Horizon Global (Horizon Global) Interest Expense : $-33.2 Mil (TTM As of Sep. 2022)

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What is Horizon Global Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Horizon Global's interest expense for the three months ended in Sep. 2022 was $ -10.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2022 was $-33.2 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. Horizon Global's Operating Income for the three months ended in Sep. 2022 was $ -8.6 Mil. Horizon Global's Interest Expense for the three months ended in Sep. 2022 was $ -10.2 Mil. Horizon Global 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.

Horizon Global Interest Expense Historical Data

The historical data trend for Horizon Global'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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Horizon Global Interest Expense Chart

Horizon Global Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Interest Expense

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-22.41

-27.45

-58.27

-31.68

-27.97

Horizon Global Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Interest Expense	Get a 7-Day Free Trial															-6.97	-6.97	-7.67	-8.31	-10.23

Horizon Global 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 Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-33.2 Mil.

Horizon Global (NYSE:HZN) 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.

Horizon Global's Interest Expense for the three months ended in Sep. 2022 was $-10.2 Mil. Its Operating Income for the three months ended in Sep. 2022 was $-8.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2022 was $239.8 Mil.

Horizon Global's Interest Coverage for the quarter that ended in Sep. 2022 is calculated as

Horizon Global did not have earnings to cover the interest expense.

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

Horizon Global (Horizon Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Horizon Global Corp (NYSE:HZN) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

47912 Halyard Drive, Suite 100, Plymouth, MI, USA, 48170

Website

http://www.horizonglobal.com

Horizon Global Corp designs, manufactures and distributes towing, trailering, cargo management and related products for original equipment to aftermarket, automotive, and retail markets. It holds various brands including draw tite, hayman reese, reese, aqua clear, bulldog, fulton, harper, hidden hitch, highland, laitner, park side, pro series, reese towpower, rola, tekonsha, tow ready, trimotive americas and wesberg. The company's geographical segment includes Horizon Americas and Horizon Europe-Africa.

Executives

Jian James Zhou	officer: Chief Financial Officer	47912 HALYARD DRIVE, STE.100, PLYMOUTH MI 48170
John Frederick Barrett	director	47912 HALYARD ROAD, SUITE 100, PLYMOUTH MI 48170
Corre Partners Management, Llc	director, other: See Remarks	12 EAST 49TH STREET, SUITE 4003, NEW YORK NY 10017
John C Kennedy	director	GRAND RAPIDS 616- 698 0707, KENTWOOD MI 49512
Ryan L Langdon	director	1901 N ROSELLE RD., SUITE 500, SCHAUMBURG IL 60195
Terry Gohl	director, officer: President, CEO	27175 HAGGERTY ROAD, NOVI MI 48377
Debra Sue Oler	director	3 GRENADIER COURT, LINCOLNSHIRE IL 60069
Donna Costello	director	17 STEWART COURT, WESTWOOD NJ 07675
Matthew Pollick	officer: Chief Operating Officer	47912 HALYARD ROAD, STE. 100, PLYMOUTH MI 48170
Dennis E. Richardville	officer: Chief Financial Officer	47912 HALYARD DRIVE, SUITE 100, PLYMOUTH MI 48170
Matthew Joseph Meyer	other: Chief Accounting Officer	47912 HALYARD ROAD, SUITE 100, PLYMOUTH MI 48170
Richard J. Jok	officer: Interim Chief Financial Office	47912 HALYARD ROAD, SUITE 100, PLYMOUTH MI 48170
Atlas Capital Resources Ii Lp	10 percent owner	ONE SOUND SHORE DRIVE, #203, GREENWICH CT 06830
James F Sistek	officer: Chief Administrative Officer	ONE VILLAGE CENTER DRIVE, VAN BUREN TOWNSHIP MI 48111
Harry James Wilson	director	VISTEON CORPORATION, ONE VILLAGE CENTER DRIVE, VAN BUREN TOWNSHIP MI 48111