ABM Industries (ABM Industries) Interest Expense : $-84 Mil (TTM As of Jan. 2024)

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What is ABM Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ABM Industries's interest expense for the three months ended in Jan. 2024 was $ -21 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was $-84 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. ABM Industries's Operating Income for the three months ended in Jan. 2024 was $ 74 Mil. ABM Industries's Interest Expense for the three months ended in Jan. 2024 was $ -21 Mil. ABM Industries's Interest Coverage for the quarter that ended in Jan. 2024 was 3.48. 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.

ABM Industries Interest Expense Historical Data

The historical data trend for ABM 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.

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ABM Industries Interest Expense Chart

ABM Industries Annual Data

Trend

Oct14

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Oct19

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Oct23

Interest Expense

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-51.10

-44.60

-28.60

-41.10

-82.30

ABM Industries Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Expense	Get a 7-Day Free Trial															-19.80	-21.10	-20.90	-20.50	-21.30

ABM Industries 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-84 Mil.

ABM Industries (NYSE:ABM) 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.

ABM Industries's Interest Expense for the three months ended in Jan. 2024 was $-21 Mil. Its Operating Income for the three months ended in Jan. 2024 was $74 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was $1,393 Mil.

ABM Industries's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jan. 2024 )	/	Interest Expense (Q: Jan. 2024 )
	=	-1	*	74.1	/	-21.3
	=	3.48

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

ABM Industries (ABM Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » ABM Industries Inc (NYSE:ABM) » Definitions » Interest Expense

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Traded in Other Exchanges

AB4:Germany AB4:Germany

Address

One Liberty Plaza, 7th Floor, New York, NY, USA, 10006

Website

https://www.abm.com

ABM Industries Inc is a provider of integrated facility solutions. It offers its solutions through five segments: Business and Industry, Manufacturing and Distribution, Education, Aviation and Technical solutions. The company derives the majority of its revenue from the business and industry segment, which encompasses janitorial, facilities engineering, and parking services for commercial real estate properties and sports and entertainment venues, as well as vehicle maintenance and other services to rental car providers. The company mainly operates in the United States of America.

Executives

Rene Jacobsen	officer: Pres - Business & Industry	551 FIFTH AVENUE, SUITE 300, NEW YORK NY 10176
Andrea R Newborn	officer: EVP/GEN. COUNSEL/CORP. SECTY.	ONE LIBERTY PLAZA, 7TH FLOOR, NEW YORK NY 10006
Scott B Salmirs	officer: Executive Vice President	551 FIFTH AVE, SUITE 300, NEW YORK NY 10176
Dean A Chin	officer: SVP - Chief Accounting Officer	551 FIFTH AVENUE, SUITE 300, NEW YORK NY 10176
James David Devries	director	ALLSTATE INSURANCE COMPANY, 2775 SANDERS ROAD, NORTHBROOK IL 60062
Joshua H Feinberg	officer: Executive Vice President	ONE LIBERTY PLAZA, 7TH FLOOR, NEW YORK NY 10006
Raul Javier Valentin	officer: EVP and CHRO	ONE LIBERTY PLAZA, 7TH FLOOR, NEW YORK NY 10006
Linda Chavez	director
Art A Garcia	director	11690 N.W. 105TH STREET, MIAMI FL 33178
Quincy L Allen	director	6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496
Earl Ray Ellis	officer: EVP & Chief Financial Officer	ONE LIBERTY PLAZA, 7TH FLOOR, NEW YORK NY 10006
Sean Michael Mahoney	officer: EVP, President-Sales & Mktng	ONE LIBERTY PLAZA, 7TH FLOOR, NEW YORK NY 10006
Scott J Giacobbe	officer: Pres - Building & Energy	551 FIFTH AVENUE, SUITE 300, NEW YORK NY 10176
Diego Anthony Scaglione	officer: SVP/Treasurer	6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496
Jill Golder	director	305 HARTMANN DRIVE, LEBANON TN 37087