Titan Machinery (Titan Machinery) Interest Expense

: $-21 Mil (TTM As of Jan. 2024)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Titan Machinery's interest expense for the three months ended in Jan. 2024 was $ -9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was $-21 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 Machinery's Operating Income for the three months ended in Jan. 2024 was $ 41 Mil. Titan Machinery's Interest Expense for the three months ended in Jan. 2024 was $ -9 Mil. Titan Machinery's Interest Coverage for the quarter that ended in Jan. 2024 was 4.37. 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 Machinery Interest Expense Historical Data

The historical data trend for Titan Machinery'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 Machinery Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Interest Expense

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-9.81

-7.18

-5.71

-6.94

-21.11

Titan Machinery Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Expense	Get a 7-Day Free Trial															-2.06	-2.55	-3.70	-5.77	-9.32

Titan Machinery 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-21 Mil.

Titan Machinery (NAS:TITN) 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 Machinery's Interest Expense for the three months ended in Jan. 2024 was $-9 Mil. Its Operating Income for the three months ended in Jan. 2024 was $41 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was $157 Mil.

Titan Machinery's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jan. 2024 )	/	Interest Expense (Q: Jan. 2024 )
	=	-1	*	40.709	/	-9.323
	=	4.37

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

Titan Machinery (Titan Machinery) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Titan Machinery Inc (NAS:TITN) » Definitions » Interest Expense

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Traded in Other Exchanges

3TY:Germany

Address

644 East Beaton Drive, West Fargo, ND, USA, 58078-2648

Website

https://www.titanmachinery.com

Titan Machinery Inc owns and operates a network of full-service agricultural and construction equipment stores. The company sells and repairs agricultural equipment, including machinery and attachments for large-scale farming and home and gardening purposes, as well as construction equipment. It operates through the following segments: The Agriculture segment sells, services, and rents machinery and related parts and attachments, for uses ranging from large-scale farming to home and garden use, The construction segment sells, services, and rents machinery, and related parts and attachments, for uses ranging from heavy construction to light industrial machinery use, and the International segment sells services, rents machinery, and related parts.

Executives

Stan K. Erickson	director	10380 28TH AVENUE NORTH, MINNEAPOLIS MN 55441
Robert Larsen	officer: Chief Financial Officer	644 EAST BEATON DRIVE, WEST FARGO ND 58078
Frank Anglin	director	644 EAST BEATON DRIVE, WEST FARGO ND 58078
Tony Christianson	director
David Joseph Meyer	director, officer: Chairman and CEO	644 EAST BEATON DRIVE, WEST FARGO ND 58078
Bryan J Knutson	officer: Chief Operating Officer	C/O TITAN MACHINERY INC., 644 EAST BEATON DRIVE, WEST FARGO ND 58078
Mark P. Kalvoda	officer: Chief Financial Officer	644 EAST BEATON DRIVE, WEST FARGO ND 58078
Bradley Crews	director	644 EAST BEATON DRIVE, WEST FARGO ND 58078
Christine E Hamilton	director	225 S MAIN AVE, P O BOX 5000, SIOUX FALLS SD 57117
John W Henderson	director	644 EAST BEATON DRIVE, WEST FARGO ND 58078
Jody L Horner	director	C/O TITAN MACHINERY, 644 EAST BEATON DRIVE, WEST FARGO ND 58078
Richard L Mack	director	9590 SKY LANE, EDEN PRAIRIE MN 55347
Theodore M Crosbie	director	644 EAST BEATON DRIVE, WEST FARGO ND 58078
Peter J. Christianson	director, officer: President and CFO	644 EAST BEATON DRIVE, WEST FARGO ND 58078
James Irwin	director	10543 EAST MARK LANE, SCOTTSDALE AZ 85262