Universal Electronics (STU:UE1) Interest Expense : €-4.0 Mil (TTM As of Mar. 2024)

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What is Universal Electronics Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Universal Electronics's interest expense for the three months ended in Mar. 2024 was € -0.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-4.0 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. Universal Electronics's Operating Income for the three months ended in Mar. 2024 was € -5.4 Mil. Universal Electronics's Interest Expense for the three months ended in Mar. 2024 was € -0.8 Mil. Universal Electronics 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.

Universal Electronics Interest Expense Historical Data

The historical data trend for Universal Electronics'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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Universal Electronics Interest Expense Chart

Universal Electronics Annual Data

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Dec23

Interest Expense

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-3.53

-1.17

-0.50

-2.08

-3.97

Universal Electronics 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															-0.91	-1.01	-1.14	-0.96	-0.85

Universal Electronics 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 €-4.0 Mil.

Universal Electronics (STU:UE1) 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.

Universal Electronics's Interest Expense for the three months ended in Mar. 2024 was €-0.8 Mil. Its Operating Income for the three months ended in Mar. 2024 was €-5.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €10.6 Mil.

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

Universal Electronics did not have earnings to cover the interest expense.

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

Universal Electronics (STU:UE1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Universal Electronics Inc (STU:UE1) » Definitions » Interest Expense

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UEIC:USA UE1:Germany

Address

15147 N. Scottsdale Road, Suite H300, Scottsdale, AZ, USA, 85254-2494

Website

https://www.uei.com

Universal Electronics Inc is a United States-based company that is principally engaged in developing and manufacturing a series of electronic products, including wireless control products, audio-video accessories, intelligent wireless automation components, and software. The company focuses on the subscription broadcast, consumer electronics and residential security markets, with customers consisting of subscription broadcasters, original equipment manufacturer, private-label brands, retailers, pro-security dealers, and companies in the computing industry. The company has a global presence and generates most of its total revenue from the United States.

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