Itron (ITRI) Interest Expense : $-8 Mil (TTM As of Dec. 2023)

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What is Itron Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Itron's interest expense for the three months ended in Dec. 2023 was $ -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-8 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. Itron's Operating Income for the three months ended in Dec. 2023 was $ 56 Mil. Itron's Interest Expense for the three months ended in Dec. 2023 was $ -2 Mil. Itron's Interest Coverage for the quarter that ended in Dec. 2023 was 30.15. 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.

Itron Interest Expense Historical Data

The historical data trend for Itron'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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Itron Interest Expense Chart

Itron Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-52.45

-44.00

-28.64

-6.72

-8.35

Itron 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															-1.79	-2.06	-1.98	-2.45	-1.87

Itron 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 $-8 Mil.

Itron (NAS:ITRI) 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.

Itron's Interest Expense for the three months ended in Dec. 2023 was $-2 Mil. Its Operating Income for the three months ended in Dec. 2023 was $56 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $487 Mil.

Itron'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	*	56.383	/	-1.87
	=	30.15

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

Itron (ITRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Itron Inc (NAS:ITRI) » Definitions » Interest Expense

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Traded in Other Exchanges

IT6:Germany IT6:Germany

Address

2111 North Molter Road, Liberty Lake, WA, USA, 99019

Website

https://www.itron.com

Itron Inc provides solutions that measure, manage and analyze energy and water use. It operates under the Itron brand and manages and reports under three operating segments: Device Solutions, Networked Solutions, and Outcomes. The device Solutions segment includes hardware products used for measurement, control, or sense that do not have communications capability embedded for use with broader Itron systems.The networked Solutions segment includes a combination of communicating devices, network infrastructure, and associated application software designed and sold as a complete solution. The outcome segment includes their value-added, enhanced software and services which manage, organize, analyze, and interpret data to improve decision making, maximize operational profitability.

Executives

John F. Marcolini	officer: SVP, Networked Solutions	C/O ITRON, INC., 2111 N MOLTER ROAD, LIBERTY LAKE WA 99019
Reeves Donald L. Iii	officer: SVP Outcomes	555 BROADWAY STREET, REDWOOD CITY CA 94063
Sanjay Mirchandani	director	188 MINNA STREET, #29C, SAN FRANCISCO CA 94105
Christopher E. Ware	officer: VP, General Counsel & Corp Sec	2111 N MOLTER ROAD, LIBERTY LAKE WA 99019
Laurie Ann Pulatie-hahn	officer: SVP, HR	2111 N MOLTER ROAD, LIBERTY LAKE WA 99019
Michel Cadieux	officer: SVP, HR	2111 NORTH MOLTER ROAD, LIBERTY LAKE WA 99019
Thomas Deitrich	officer: EVP, COO	C/O FREESCALE SEMICONDUCTOR, INC., 6501 WILLIAM CANNON DR WEST, TX30/OE19, AUSTIN TX 78735
Joan S Hooper	officer: SVP & CFO	ONE DELL WAY, ROUND ROCK TX 78682
Justin K Patrick	officer: SVP, Device Solutions	1157 CANARY LANE, GRAFTON WI 53024
Mary C. Hemmingsen	director	2111 N MOLTER ROAD, LIBERTY LAKE WA 99019
Sarah E. Hlavinka	officer: SVP. Gen. Counsel & Corp. Sec	2111 N MOLTER RD, LIBERTY LAKE WA 99019
Lynda L. Ziegler	director, officer: Chair of the Board	C/O ITRON, INC., 2111 NORTH MOLTER ROAD, LIBERTY LAKE WA 99019
Thomas S Glanville	director	2818 N SULLIVAN ROAD, SPOLANE WA 99216
Santiago Perez	director	2111 N MOLTER ROAD, LIBERTY LAKE WA 99019
Sharelynn Faye Moore	officer: SVP, Networks	424 W. HIGH DRIVE, SPOKANE WA 99203