Tubacex (FRA:TCX) Interest Expense : €-35.1 Mil (TTM As of Mar. 2024)

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What is Tubacex Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tubacex's interest expense for the three months ended in Mar. 2024 was € -8.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-35.1 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. Tubacex's Operating Income for the three months ended in Mar. 2024 was € 8.3 Mil. Tubacex's Interest Expense for the three months ended in Mar. 2024 was € -8.7 Mil. Tubacex's Interest Coverage for the quarter that ended in Mar. 2024 was 0.95. 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.

Tubacex Interest Expense Historical Data

The historical data trend for Tubacex'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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Tubacex Interest Expense Chart

Tubacex Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-13.50

-14.28

-14.57

-22.57

-33.16

Tubacex 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															-6.00	-8.28	-8.60	-9.51	-8.70

Tubacex 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 €-35.1 Mil.

Tubacex (FRA:TCX) 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.

Tubacex's Interest Expense for the three months ended in Mar. 2024 was €-8.7 Mil. Its Operating Income for the three months ended in Mar. 2024 was €8.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €107.8 Mil.

Tubacex'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	*	8.3	/	-8.7
	=	0.95

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

Tubacex (FRA:TCX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tubacex SA (FRA:TCX) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

TUB:Mexico TUBe:UK TUB:Spain TCX:Germany

Address

Tres Cruces 8, PO Box 2201400, Llodio, ESP, 01400

Website

http://www.tubacex.com

Tubacex SA together with its subsidiaries, manufactures and markets stainless steel and high-nickel alloy tubes and pipes. The company's product portfolio includes hollow bars, steel and fittings products. It primarily serves oil and gas, petrochemical, chemical and power generation industries. It also devotes part of its production to the mechanical industry, aerospace, food, water desalination, electronics, capital goods and new technologies among other industries. Group has its industrial facilities in the Spain, Austria, the United States, Italy, India, and Thailand. Most of the revenue is generated through the sale of goods and rest from the rendering of services.