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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Friedman Industries's interest expense for the three months ended in Dec. 2023 was $ -0.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-2.9 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. Friedman Industries's Operating Income for the three months ended in Dec. 2023 was $ 6.2 Mil. Friedman Industries's Interest Expense for the three months ended in Dec. 2023 was $ -0.8 Mil. Friedman Industries's Interest Coverage for the quarter that ended in Dec. 2023 was 7.81. 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 Friedman Industries'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.
Friedman Industries Annual Data | |||||||||||||||||||||
Trend | Mar14 | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | |||||||||||
Interest Expense | Get a 7-Day Free Trial | -0.02 | -0.01 | -0.03 | -0.26 | -2.22 |
Friedman Industries Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Interest Expense | Get a 7-Day Free Trial | -0.45 | -0.72 | -0.54 | -0.81 | -0.79 |
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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.9 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.
Friedman Industries (AMEX:FRD) 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.
Friedman Industries's Interest Expense for the three months ended in Dec. 2023 was $-0.8 Mil. Its Operating Income for the three months ended in Dec. 2023 was $6.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $47.1 Mil.
Friedman Industries's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as
Interest Coverage | = | -1 | * | Operating Income (Q: Dec. 2023 ) | / | Interest Expense (Q: Dec. 2023 ) |
= | -1 | * | 6.173 | / | -0.79 | |
= | 7.81 |
* 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.
Max Alan Reichenthal | director | 865 LOCKWOOD DRIVE, HOUSTON TX 77020 |
Joel Spira | director | THREE GREENWAY PLAZA, SUITE 1750, HOUSTON TX 77046 |
Mike J Taylor | director | P.O. BOX 2192, LONGVIEW TX 75606 |
Sharon L Taylor | director | 4200 B STONE RD, KILGORE TX 75662 |
Alex Larue | officer: VP - Secretary & Treasurer | 7 PEBBLE CREEK DRIVE NORTH, LONGVIEW TX 75605 |
Durga D Agrawal | director | 2921 UNIVERSITY BLVD, HOUSTON TX 77005 |
Sandra Kay Scott | director | 11503 BISTRO LANE, HOUSTON TX 77082 |
Joe L Williams | director | P.O. BOX 1587, HOUSTON TX 77251 |
Tim Scott Stevenson | director | PO BOX 2192, LONGVIEW TX 75606 |
Robert Sparkman | officer: President & COO | P.O. BOX 2192, LONGVIEW TX 75605 |
Charles W Hall | director | 1301 MCKINNEY STE 5100, HOUSTON TX 77010 |
Benny Harper | officer: Sr. VP-Finance | 1301 MCKINNEY STE 5100, HOUSTON TX 77010 |
William E Crow | director, officer: President and CEO | P.O. BOX 1587, HOUSTON TX 77251 |
Hershel M Rich | director | P.O. BOX 1587, HOUSTON TX 77251 |
Harold Friedman | director, 10 percent owner, officer: Vice Chairman of the Board | 4001 HOMESTEAD ROAF, HOUSTON TX 77028 |
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