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Ferrotec Holdings (Ferrotec Holdings) Interest Expense : $-12 Mil (TTM As of Dec. 2023)


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What is Ferrotec Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ferrotec Holdings's interest expense for the three months ended in Dec. 2023 was $ -3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-12 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. Ferrotec Holdings's Operating Income for the three months ended in Dec. 2023 was $ 55 Mil. Ferrotec Holdings's Interest Expense for the three months ended in Dec. 2023 was $ -3 Mil. Ferrotec Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 18.79. 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.

Ferrotec Holdings Interest Expense Historical Data

The historical data trend for Ferrotec 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.

* Premium members only.

Ferrotec Holdings Interest Expense Chart

Ferrotec Holdings Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -12.23 -13.59 -6.82 -8.50 -11.92

Ferrotec Holdings 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.31 -2.71 -3.01 -2.92 -3.59

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

* 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.

Ferrotec Holdings  (OTCPK:FRRZF) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Ferrotec Holdings's Interest Expense for the three months ended in Dec. 2023 was $-3 Mil. Its Operating Income for the three months ended in Dec. 2023 was $55 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $615 Mil.

Ferrotec Holdings'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*54.806/-2.917
=18.79

* 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.

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

Ferrotec Holdings (Ferrotec Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Ferrotec Holdings Corp (OTCPK:FRRZF) » Definitions » Interest Expense
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Traded in Other Exchanges
6890:Japan FER:Germany
Address
2-3-4 Nihonbashi, Chuo-ku, Nihonbashi Plaza Building, Tokyo, JPN, 103-0027
Website
http://www.ferrotec.co.jp
Ferrotec Holdings Corp is a manufacturer of semiconductor equipment related products. The company operates through four business segments. Its Electronic device segment manufactures thermo-electric modules, ferrofluid, and power semiconductor substrate. The Equipment-related segment is engaged in the production and sale of vacuum seal, quartz products, ceramics and silicon products, silicon parts, and wafer products. Its Photovoltaic segment is involved in the formation of silicon crystal equipment, quartz crucible, and silicon for the solar cell. The company's Other segment comprises of laundry and other related industrial equipment.