TIM (TIMB) Interest Expense : $-494 Mil (TTM As of Sep. 2023)

View and export this data going back to 1998. Start your Free Trial

What is TIM Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. TIM's interest expense for the three months ended in Sep. 2023 was $ -136 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-494 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. TIM's Operating Income for the three months ended in Sep. 2023 was $ 252 Mil. TIM's Interest Expense for the three months ended in Sep. 2023 was $ -136 Mil. TIM's Interest Coverage for the quarter that ended in Sep. 2023 was 1.85. 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.

TIM Interest Expense Historical Data

The historical data trend for TIM'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.

* Premium members only.

TIM Interest Expense Chart

TIM Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-241.49

-166.36

-222.61

-412.76

-430.43

TIM Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-92.51	-74.70	-152.73	-136.48	-130.39

TIM 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-494 Mil.

TIM (NYSE:TIMB) 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.

TIM's Interest Expense for the three months ended in Sep. 2023 was $-136 Mil. Its Operating Income for the three months ended in Sep. 2023 was $252 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $0 Mil.

TIM's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	251.81	/	-136.477
	=	1.85

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

TIM (TIMB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » TIM SA (NYSE:TIMB) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

TIMS3:Brazil

Address

Avenida Joao Cabral de Melo Neto, 850, Torre Norte, 12th Floor, Room 1212, Barra da Tijuca, Rio de Janeiro, RJ, BRA, 22775-057

Website

https://ri.tim.com.br

TIM, which is 67%-owned by Telecom Italia, is the third largest wireless carrier in Brazil, with 61 million subscribers, equal to about 24% of the market. The firm also owns 49% of I-Systems, an infrastructure partnership that is expanding its network footprint across Brazil. I-Systems can provide broadband service to about 9 million locations, equal to a bit less than 15% of the country. TIM leases capacity on the venture's network to serve retail broadband customers under the UltraFibra brand.