Malibu Boats (Malibu Boats) Interest Expense : $-2 Mil (TTM As of Mar. 2024)

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What is Malibu Boats Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Malibu Boats's interest expense for the three months ended in Mar. 2024 was $ -0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-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. Malibu Boats's Operating Income for the three months ended in Mar. 2024 was $ 13 Mil. Malibu Boats's Interest Expense for the three months ended in Mar. 2024 was $ -0 Mil. Malibu Boats's Interest Coverage for the quarter that ended in Mar. 2024 was 45.56. 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.

Malibu Boats Interest Expense Historical Data

The historical data trend for Malibu Boats'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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Malibu Boats Interest Expense Chart

Malibu Boats Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-6.46

-3.89

-2.53

-2.88

-2.96

Malibu Boats 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															-0.65	-0.12	-0.88	-0.67	-0.30

Malibu Boats 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 $-2 Mil.

Malibu Boats (NAS:MBUU) 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.

Malibu Boats's Interest Expense for the three months ended in Mar. 2024 was $-0 Mil. Its Operating Income for the three months ended in Mar. 2024 was $13 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $15 Mil.

Malibu Boats'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	*	13.487	/	-0.296
	=	45.56

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

Malibu Boats (Malibu Boats) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Malibu Boats Inc (NAS:MBUU) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MBUU:Mexico M05:Germany

Address

5075 Kimberly Way, Loudon, TN, USA, 37774

Website

https://www.malibuboats.com

Malibu Boats is a leading designer and manufacturer of power boats in the United States. It is the market leader in performance sport boats, sold under its Malibu and Axis brands. It acquired Cobalt Boats, a leading producer of sterndrive boats in the U.S. in the 24-foot to 29-foot segment, and Pursuit Boats, which makes high-end offshore and outboard motorboats in 2018. In 2021, it purchased Maverick Boat Group, a leading seller of flat fishing boats, with exposure to bay, dual-console, and center-console boats. Malibu has also expanded into boat trailers and accessories, and in 2020 began producing its own engines (Monsoon) for its performance sport boats and now for Cobalt. Malibu's target market includes a wide range of water enthusiasts who embrace the active outdoor lifestyle.

Executives

David Scott Black	officer: Interim CFO	C/O MALIBU BOATS, INC., 5075 KIMBERLY WAY, LOUDON TN 37774
Ritchie L. Anderson	officer: Chief Operating Officer	5075 KIMBERLY WAY, LOUDON TN 37774
Springer Jackie D. Jr.	officer: Chief Executive Officer	5075 KIMBERLY WAY, LOUDON TN 37774
Nancy M Taylor	director	TREDEGAR CORP, 1100 BOULDERS PARKWAY, RICHMOND VA 23219
Peter E Murphy	director	ONE CAESARS PALACE DRIVE, LAS VEGAS NV 89109
Wayne R. Wilson	officer: Chief Financial Officer	5075 KIMBERLY WAY, LOUDON TN 37774
Mark W. Lanigan	director, 10 percent owner	5075 KIMBERLY WAY, LOUDON TN 37774
Michael K. Hooks	director, 10 percent owner	2000 AVENUE OF THE STARS, LOS ANGELES CA 90067
Joan M Lewis	director	C/O MALIBU BOATS, INC., 5075 KIMBERLY WAY, LOUDON TN 37774
Deborah S. Kent	officer: VP Human Resources	5075 KIMBERLY WAY, LOUDON TN 37774
Phillip S. Estes	director	5075 KIMBERLY WAY, LOUDON TN 37774
St Clair William Paxson Jr	director, officer: President of Cobalt Boats, LLC	2625 VERONA ROAD, MISSION HILLS KS 66208
Dan L. Gasper	officer: VP of Product Design	5075 KIMBERLY WAY, LOUDON TN 37774
Black Canyon Investments, L.p.	10 percent owner	2000 AVENUE OF THE STARS, 11TH FLOOR, LOS ANGELES CA 90067
Canyon Value Realization Master Fund, L.p.	10 percent owner	2000 AVENUE OF THE STARS, 11TH FLOOR, LOS ANGELES CA 90067