Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Team's interest expense for the
three
months ended in Dec. 2023 was $ -11.7 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-55.2 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. Team's Operating Income for the
three
months ended in Dec. 2023 was $ -8.9 Mil. Team's Interest Expense for the
three
months ended in Dec. 2023 was $ -11.7 Mil.
Team 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.
Team 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-55.2 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.
Team (NYSE:TISI) 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.
Team's Interest Expense for the
three
months ended in Dec. 2023 was $-11.7 Mil. Its
Operating Income
for the
three
months ended in Dec. 2023 was $-8.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Dec. 2023 was $336.2 Mil.
Team's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as
| Team did not have earnings to cover the interest expense. |
* 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.
Team (TISI) Business Description
Traded in Other Exchanges
Address
13131 Dairy Ashford, Suite 600, Sugar Land, TX, USA, 77478
Team Inc is a provider of specialty industrial services, including inspection, engineering assessment and mechanical repair and remediation required in maintaining high temperature and high-pressure piping systems and vessels that are utilized in refining, petrochemical, and others. The company operates in two segments namely Inspection and Heat Treating Group and Mechanical Services Group. Inspection and Heat Treating Group provides non-destructive testing services for the process, pipeline and power sectors and others. The Mechanical Services Group provides call-out and turnaround services under both on-stream and shut down circumstances.
Executives
| Evan S. Lederman |
director |
C/O FIR TREE PARTNERS, 55 WEST 46TH STREET, 29TH FLOOR, NEW YORK NY 10036 |
| Edward J. Stenger |
director |
C/O MOTORS LIQUIDATION COMPANY, 300 RENAISSANCE DRIVE, DETROIT MI 48625 |
| Nelson M Haight |
officer: Chief Financial Officer |
110 B JACKSON BLVD, HOUSTON TX 77006 |
| Jeffery Gerald Davis |
director |
PO BOX 336, BURTON TX 77835 |
| Anthony R Horton |
director |
12377 MERIT DRIVE, SUITE 1700, DALLAS TX 75251 |
| Michael J Caliel |
director |
1800 WEST LOOP SOUTH, SUITE 500, HOUSTON TX 77027 |
| Corre Opportunities Qualified Master Fund, Lp |
10 percent owner |
12 EAST 49TH STREET, 40TH FLOOR, NEW YORK NY 10017 |
| Corre Horizon Fund, Lp |
10 percent owner |
CONYERS TRUST COMPANY (CAYMAN) LTD, CRICKET SQUARE, HUTCHINS DR, BOX 2681, GRAND CAYMAN E9 KY1-1111 |
| Corre Horizon Ii Fund, Lp |
10 percent owner |
12 EAST 49TH STREET, 40TH FLOOR, NEW YORK NY 10017 |
| Corre Partners Management, Llc |
10 percent owner |
12 EAST 49TH STREET, SUITE 4003, NEW YORK NY 10017 |
| J Michael Anderson |
director |
|
| Matthew E Acosta |
officer: VP & Chief Accounting Officer |
13131 DAIRY ASHFORD, SUITE 600, SUGAR LAND TX 77478 |
| Candice Koederitz |
director |
937 TAHOE BOULEVARD, INCLINE VILLAGE NV 89451 |
| Young Robert James Iii |
officer: President, AID |
13131 DAIRY ASHFORD, SUITE 600, SUGAR LAND TX 77478 |
| James Chadwick Murray |
officer: President, MOS |
13131 DAIRY ASHFORD, SUITE 600, SUGAR LAND TX 77478 |
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