Mohawk Industries (LTS:0K2F) Interest Expense : $-75 Mil (TTM As of Mar. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Mohawk Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mohawk Industries's interest expense for the three months ended in Mar. 2024 was $ -15 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-75 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. Mohawk Industries's Operating Income for the three months ended in Mar. 2024 was $ 147 Mil. Mohawk Industries's Interest Expense for the three months ended in Mar. 2024 was $ -15 Mil. Mohawk Industries's Interest Coverage for the quarter that ended in Mar. 2024 was 9.84. 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.

Mohawk Industries Interest Expense Historical Data

The historical data trend for Mohawk Industries'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.

Mohawk Industries Interest Expense Chart

Mohawk Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-41.27

-52.38

-57.25

-51.94

-77.51

Mohawk Industries 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															-17.10	-22.86	-20.14	-17.38	-14.90

Mohawk Industries 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 $-75 Mil.

Mohawk Industries (LTS:0K2F) 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.

Mohawk Industries's Interest Expense for the three months ended in Mar. 2024 was $-15 Mil. Its Operating Income for the three months ended in Mar. 2024 was $147 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $2,016 Mil.

Mohawk Industries'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	*	146.6	/	-14.9
	=	9.84

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

Mohawk Industries (LTS:0K2F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Mohawk Industries Inc (LTS:0K2F) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MHK:USA M1HK34:Brazil

Address

160 South Industrial Boulevard, Calhoun, GA, USA, 30701

Website

https://www.mohawkind.com

Mohawk Industries Inc manufactures a wide range of flooring products, including carpets, rugs, ceramic tile, laminate, wood, luxury vinyl tile, and vinyl flooring. Its operating segments include Global Ceramic, Flooring NA, and Flooring ROW. The company generates maximum revenue from the Global Ceramic segment. Geographically, it derives a majority of its revenue from the United States.

Mohawk Industries (LTS:0K2F) Headlines

No Headlines