Tutor Perini (FRA:PE2) Interest Expense : €-75 Mil (TTM As of Mar. 2024)

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What is Tutor Perini Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tutor Perini's interest expense for the three months ended in Mar. 2024 was € -17 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-75 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. Tutor Perini's Operating Income for the three months ended in Mar. 2024 was € 45 Mil. Tutor Perini's Interest Expense for the three months ended in Mar. 2024 was € -17 Mil. Tutor Perini's Interest Coverage for the quarter that ended in Mar. 2024 was 2.59. 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.

Tutor Perini Interest Expense Historical Data

The historical data trend for Tutor Perini'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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Tutor Perini Interest Expense Chart

Tutor Perini Annual Data

Trend

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Interest Expense

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-58.59

-53.43

-59.72

-64.22

-76.38

Tutor Perini 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															-19.69	-19.89	-18.59	-19.10	-17.31

Tutor Perini 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 €-75 Mil.

Tutor Perini (FRA:PE2) 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.

Tutor Perini's Interest Expense for the three months ended in Mar. 2024 was €-17 Mil. Its Operating Income for the three months ended in Mar. 2024 was €45 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €718 Mil.

Tutor Perini'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	*	44.902	/	-17.313
	=	2.59

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

Tutor Perini (FRA:PE2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tutor Perini Corp (FRA:PE2) » Definitions » Interest Expense

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TPC:USA

Address

15901 Olden Street, Sylmar, CA, USA, 91342

Website

https://www.tutorperini.com

Tutor Perini Corp offers general contracting, construction management, and design-build services to private and public customers. The company constructs and repairs transportation infrastructure, water-treatment facilities, and a wide range of buildings. It plans and schedules the manpower, equipment, materials, and subcontractors required for a project. Tutor Perini has three operating segments: civil, building, and specialty contractors and generates majority revenue from civil segment. The company offers self-performed construction services, including site work, concrete forming, steel erection, electrical, mechanical, and heating, ventilation, and air conditioning, or HVAC. The majority of its total revenue is derived from the United States.

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