Zurn Elkay Water Solutions (Zurn Elkay Water Solutions) Interest Expense : $-38 Mil (TTM As of Mar. 2024)

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What is Zurn Elkay Water Solutions Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zurn Elkay Water Solutions's interest expense for the three months ended in Mar. 2024 was $ -9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-38 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. Zurn Elkay Water Solutions's Operating Income for the three months ended in Mar. 2024 was $ 60 Mil. Zurn Elkay Water Solutions's Interest Expense for the three months ended in Mar. 2024 was $ -9 Mil. Zurn Elkay Water Solutions's Interest Coverage for the quarter that ended in Mar. 2024 was 6.76. 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.

Zurn Elkay Water Solutions Interest Expense Historical Data

The historical data trend for Zurn Elkay Water Solutions'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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Zurn Elkay Water Solutions Interest Expense Chart

Zurn Elkay Water Solutions Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Dec23

Interest Expense

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-69.90

-56.60

-34.70

-26.90

-38.50

Zurn Elkay Water Solutions 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															-9.60	-10.30	-9.90	-8.70	-8.80

Zurn Elkay Water Solutions 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 $-38 Mil.

Zurn Elkay Water Solutions (NYSE:ZWS) 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.

Zurn Elkay Water Solutions's Interest Expense for the three months ended in Mar. 2024 was $-9 Mil. Its Operating Income for the three months ended in Mar. 2024 was $60 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $529 Mil.

Zurn Elkay Water Solutions'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	*	59.5	/	-8.8
	=	6.76

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

Zurn Elkay Water Solutions (Zurn Elkay Water Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zurn Elkay Water Solutions Corp (NYSE:ZWS) » Definitions » Interest Expense

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Traded in Other Exchanges

4RX0:Germany

Address

511 West Freshwater Way, Milwaukee, WI, USA, 53204

Website

https://www.zurn-elkay.com

Zurn Elkay Water Solutions Corp designs procure, manufactures, and markets a range of clean water solutions for drinking water, hygiene, and sustainable water management. The Zurn Elkay product portfolio includes professional-grade water control and safety, water distribution and drainage, drinking water, finish plumbing, hygienic, environmental and site works products for public and private spaces.

Executives

Michael Troutman	officer: Chief Information Officer	247 FRESHWATER WAY, SUITE 300, MILWAUKEE WI 53204
Craig Wehr	officer: Group Ex., President-Zurn	C/O REXNORD CORPORATION, P.O. BOX 2022, MILWAUKEE WI 53201
Emma M Mctague	director	1917 FOUR WHEEL DRIVE, OSHKOSH WI 54902
Jeffrey A Schoon	officer: Executive Vice President	511 W. FRESHWATER WAY, MILWAUKEE WI 53204
Kate Silha	officer: Chief Human Resources Officer	511 W. FRESHWATER WAY, MILWAUKEE WI 53204
Rodney Jackson	officer: SVP-Bus.&Corp. Development	C/O REXNORD CORPORATION, P.O. BOX 2022, MILWAUKEE WI 53201
Sudhanshu Chhabra	officer: VP-Zurn Business Systems	C/O REXNORD CORPORATION, 247 FRESHWATER WAY, SUITE 300, MILWAUKEE WI 53204
Thomas Christopoul	director	RESOURCES CONNECTION INC, 17101 ARMSTRONG AVENUE, IRVINE CA 92614
Katz 2004 Dyn Trust	10 percent owner	C/O ERROL R. HALPERIN, 444 W. LAKE STREET, SUITE 900, CHICAGO IL 60606
Errol R. Halperin	director	C/O VITAL THERAPIES, INC., 15010 AVENUE OF SCIENCE, SUITE 200, SAN DIEGO CA 92128
Timothy J Jahnke	director	115 ANSLEY WAY, ROSWELL GA 30075
Hamilton William Edward Iv	officer: Pres. Elkay Mfg. Company	511 W. FRESHWATER WAY, MILWAUKEE WI 53204
Cascade Bay Llc	10 percent owner	C/O THE NORTHERN TRUST COMPANY, 50 S. LASALLE ST., B-3, CHICAGO IL 60603
Ice Mountain Llc	10 percent owner	C/O THE NORTHERN TRUST COMPANY, 50 S. LASALLE ST., B-3, CHICAGO IL 60603
Ronald C. Katz	10 percent owner	827 S. GARFIELD STREET, HINSDALE IL 60521