PGT Innovations (PGT Innovations) Interest Expense : $-31 Mil (TTM As of Dec. 2023)

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What is PGT Innovations Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. PGT Innovations's interest expense for the three months ended in Dec. 2023 was $ -7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-31 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. PGT Innovations's Operating Income for the three months ended in Dec. 2023 was $ 19 Mil. PGT Innovations's Interest Expense for the three months ended in Dec. 2023 was $ -7 Mil. PGT Innovations's Interest Coverage for the quarter that ended in Dec. 2023 was 2.62. 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.

PGT Innovations Interest Expense Historical Data

The historical data trend for PGT Innovations'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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PGT Innovations Interest Expense Chart

PGT Innovations Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-25.08

-26.63

-29.08

-28.26

-31.00

PGT Innovations 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															-7.13	-7.66	-8.21	-7.77	-7.36

PGT Innovations 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 $-31 Mil.

PGT Innovations (NYSE:PGTI) 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.

PGT Innovations's Interest Expense for the three months ended in Dec. 2023 was $-7 Mil. Its Operating Income for the three months ended in Dec. 2023 was $19 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $726 Mil.

PGT Innovations'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	*	19.284	/	-7.36
	=	2.62

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

PGT Innovations (PGT Innovations) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » PGT Innovations Inc (NYSE:PGTI) » Definitions » Interest Expense

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P9I:Germany

Address

1070 Technology Drive, North Venice, FL, USA, 34275

Website

https://www.pgtinnovations.com

PGT Innovations Inc is a leading manufacturer of impact-resistant aluminum and vinyl-framed windows and doors and offers a broad range of fully customizable window and door products. The company distributes products through multiple channels, including window distributors, building supply distributors, window replacement dealers, and enclosure contractors. The products are sold through authorized dealers and distributor networks in the states of the Caribbean, Florida, Canada, and in South and Central America but the majority of its revenue is generated from Florida.

Executives

Rodney Hershberger	director	PGT INNOVATIONS, INC., 1070 TECHNOLOGY DRIVE, NORTH VENICE FL 34275
Christopher J Stephens	director	123 MAIN STREET, BRISTOL CT 06010
Deborah L Lapinska	officer: See Remarks	PGT, INC., 1070 TECHNOLOGY DRIVE, NORTH VENICE FL 34275
Craig Henderson	officer: INTERIM CFO	1070 TECHNOLOGY DR., NORTH VENICE FL 34275
Richard D Feintuch	director	PGT INNOVATIONS, INC., 1070 TECHNOLOGY DRIVE, NORTH VENICE FL 34275
Robert Andrew Keller	officer: Sr. V.P. of Cust. Str & Innov.	1070 TECHNOLOGY DRIVE, NORTH VENICE FL 34275
Frances Powell Hawes	director	AMERICAN ELECTRIC TECHNOLOGIES, INC., 6410 LONG DRIVE, HOUSTON TX 77087
William J Morgan	director	123 MAIN STREET, BRISTOL CT 06011-0489
Sheree L Bargabos	director	1070 TECHNOLOGY DRIVE, NORTH VENICE FL 34275
Xavier Boza	director	ONE CAMPBELL PLACE, CAMDEN NJ 08103
Floyd F Sherman	director	BUILDERS FIRSTSOURCE INC., 2001 BRYAN STREET, SUITE 1600, DALLAS TX 75201
Alexander R Castaldi	director	BUILDERS FIRSTSOURCE INC., 2001 BRYAN STREET, SUITE 1600, DALLAS TX 75201
Brett N Milgrim	director	BUILDERS FIRSTSOURCE INC., 2001 BRYAN STREET, SUITE 1600, DALLAS TX 75201
Ryan S. Quinn	officer: Sr. V.P. and General Counsel	11115 RUSHMORE DR., CHARLOTTE NC 28277
Jeffrey T Jackson	director, officer: PRESIDENT AND CEO	PGT, INC., 1070 TECHNOLOGY DRIVE, NORTH VENICE FL 34275