Broadwind (STU:9IRA) Interest Expense : €-3.0 Mil (TTM As of Mar. 2024)

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What is Broadwind Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Broadwind's interest expense for the three months ended in Mar. 2024 was € -0.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-3.0 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. Broadwind's Operating Income for the three months ended in Mar. 2024 was € 1.9 Mil. Broadwind's Interest Expense for the three months ended in Mar. 2024 was € -0.5 Mil. Broadwind's Interest Coverage for the quarter that ended in Mar. 2024 was 3.91. 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.

Broadwind Interest Expense Historical Data

The historical data trend for Broadwind'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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Broadwind Interest Expense Chart

Broadwind Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-2.08

-1.63

-1.00

-3.04

-2.94

Broadwind 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															-0.46	-0.69	-0.87	-0.95	-0.49

Broadwind 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 €-3.0 Mil.

Broadwind (STU:9IRA) 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.

Broadwind's Interest Expense for the three months ended in Mar. 2024 was €-0.5 Mil. Its Operating Income for the three months ended in Mar. 2024 was €1.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €23.3 Mil.

Broadwind'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	*	1.912	/	-0.489
	=	3.91

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

Broadwind (STU:9IRA) Business Description

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BWEN:USA

Address

3240 S. Central Avenue, Cicero, IL, USA, 60804

Website

https://www.bwen.com

Broadwind Inc is a precision manufacturer of structures, equipment and components for clean technology and other specialized applications. The company provide technologically high value products to customers with complex systems and stringent quality standards that operate in energy, mining and infrastructure sectors, in the United States of America. It capabilities include heavy fabrications, welding, metal rolling, coatings, gear cutting and shaping, gearbox manufacturing and repair, heat treat, assembly, engineering and packaging solutions. It operates through three operating segments namely Heavy Fabrications, Gearing and Industrial Solutions.

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