TFI International (TFI International) Interest Expense : $-87 Mil (TTM As of Mar. 2024)

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What is TFI International Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. TFI International's interest expense for the three months ended in Mar. 2024 was $ -28 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-87 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. TFI International's Operating Income for the three months ended in Mar. 2024 was $ 148 Mil. TFI International's Interest Expense for the three months ended in Mar. 2024 was $ -28 Mil. TFI International's Interest Coverage for the quarter that ended in Mar. 2024 was 5.36. 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.

TFI International Interest Expense Historical Data

The historical data trend for TFI International'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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TFI International Interest Expense Chart

TFI International Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-57.93

-47.41

-59.47

-65.49

-75.47

TFI International 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															-15.69	-16.31	-18.29	-25.19	-27.51

TFI International 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 $-87 Mil.

TFI International (NYSE:TFII) 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.

TFI International's Interest Expense for the three months ended in Mar. 2024 was $-28 Mil. Its Operating Income for the three months ended in Mar. 2024 was $148 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $2,548 Mil.

TFI International'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	*	147.56	/	-27.506
	=	5.36

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

TFI International (TFI International) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » TFI International Inc (NYSE:TFII) » Definitions » Interest Expense

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TFII:Canada

Address

8801 Trans-Canada Highway, Suite 500, Saint-Laurent, Montreal, QC, CAN, H4S 1Z6

Website

https://www.tfiintl.com

TFI International Inc is a transportation and logistics company domiciled in Canada. The company organises itself into four segments: package and courier, less-than-truckload, truckload, and logistics. The package and courier segment picks up, transports, and delivers items across North America. The less-than-truckload segment transports smaller loads. The truckload segment transports goods by flatbed trucks, containers, or a more specialised service. The company provides general logistics services through the logistics segment. TFI International derives the majority of revenue domestically, followed by the United States.