Aerojet Rocketdyne Holdings (Aerojet Rocketdyne Holdings) Interest Expense : $-20 Mil (TTM As of Mar. 2023)

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What is Aerojet Rocketdyne Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Aerojet Rocketdyne Holdings's interest expense for the three months ended in Mar. 2023 was $ -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was $-20 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. Aerojet Rocketdyne Holdings's Operating Income for the three months ended in Mar. 2023 was $ 53 Mil. Aerojet Rocketdyne Holdings's Interest Expense for the three months ended in Mar. 2023 was $ -6 Mil. Aerojet Rocketdyne Holdings's Interest Coverage for the quarter that ended in Mar. 2023 was 9.35. 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.

Aerojet Rocketdyne Holdings Interest Expense Historical Data

The historical data trend for Aerojet Rocketdyne Holdings'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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Aerojet Rocketdyne Holdings Interest Expense Chart

Aerojet Rocketdyne Holdings Annual Data

Trend

Nov13

Nov14

Nov15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-34.40

-35.70

-30.10

-20.10

-18.60

Aerojet Rocketdyne Holdings Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Interest Expense	Get a 7-Day Free Trial															-4.10	-4.30	-5.10	-5.30	-5.70

Aerojet Rocketdyne Holdings 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 Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-20 Mil.

Aerojet Rocketdyne Holdings (NYSE:AJRD) 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.

Aerojet Rocketdyne Holdings's Interest Expense for the three months ended in Mar. 2023 was $-6 Mil. Its Operating Income for the three months ended in Mar. 2023 was $53 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2023 was $329 Mil.

Aerojet Rocketdyne Holdings's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2023 )	/	Interest Expense (Q: Mar. 2023 )
	=	-1	*	53.3	/	-5.7
	=	9.35

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

Aerojet Rocketdyne Holdings (Aerojet Rocketdyne Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

222 N. Pacific Coast Highway, Suite 500, El Segundo, CA, USA, 90245

Website

https://www.aerojetrocketdyne.com

Aerojet Rocketdyne Holdings Inc manufactures aerospace and defense products and systems. It produces driving and launch systems for defense and space applications, weapons, and weapons systems for tactical missions. The systems can provide directional control for rockets, satellites, missiles, and other technical products. It operates in two segments: aerospace and defense, and real estate. The company manufactures its aerospace and defense products for the U.S. government, the National Aeronautics and Space Administration, aerospace and defense prime contractors, and portions of the commercial sector. The real estate segment focuses on rezoning, entitlement, sale, and leasing of real estate assets. The company's excess real estate is primarily located in California.

Executives

Joseph E. Chontos	officer: See Remarks	222 N. PACIFIC COAST HIGHWAY, SEGUNDO CA 90245
Kevin P. Chilton	director	1201 LAKE ROBBINS DRIVE, THE WOODLANDS TX 77380
Lance W Lord	director	1110 TRUMPETERS COURT, MONUMENT CO 80132
Eileen P. Drake	director, officer: CEO and President	C/O GENCORP INC., P.O. BOX 537012, SACRAMENTO CA 95853-7012
Marion C Blakey	director	C/O ALASKA AIR GROUP, INC., 19300 INTERNATIONAL BLVD, SEATTLE WA 98188
Deborah L James	director	1710 SAIC DRIVE, MCLEAN VA 22102
Gail Baker	director	C/O LEONARDO DRS, INC., 2345 CRYSTAL DRIVE SUITE 1000, ARLINGTON VA 22202
Daniel L. Boehle	officer: CFO, VP and Controller	C/O AEROJET ROCKETDYNE HOLDINGS, INC., 222 N. SEPULVEDA BOULEVARD, SUITE 500, EL SEGUNDO CA 90245
Warren G Lichtenstein	director, officer: Executive Chairman	C/O STEEL PARTNERS II L P, 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Arjun Kampani	officer: VP, Gen Counsel and Secretary	C/O AEROJET ROCKETDYNE HOLDINGS, INC., 2001 AEROJET ROAD, RANCHO CORDOVA CA 95742
John D. Schumacher	officer: SVP, Washington Operations	C/O GENCORP INC., P.O. BOX 537012, SACRAMENTO CA 95853-7012
Amy L Gowder	officer: Chief Operating Officer	AEROJET ROCKETDYNE HOLDINGS, INC., 222 N. PACIFIC COAST HIGHWAY, SUITE 500, EL SEGUNDO CA 90245
Audrey A. Mcniff	director	C/O AEROJET ROCKETDYNE HOLDINGS, INC., 222 N. PACIFIC COAST HIGHWAY, SUITE 500, EL SEGUNDO CA 90245
Thomas A Corcoran	director	3790 VIA DE LA VALLE, SUITE 311, DEL MAR CA 92014
Martin Turchin	director	CB RICHARD ELLIS, 200 PARK AVENUE, NEW YOK NY 10166