Terran Orbital (Terran Orbital) Interest Expense : $-51.3 Mil (TTM As of Mar. 2024)

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What is Terran Orbital Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Terran Orbital's interest expense for the three months ended in Mar. 2024 was $ -13.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-51.3 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. Terran Orbital's Operating Income for the three months ended in Mar. 2024 was $ -34.5 Mil. Terran Orbital's Interest Expense for the three months ended in Mar. 2024 was $ -13.7 Mil. Terran Orbital did not have earnings to cover the interest expense. 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.

Terran Orbital Interest Expense Historical Data

The historical data trend for Terran Orbital'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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Terran Orbital Interest Expense Chart

Terran Orbital Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-1.32

-1.22

-7.97

-26.64

-48.50

Terran Orbital Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial											-10.93	-11.73	-12.66	-13.18	-13.70

Terran Orbital 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 $-51.3 Mil.

Terran Orbital (NYSE:LLAP) 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.

Terran Orbital's Interest Expense for the three months ended in Mar. 2024 was $-13.7 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-34.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $179.4 Mil.

Terran Orbital's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Terran Orbital did not have earnings to cover the interest expense.

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

Terran Orbital (Terran Orbital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Terran Orbital Corp (NYSE:LLAP) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

6800 Broken Sound Parkway North West, Suite 200, Boca Raton, FL, USA, 33487

Website

https://www.terranorbital.com

Terran Orbital Corp is a vertically integrated provider of end-to-end satellite solutions. The company combines satellite design, production, launch planning, mission operations, and in-orbit support to meet the needs of the demanding military, civil and commercial customers. The company operates in two segments: the Satellite Solutions segment primarily consists of the design, build, and operation of satellites, and the Earth Observation Solutions segment was created to develop, build, launch, and operate a constellation of company-owned Earth observation satellites featuring synthetic aperture radar (SAR) capabilities to provide Earth observation data and mission solutions.

Executives

Jonathan Siegmann	officer: SVP, Corporate Development	6800 BROKEN SOUND PARKWAY NW, SUITE 200, BOCA RATON FL 33487
Anthony J Gingiss	officer: Chief Operating Officer	C/O TERRAN ORBITAL, 6800 BROKEN SOUND PARKWAY, SUITE 200, BOCA RATON FL 33487
Wahid Azizpor	officer: SVP, Manufacturing	C/O TERRAN ORBITAL CORPORATION, SUITE 200, BOCA RATON FL 33487
Santina M Michel	officer: SVP and Chief HR Officer	C/O TERRAN ORBITAL CORPORATION, 6800 BROKEN SOUND PARKWAY, SUITE 200, BOCA RATON FL 33487
Matthew Gann	officer: SVP, Strategy & Business Dev.	CO TERRAN ORBITAL CORPORATION, 6800 BROKEN SOUND PARKWAY NW, SUITE 200, BOCA RATON FL 33487
Mark Kula	officer: SVP, Programs	C/O TERRAN ORBITAL CORPORATION, 6800 BROKEN SOUND PARKWAY NW, SUITE 200, BOCA RATON FL 33487
Stephen Alan Hobart	officer: SVP, Components and Modules	C/O TERRAN ORBITAL CORPORATION, 6800 BROKEN SOUND PARKWAY NW, SUITE 200, BOCA RATON FL 33487
Richard Bays	officer: SVP & CIO	6800 BROKEN SOUND PARKWAY NW, SUITE 200, BOCA RATON FL 33487
Beach Point Capital Management Lp	10 percent owner	1620 26TH STREET, SUITE 6000N, SANTA MONICA CA 90404
Lockheed Martin Corp	10 percent owner	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
James S Black	officer: General Counsel	6800 BROKEN SOUND PARKWAY NW, SUITE 200, BOCA RATON FL 33487
Beach Point Tx Scf Lp	10 percent owner	C/O BEACH POINT CAPITAL MANAGEMENT LP, 1620 26TH STREET, SUITE 6000N, SANTA MONICA CA 90404
Gary A. Hobart	officer: See Remarks	6800 BROKEN SOUND PARKWAY, SUITE 200, BOCA RATON FL 33487
Douglas L. Raaberg	director	10613 REGENT PARK CT., FAIRFAX VA 22030
Mathieu Riffel	officer: Vice President and Controller	6800 BROKEN SOUND PARKWAY, SUITE 200, BOCA RATON FL 33487