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.

Crane NXT Co Interest Expense Historical Data

The historical data trend for Crane NXT 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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Crane NXT Co Interest Expense Chart

Crane NXT Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-46.80

-55.30

-57.90

-56.30

-50.60

Crane NXT Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial								-12.90	-14.10	-12.80	-10.80	-9.90

Crane NXT 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 $-48 Mil.

Crane NXT Co (NYSE:CXT) 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.

Crane NXT Co's Interest Expense for the three months ended in Mar. 2024 was $-10 Mil. Its Operating Income for the three months ended in Mar. 2024 was $58 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $640 Mil.

Crane NXT 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	*	58.1	/	-9.9
	=	5.87

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

Crane NXT Co (Crane NXT Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Crane NXT Co (NYSE:CXT) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

100 First Stamford Place, Stamford, CT, USA, 06902

Website

https://www.cranenxt.com

Crane NXT Co is a premier industrial technology company that provides proprietary and trusted technology solutions to secure, detect, and authenticate what matters most to its customers. It is a pioneer in advanced, proprietary micro-optics technology for securing physical products, and its sophisticated electronic equipment and associated software leverages proprietary core capabilities with detection and sensing technologies.

Executives

Kurt F. Gallo	officer: Sr. VP, Payment & Merch. Tech.	100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Max H Mitchell	officer: VICE PRESIDENT - OP EX	CRANE CO, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Cristen L Kogl	director	3 OVERLOOK POINT, LINCOLNSHIRE IL 60069
David D Petratis	director	1415 ROSELLE ROAD, PALATINE IL 60067
Marijane V. Papanikolaou	officer: V.P, Controller & CAO	100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Jennifer Kartono	officer: SVP, CHRO	950 WINTER STREET 4TH FLOOR, WALTHAM MA 02451
Bianca B. Shardelow	officer: VP, Controller & CAO	100 FIRST STAMFORD PLACE, STAMFORD CT 06902
William K Grogan	director	3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Sanjay Kapoor	director	C/O SPIRIT AEROSYSTEMS HOLDINGS, INC., 3801 SOUTH OLIVER STREET, WICHITA KS 67210
Paul Gerard Igoe	officer: SVP, General Counsel & Sec.	LYDALL, INC., ONE COLONIAL ROAD, MANCHESTER CT 06042
Crane Holdings, Co.	10 percent owner	CRANE NXT, CO., 950 WINTER STREET, 4TH FLOOR, WALTHAM MA 02451
Aaron W Saak	officer: CEO, Crane NXT	C/O VONTIER CORPORATION, 5438 WADE PARK BLVD., SUITE 600, RALEIGH NC 27607
Scott A. Grisham	officer: SVP Bus. Dev. & Strategy	100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Tamara S. Polmanteer	officer: Senior Vice President, CHRO	100 FIRST STAMFORD PLACE, STAMFORD CT 06902
John S Stroup	director	1 N. BRENTWOOD BLVD., SUITE 1500, ST. LOUIS MO 63105