Tutor Perini (Tutor Perini) Interest Coverage

: 0 (At Loss) (As of Dec. 2023)

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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 by its Interest Expense. Tutor Perini's Operating Income for the three months ended in Dec. 2023 was $-22 Mil. Tutor Perini's Interest Expense for the three months ended in Dec. 2023 was $-21 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Tutor Perini's Interest Coverage or its related term are showing as below:

TPC's Interest Coverage is not ranked ^*
in the Construction industry.
Industry Median: 7.08
* Ranked among companies with meaningful Interest Coverage only.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Tutor Perini Interest Coverage Historical Data

The historical data trend for Tutor Perini's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Tutor Perini Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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0.23

4.04

3.36

Tutor Perini Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															-	-	0.11	-	-

Competitive Comparison

For the Engineering & Construction subindustry, Tutor Perini's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tutor Perini Interest Coverage Distribution

For the Construction industry and Industrials sector, Tutor Perini's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Tutor Perini's Interest Coverage falls into.

Tutor Perini Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Tutor Perini's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Tutor Perini's Interest Expense was $-83 Mil. Its Operating Income was $-115 Mil. And its Long-Term Debt & Capital Lease Obligation was $782 Mil.

Tutor Perini did not have earnings to cover the interest expense.

Tutor Perini's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Tutor Perini's Interest Expense was $-21 Mil. Its Operating Income was $-22 Mil. And its Long-Term Debt & Capital Lease Obligation was $782 Mil.

Tutor Perini did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's Financial Strength is.

Tutor Perini (NYSE:TPC) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Tutor Perini Interest Coverage Related Terms

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Tutor Perini (Tutor Perini) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tutor Perini Corp (NYSE:TPC) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

PE2:Germany

Address

15901 Olden Street, Sylmar, CA, USA, 91342

Website

https://www.tutorperini.com

Tutor Perini Corp offers general contracting, construction management, and design-build services to private and public customers. The company constructs and repairs transportation infrastructure, water-treatment facilities, and a wide range of buildings. It plans and schedules the manpower, equipment, materials, and subcontractors required for a project. Tutor Perini has three operating segments: civil, building, and specialty contractors and generates majority revenue from civil segment. The company offers self-performed construction services, including site work, concrete forming, steel erection, electrical, mechanical, and heating, ventilation, and air conditioning, or HVAC. The majority of its total revenue is derived from the United States.

Executives

Ronald N Tutor	director, 10 percent owner, officer: Chairman & CEO	C/O TUTOR PERINI CORP, 15901 OLDEN STREET, SYLMAR CA 91342
Dale Anne Reiss	director	589 KINZIE ISLAND COURT, SANIBEL FL 33957
Michael Francis Smithson	officer: Executive Vice President	15901 OLDEN ST, SYLMAR CA 91342
Sidney J Feltenstein	director	5328 NORTH BAY RD, MIAMI BEACH FL 33140
Desai Jigisha	director	C/O 585 WEST BEACH STREET, WATSONVILLE CA 95076
Dennis D Oklak	director	600 E 96TH ST, #100, INDIANAPOLIS IN 46240
Michael Filip Horodniceanu	director	15901 OLDEN STREET, SYLMAR CA 91342
Robert C Lieber	director	C/O ISLAND CAPITAL GROUP, LLC, 717 5TH AVENUE, 18TH FLOOR, NEW YORK NY 10022
Ghassan Ariqat	officer: Executive Vice President	15901 OLDEN ST., SYLMAR CA 91342
James A Frost	officer: Executive VP	TUTOR PERINI CORPORATION, 15901 OLDEN STREET, SYLMAR CA 91342
Michael R Klein	director	2001 K STREET, N.W., SUITE 206, WASHINGTON DC 20006
Gary G. Smalley	officer: Executive VP and CFO	C/O TUTOR PERINI CORPORATION, 15901 OLDEN STREET, SYLMAR CA 91342
Ronald N. Tutor Separate Property Trust	10 percent owner	C/O JOHN D. BARRETT, 15901 OLDEN STREET, SYLMAR CA 91342
Raymond R Oneglia	director	C/O O&G INDUSTRIES, INC., 112 WALL STREET, TORRINGTON CT 06790
Jean Jamil Abiassi	officer: Pres & CEO, Bldg & Spec Groups	C/O TUTOR PERINI CORPORATION, 15901 OLDEN ST., SYLMAR CA 91342