Other Income & Expense
Interest Expense
Barnes Group Interest Expense decreased by 6.0% to $19.57M in Q3 2024 compared to the prior quarter. Year-over-year, this metric declined by 14.1%, from $22.79M to $19.57M. Over 2 years (FY 2021 to FY 2023), Interest Expense shows an upward trend with a 89.4% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementIncome Statement
SectionOther Income & Expense
CategoryLeverage
SignalLower is better
VolatilityStable
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
Increasing interest expense may signal higher debt levels or rising interest rates, which can reduce net profitability.
Detailed definition
Interest expense represents the cost incurred by a company for borrowed funds, such as loans, bonds, or other debt instr...
Peer comparison
Highly dependent on the company's capital structure; peers with lower debt-to-equity ratios will show lower interest expenses.
Metric ID:
interest_expenseHistorical Data
14 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $4.48M | $4.03M | $3.77M | $3.57M | $3.33M | $3.36M | $4.38M | $5.31M | $6.51M | $22.79M | $23.56M | $24.83M | $20.81M | $19.57M |
| QoQ Change | — | -10.0% | -6.5% | -5.3% | -6.8% | +1.0% | +30.3% | +21.3% | +22.7% | +250.0% | +3.4% | +5.4% | -16.2% | -6.0% |
| YoY Change | — | — | — | — | -25.7% | -16.6% | +16.2% | +48.8% | +95.8% | +578.9% | +438.5% | +367.8% | +219.6% | -14.1% |
Range$3.33M – $24.83M
CAGR+57.5%
Avg YoY Growth+170.9%
Median YoY Growth+72.3%
Current Streak2 quarters decline
Interest Expense at Other Companies
Frequently Asked Questions
- What is Barnes Group's interest expense?
- Barnes Group (B) reported interest expense of $19.57M in Q3 2024.
- How has Barnes Group's interest expense changed year-over-year?
- Barnes Group's interest expense decreased by 14.1% year-over-year, from $22.79M to $19.57M.
- What is the long-term trend for Barnes Group's interest expense?
- Over 2 years (2021 to 2023), Barnes Group's interest expense has grown at a 89.4% compound annual growth rate (CAGR), from $16.21M to $58.17M.
- What does interest expense mean?
- The cost of borrowing money, paid as interest on debt.