Tecnicas Reunidas (XMAD:TRE) Interest Expense : €-39 Mil (TTM As of Dec. 2023)

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What is Tecnicas Reunidas Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tecnicas Reunidas's interest expense for the three months ended in Dec. 2023 was € -15 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-39 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. Tecnicas Reunidas's Operating Income for the three months ended in Dec. 2023 was € 37 Mil. Tecnicas Reunidas's Interest Expense for the three months ended in Dec. 2023 was € -15 Mil. Tecnicas Reunidas's Interest Coverage for the quarter that ended in Dec. 2023 was 2.53. 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.

Tecnicas Reunidas Interest Expense Historical Data

The historical data trend for Tecnicas Reunidas'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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Tecnicas Reunidas Interest Expense Chart

Tecnicas Reunidas Annual Data

Trend

Dec14

Dec15

Dec16

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Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-11.37

-15.53

-16.51

-25.22

-39.16

Tecnicas Reunidas 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															-7.42	-5.50	-18.58	-0.52	-14.56

Tecnicas Reunidas 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €-39 Mil.

Tecnicas Reunidas (XMAD:TRE) 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.

Tecnicas Reunidas's Interest Expense for the three months ended in Dec. 2023 was €-15 Mil. Its Operating Income for the three months ended in Dec. 2023 was €37 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was €582 Mil.

Tecnicas Reunidas's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	36.798	/	-14.563
	=	2.53

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

Tecnicas Reunidas (XMAD:TRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tecnicas Reunidas SA (XMAD:TRE) » Definitions » Interest Expense

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Traded in Other Exchanges

0MKT:UK T5R:Germany TRE:Austria

Address

Arapiles Street, 14, Madrid, ESP, 28015

Website

http://www.tecnicasreunidas.es

Tecnicas Reunidas SA is a general contracting company. It engages in engineering, design and construction of industrial facilities for international customers including principal national oil companies and multinational companies. The firm's majority of business is focused on large turnkey industrial projects and it also offers engineering, management, start-up and operating services for industrial plants. Its business areas are oil and gas, power, infrastructures and industries. The company mainly operates in Spain, Middle East, Latin America, Asia and the Mediterranean region.

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