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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Triumph Group's interest expense for the three months ended in Dec. 2023 was $ -32 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-161 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. Triumph Group's Operating Income for the three months ended in Dec. 2023 was $ 20 Mil. Triumph Group's Interest Expense for the three months ended in Dec. 2023 was $ -32 Mil. Triumph Group's Interest Coverage for the quarter that ended in Dec. 2023 was 0.61. 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.
The historical data trend for Triumph Group'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.
Triumph Group Annual Data | |||||||||||||||||||||
Trend | Mar14 | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | |||||||||||
Interest Expense | Get a 7-Day Free Trial | -114.62 | -122.13 | -171.40 | -135.86 | -137.71 |
Triumph Group Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Interest Expense | Get a 7-Day Free Trial | -30.77 | -54.45 | -38.65 | -35.88 | -32.42 |
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 $-161 Mil.
* 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.
Triumph Group (NYSE:TGI) Interest Expense Explanation
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. The higher, the better.Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Triumph Group's Interest Expense for the three months ended in Dec. 2023 was $-32 Mil. Its Operating Income for the three months ended in Dec. 2023 was $20 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,628 Mil.
Triumph Group'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 | * | 19.754 | / | -32.419 | |
= | 0.61 |
* 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.
The higher the ratio, the stronger the company's financial strength is.
Warning Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Triumph Group Inc interest coverage is 1.06, which is low.
Quigley Thomas A. Iii | officer: Vice President and Controller | C/O TRIUMPH GROUP, INC., 899 CASSATT ROAD, SUITE 210, BERWYN PA 19312 |
Neal J Keating | director | C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002 |
Mather Courtney | director | C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160 |
Patrick E Allen | director | 400 COLLINS ROAD NE, CEDAR RAPIDS IA 52498 |
Daniel J Crowley | director, officer: President & CEO | 870 WINTER STREET, WALTHAM MA 02451 |
Cynthia M Egnotovich | director | |
Kai W Kasiguran | officer: VP, Controller and PAO | 899 CASSATT ROAD, SUITE 210, BERWYN PA 19312 |
Richard A Goglia | director | 870 WINTER STREET, WALTHAM MA 02451 |
Wick Peter K. A. | officer: EVP, Aerospace Structures | 899 CASSATT ROAD, SUITE 210, BERWYN PA 19312 |
Barbara Humpton | director | 899 CASSATT ROAD, SUITE 210, BERWYN PA 19312 |
Repplier Colleen C | director | 1205 KIMBALL BLVD., JASPER IN 47546 |
William L Mansfield | director | 2301 INDUSTRIAL DR., NEENAH WI 54956 |
Adam Joseph Palmer | director | 1001 PENNSYLVANIA AVENUE, NW, SUITE 220 S, WASHINGTON DC 20004 |
Paul Bourgon | director | 1550 LIBERTY RIDGE DRIVE, SUITE 100, WAYNE PA 19464 |
Daniel P Garton | director | 4333 AMON CARTER BLVD, FORT WORTH TX 76155 |
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