Loar Holdings (Loar Holdings) Interest Expense : $-17.73 Mil (TTM As of Mar. 2024)

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What is Loar Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Loar Holdings's interest expense for the three months ended in Mar. 2024 was $ -17.73 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-17.73 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. Loar Holdings's Operating Income for the three months ended in Mar. 2024 was $ 22.20 Mil. Loar Holdings's Interest Expense for the three months ended in Mar. 2024 was $ -17.73 Mil. Loar Holdings's Interest Coverage for the quarter that ended in Mar. 2024 was 1.25. 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.

Loar Holdings Interest Expense Historical Data

The historical data trend for Loar 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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Loar Holdings Interest Expense Chart

Loar Holdings Annual Data

Trend

Dec22

Dec23

Interest Expense

-42.07

-67.05

Loar Holdings Quarterly Data
	Dec22	Mar23	Dec23	Mar24
Interest Expense	-	-15.40	-	-17.73

Loar 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-17.73 Mil.

Loar Holdings (NYSE:LOAR) 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.

Loar Holdings's Interest Expense for the three months ended in Mar. 2024 was $-17.73 Mil. Its Operating Income for the three months ended in Mar. 2024 was $22.20 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $536.28 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	22.2	/	-17.734
	=	1.25

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

Loar Holdings (Loar Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Loar Holdings Inc (NYSE:LOAR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 New King Street, White Plains, New York, NY, USA, 10604

Website

https://www.loargroup.com

Loar Holdings Inc in the design, manufacture, and sale of niche aerospace and defense components that are essential for today's aircraft and aerospace and defense systems. Its manufactured products includes auto throttles, lap-belt airbags, two- and three-point seat belts, water purification systems, fire barriers, polyimide washers and bushings, latches, hold-open and tie rods, temperature and fluid sensors and switches, carbon and metallic brake discs, fluid and pneumatic-based ice protection, RAM air components, sealing solutions and motion and actuation devices, among others. It operate across ten manufacturing facilities located in the United States, one manufacturing facility in Germany and one manufacturing facility in the United Kingdom (UK).

Loar Holdings (Loar Holdings) Headlines

From GuruFocus

Director M Crow Acquires 71,429 Shares of Loar Holdings Inc (LOAR)

By GuruFocus Research • 04-29-2024