Granite Construction (FRA:GRG) Interest Expense : €-22 Mil (TTM As of Mar. 2024)

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What is Granite Construction Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Granite Construction's interest expense for the three months ended in Mar. 2024 was € -7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-22 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. Granite Construction's Operating Income for the three months ended in Mar. 2024 was € -41 Mil. Granite Construction's Interest Expense for the three months ended in Mar. 2024 was € -7 Mil. Granite Construction did not have earnings to cover the interest expense. 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.

Granite Construction Interest Expense Historical Data

The historical data trend for Granite Construction'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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Granite Construction Interest Expense Chart

Granite Construction Annual Data

Trend

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Dec23

Interest Expense

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-16.25

-19.62

-18.35

-11.92

-16.93

Granite Construction Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-2.70	-3.81	-4.57	-6.02	-7.44

Granite Construction 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-22 Mil.

Granite Construction (FRA:GRG) 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.

Granite Construction's Interest Expense for the three months ended in Mar. 2024 was €-7 Mil. Its Operating Income for the three months ended in Mar. 2024 was €-41 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €532 Mil.

Granite Construction's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Granite Construction did not have earnings to cover the interest expense.

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

Granite Construction (FRA:GRG) Business Description

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GVA:USA

Address

585 West Beach Street, Watsonville, CA, USA, 95076

Website

https://www.graniteconstruction.com

Granite Construction Inc engages in the construction and development of various infrastructure projects on behalf of public and private clients in the United States. It focuses on heavy civil infrastructure projects, including roads, highways, transit facilities, airports, and bridges. In addition, the company performs site preparation and infrastructure services for residential development, energy development, and other facilities. The majority of revenue is derived from the company's construction operating segment, with the remainder derived from its materials segment.

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