Redwire (Redwire) Interest Expense : $-11.0 Mil (TTM As of Mar. 2024)

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What is Redwire Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Redwire's interest expense for the three months ended in Mar. 2024 was $ -2.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-11.0 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. Redwire's Operating Income for the three months ended in Mar. 2024 was $ -3.6 Mil. Redwire's Interest Expense for the three months ended in Mar. 2024 was $ -2.9 Mil. Redwire 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.

Redwire Interest Expense Historical Data

The historical data trend for Redwire'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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Redwire Interest Expense Chart

Redwire Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-6.46

-8.22

-10.70

Redwire Quarterly Data
	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial									-2.64	-2.66	-2.63	-2.76	-2.92

Redwire 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 $-11.0 Mil.

Redwire (NYSE:RDW) 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.

Redwire's Interest Expense for the three months ended in Mar. 2024 was $-2.9 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-3.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $102.3 Mil.

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

Redwire did not have earnings to cover the interest expense.

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

Redwire (Redwire) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Redwire Corp (NYSE:RDW) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

8226 Philips Highway, Suite 101, Jacksonville, FL, USA, 32256

Website

https://www.redwirespace.com

Redwire Corp is engaged in mission-critical space solutions and reliable components for the next generation space economy, with IP for solar power generation and in-space 3D printing and manufacturing. It assists its customers in solving the complex challenges of future space missions. Its operating units are organized into broad business areas focusing on space commercialization, digitally engineered spacecraft, on-orbit servicing, assembly, and manufacturing, advanced sensors and components, and space domain awareness and resiliency.

Executives

Chris Edmunds	officer: Chief Accounting Officer	C/O REDWIRE CORPORATION, 8226 PHILIPS HIGHWAY, SUITE 101, JACKSONVILLE FL 32256
Jonathan Baliff	director, officer: President and CFO	211 CARNEGIE CENTER, PRINCETON NJ 08540
Ae Industrial Partners Fund Ii Gp, Lp	10 percent owner	2500 N. MILITARY TRAIL, SUITE 470, BOCA RATON FL 33431
M. David Kornblatt	director	1214 ROUND HILL ROAD, BRYN MAWR PA 19010
Leslie B Daniels	director	540 MADISON, 22ND FLOOR, NEW YORK NY 10022
John S Bolton	director	GENESIS PARK HOLDINGS, 2000 EDWARDS STREET, SUITE B, HOUSTON TX 77007
Michael J Bevacqua	director	SANKATY ADVISORS, LLC, JOHN HANCOCK TOWER, 200 CLARENDON STREET, BOSTON MA 02116
Bain Capital Credit Member, Llc	10 percent owner	200 CLARENDON STREET, BOSTON MA 02116
Bcc Redwire Aggregator, L.p.	10 percent owner	200 CLARENDON STREET, BOSTON MA 02116
Ae Industrial Partners Structured Solutions I Gp, Lp	director, 10 percent owner	2500 N. MILITARY TRAIL, SUITE 470, BOCA RATON FL 33431
Ae Industrial Partners Structured Solutions I, Lp	director, 10 percent owner	2500 N. MILITARY TRAIL, SUITE 470, BOCA RATON FL 33431
Michael Robert Greene	10 percent owner	2500 N. MILITARY TRAIL, SUITE 470, BOCA RATON FL 33431
Ae Red Holdings, Llc	10 percent owner	2500 N. MILITARY TRAIL, SUITE 470, BOCA RATON FL 33431
Andrew Rush	officer: President and COO	REDWIRE CORPORATION, 8226 PHILIPS HIGHWAY, SUITE 101, JACKSONVILLE FL 32256
Aeroequity Gp, Llc	10 percent owner	2500 N. MILITARY TRAIL, SUITE 470, BOCA RATON FL 33431