Construtora Tenda (BSP:TEND3) Interest Expense : R$-192 Mil (TTM As of Dec. 2023)

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What is Construtora Tenda Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Construtora Tenda's interest expense for the three months ended in Dec. 2023 was R$ -49 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was R$-192 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. Construtora Tenda's Operating Income for the three months ended in Dec. 2023 was R$ 46 Mil. Construtora Tenda's Interest Expense for the three months ended in Dec. 2023 was R$ -49 Mil. Construtora Tenda's Interest Coverage for the quarter that ended in Dec. 2023 was 0.95. 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.

Construtora Tenda Interest Expense Historical Data

The historical data trend for Construtora Tenda'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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Construtora Tenda Interest Expense Chart

Construtora Tenda Annual Data

Trend

Dec13

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-40.67

-38.22

-94.31

-235.93

-177.35

Construtora Tenda 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															-58.75	-24.88	-45.14	-48.58	-73.00

Construtora Tenda 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 R$-192 Mil.

Construtora Tenda (BSP:TEND3) 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.

Construtora Tenda's Interest Expense for the three months ended in Dec. 2023 was R$-49 Mil. Its Operating Income for the three months ended in Dec. 2023 was R$46 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was R$830 Mil.

Construtora Tenda'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	*	45.915	/	-48.579
	=	0.95

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

Construtora Tenda (BSP:TEND3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Construtora Tenda SA (BSP:TEND3) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Rua Boa Vista, 280, Sao Paulo, SP, BRA, 01010-001

Website

https://www.tenda.com

Construtora Tenda SA is engaged in the performance of general construction works, real estate development, real estate purchase, and sale, the provision of general construction management services, the intermediation of the sale of consortium shares, and the holding of interests in other companies. The SPEs are exclusively engaged in real estate operations and are linked to specific projects. The company concentrates its activities in nine metropolitan regions of Brazil, uniquely operating within bracket 2 of the Casa Verde e Amarela federal government housing program. The company focuses on affordable housing which allows it to pursue scale gains and continuous improvement. It has a single SKU for no-elevator buildings.

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