Titan International (Titan International) Interest Expense : $-18 Mil (TTM As of Mar. 2024)

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What is Titan International Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Titan International's interest expense for the three months ended in Mar. 2024 was $ -5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-18 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. Titan International's Operating Income for the three months ended in Mar. 2024 was $ 31 Mil. Titan International's Interest Expense for the three months ended in Mar. 2024 was $ -5 Mil. Titan International's Interest Coverage for the quarter that ended in Mar. 2024 was 5.69. 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.

Titan International Interest Expense Historical Data

The historical data trend for Titan 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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Titan International Interest Expense Chart

Titan International Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-32.00

-30.55

-32.22

-29.80

-18.79

Titan 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															-6.49	-5.76	-3.93	-2.60	-5.49

Titan 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 $-18 Mil.

Titan International (NYSE:TWI) 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.

Titan International's Interest Expense for the three months ended in Mar. 2024 was $-5 Mil. Its Operating Income for the three months ended in Mar. 2024 was $31 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $650 Mil.

Titan 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	*	31.268	/	-5.492
	=	5.69

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

Titan International (Titan International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Titan International Inc (NYSE:TWI) » Definitions » Interest Expense

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Traded in Other Exchanges

TZ4:Germany

Address

1525 Kautz Road, Suite 600, West Chicago, IL, USA, 60185

Website

https://www.titan-intl.com

Titan International Inc is a manufacturer of wheels, tires, wheel and tire assemblies, and undercarriage systems and components for off-highway vehicles. The company operates through three segments namely Agricultural, Earthmoving/Construction, and Consumer. Geographically, business of the group can be seen in the United States, Europe / CIS, Latin America and Other international. Titan derives most of the revenue from Agricultural segment which manufacture various agricultural equipment, including tractors, combines, plows, planters and irrigation equipment, and are sold directly to original equipment manufacturers and to the aftermarket through independent distributors, equipment dealers and Titan's own distribution centers.

Executives

Max A Guinn	director	DEERE & COMPANY, ONE JOHN DEERE PLACE, MOLINE IL 61265
Michael G Troyanovich	officer: Secretary&Asst General Counsel	2701 SPRUCE STREET, QUINCY IL 62301
Anthony Eheli	officer: VP, Chief Accounting Officer	2701 SPRUCE STREET, QUINCY IL 62301
Taylor Maurice M Jr	director, officer: President & CEO	2701 SPRUCE STREET, QUINCY IL 62301
Paul G Reitz	officer: Chief Financial Officer	1301 FIRST AVENUE, COLUMBUS GA 31901
Laura K Thompson	director	200 INNOVATION WAY, AKRON OH 44316
Gary L Cowger	director	5725 DELPHI DRIVE, TROY MI 48098
Mhr Institutional Advisors Iii Llc	10 percent owner	40 WEST 57 STREET, 24TH FLOOR, NEW YORK NY 10019
Mhr Institutional Partners Iii Lp	10 percent owner	40 WEST 57TH STREET, 24TH FLOOR, NEW YORK NY 10019
Mhr Holdings Llc	10 percent owner	40 WEST 57TH STREET, 24TH FLOOR, NEW YORK NY 10019
Mhr Fund Management Llc	10 percent owner	1345 AVENUE OF THE AMERICAS,, 42ND FLOOR, NEW YORK NY 10105
David A Martin	officer: Chief Financial Officer	C/O TITAN INTERNATIONAL, INC., 2701 SPRUCE STREET, QUINCY IL 62301
Amy S Evans	officer: Interim CFO	2701 SPRUCE STREET, QUINCY IL 62301
James M Froisland	officer: Interim CFO	385 PERSIMMON DRIVE, ST. CHARLES IL 60174
Anthony L Soave	director	C/O TITAN INTERNATIONAL CORP, 2701 SPRUCE STREET, QUINCY IL 62301