Atkore (Atkore) Interest Expense : $-34 Mil (TTM As of Dec. 2023)

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What is Atkore Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Atkore's interest expense for the three months ended in Dec. 2023 was $ -8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-34 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. Atkore's Operating Income for the three months ended in Dec. 2023 was $ 175 Mil. Atkore's Interest Expense for the three months ended in Dec. 2023 was $ -8 Mil. Atkore's Interest Coverage for the quarter that ended in Dec. 2023 was 22.48. 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.

Atkore Interest Expense Historical Data

The historical data trend for Atkore'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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Atkore Interest Expense Chart

Atkore Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-50.47

-40.06

-32.90

-30.68

-35.23

Atkore 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															-9.49	-8.48	-8.68	-8.59	-7.79

Atkore 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-34 Mil.

Atkore (NYSE:ATKR) 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.

Atkore's Interest Expense for the three months ended in Dec. 2023 was $-8 Mil. Its Operating Income for the three months ended in Dec. 2023 was $175 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $892 Mil.

Atkore'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	*	175.184	/	-7.793
	=	22.48

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

Atkore (Atkore) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Atkore Inc (NYSE:ATKR) » Definitions » Interest Expense

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Traded in Other Exchanges

ATKR:Mexico AOA:Germany AOA:Germany

Address

16100 South Lathrop Avenue, Harvey, IL, USA, 60426

Website

https://www.atkore.com

Atkore Inc is a diversified industrials company and a manufacturer of electrical, mechanical, and safety infrastructure solutions. Atkore has two business segments: electrical and safety and infrastructure. Net sales are highest in the electrical business line as well as in the United States. The key product categories in the electrical segment are PVC conduit, steel conduit, and PVC-coated conduit, which are staples for electrical distributors. The key product categories in the safety and infrastructure segment include in-line galvanized mechanical tube, metal framing and related fittings, and security bollards. Also, the company provides ancillary services to customers in the form of slitting and cutting structural steel sheets.

Executives

Waltz William E Jr.	officer: President, Conduit & Fittings	16100 SOUTH LATHROP AVENUE, HARVEY IL 60426
Mark F. Lamps	officer: Pres. Mech. Prods. & Solutions	16100 S. LATHROP AVENUE, HARVEY IL 60426
Leangela W. Lowe	officer: VP, Global Human Resources	16100 S. LATHROP AVENUE, HARVEY IL 60426
Scott H Muse	director	C/O RICHARD W DAVIES HUBBELL INC, 684 DERBY MILFORD RD, ORANGE CT 06477
A Mark Zeffiro	director	2600 W. BIG BEAVER ROAD, SUITE 555, TROY MI 48084
David Paul Johnson	officer: Vice President and CFO	16100 SOUTH LATHROP AVENUE, HARVEY IL 60426
Justin A Kershaw	director	16100 SOUTH LATHROP AVENUE, HARVEY IL 60426
James Wilbert W Jr	director	16100 SOUTH LATHROP AVENUE, HARVEY IL 60426
Daniel S Kelly	officer: VP, General Counsel and Sec.	16100 SOUTH LATHROP AVENUE, HARVEY IL 60426
Barbara Joanne Edwards	director	11 KEEWAYDIN DRIVE, SUITE 300, SALEM NH 03079
John W Pregenzer	officer: President, Electrical	16100 S LATHROP AVENUE, HARVEY IL 60426
William Vanarsdale	director	16100 SOUTH LATHROP AVENUE, HARVEY IL 60426
Peter J Lariviere	officer: President, Cable Solutions	16100 SOUTH LATHROP AVENUE, HARVEY IL 60426
Michael J Schulte	officer: Pres, Mech. Prods. & Solutions	16100 SOUTH LATHROP AVENUE, HARVEY IL 60426
John Patrick Williamson	officer: President and CEO	16100 SOUTH LATHROP AVENUE, HARVEY IL 60426