CTT-Correios de Portugal (CTT-Correios de Portugal) Interest Expense : $-22 Mil (TTM As of Dec. 2023)

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What is CTT-Correios de Portugal Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CTT-Correios de Portugal's interest expense for the three months ended in Dec. 2023 was $ -11 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-22 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. CTT-Correios de Portugal's Operating Income for the three months ended in Dec. 2023 was $ 51 Mil. CTT-Correios de Portugal's Interest Expense for the three months ended in Dec. 2023 was $ -11 Mil. CTT-Correios de Portugal's Interest Coverage for the quarter that ended in Dec. 2023 was 4.72. 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.

CTT-Correios de Portugal Interest Expense Historical Data

The historical data trend for CTT-Correios de Portugal'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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CTT-Correios de Portugal Interest Expense Chart

CTT-Correios de Portugal Annual Data

Trend

Dec14

Dec15

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Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-11.42

-6.21

-9.51

-9.52

-17.89

CTT-Correios de Portugal 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															-5.56	-1.62	-4.61	-4.86	-10.77

CTT-Correios de Portugal 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 $-22 Mil.

CTT-Correios de Portugal (GREY:CTTPY) 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.

CTT-Correios de Portugal's Interest Expense for the three months ended in Dec. 2023 was $-11 Mil. Its Operating Income for the three months ended in Dec. 2023 was $51 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $554 Mil.

CTT-Correios de Portugal'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	*	50.872	/	-10.771
	=	4.72

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

CTT-Correios de Portugal (CTT-Correios de Portugal) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » CTT-Correios de Portugal SA (GREY:CTTPY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

CTTOF:USA CTT:Portugal 0QIM:UK C7T:Germany

Address

Avenida dos Combatentes 43, No.1643-0011, 4th Floor, Lisbon, PRT, 1999-001

Website

https://www.ctt.pt

CTT-Correios de Portugal SA is a logistics company domiciled in Portugal. The company organizes itself into four segments: mail, express and parcels, financial services, and bank. The mail segment, which generates a vast majority of the company's revenue, provides mail postal services to business customers, distribution of advertising materials, and postal communication solutions, among others. Express and parcels, the next largest segment, provides parcel postal and courier services. The company provides financial services such as payment processing and retail banking through both the financial services segment and the bank segment. The company earns most of its revenue domestically.