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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. TechnipFMC's interest expense for the three months ended in Mar. 2024 was $ -13 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-108 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. TechnipFMC's Operating Income for the three months ended in Mar. 2024 was $ 159 Mil. TechnipFMC's Interest Expense for the three months ended in Mar. 2024 was $ -13 Mil. TechnipFMC's Interest Coverage for the quarter that ended in Mar. 2024 was 12.52. 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.
The historical data trend for TechnipFMC'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.
TechnipFMC Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Interest Expense | Get a 7-Day Free Trial | -134.90 | -134.10 | -157.30 | -138.70 | -122.20 |
TechnipFMC 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 | -27.00 | -34.40 | -30.70 | -30.10 | -12.70 |
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 $-108 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.
TechnipFMC (NYSE:FTI) 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.
TechnipFMC's Interest Expense for the three months ended in Mar. 2024 was $-13 Mil. Its Operating Income for the three months ended in Mar. 2024 was $159 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $887 Mil.
TechnipFMC'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 | * | 159 | / | -12.7 | |
= | 12.52 |
* 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.
Cristina Aalders | officer: EVP, Chief Legal Officer & Sec | ONE SUBSEA LANE, HOUSTON TX 77044 |
De Carvalho Filho Eleazar | director | HADRIAN HOUSE, WINCOMBLEE ROAD, NEWCASTLE UPON TYNE X0 NE6 3PL |
Robert G Gwin | director | 1201 LAKE ROBBINS DR, THE WOODLANDS TX 77380 |
Jonathan Landes | officer: President Subsea | ONE SUBSEA LANE, HOUSTON TX 77044 |
Thierry Conti | officer: President, Surface | ONE SUBSEA LANE, HOUSTON TX 77044 |
Luana Duffe | officer: EVP, New Energy Ventures | ONE SUBSEA LANE, HOUSTON TX 77044 |
Nisha P. Rai | officer: EVP, People & Culture | ONE SUBSEA LANE, HOUSTON TX 77044 |
Rousset Sophie Zurquiyah | director | C/O TECHNIPFMC PLC, HADRIAN HOUSE, WINCOMBLEE ROAD, NEWCASTLE UPON TYNE X0 NE6 3PL |
Alf Melin | officer: EVP & Chief Financial Officer | ONE SUBSEA LANE, HOUSTON TX 77044 |
Victoria Lazar | officer: EVP, General Counsel & Sec | ONE SUBSEA LANE, HOUSTON TX 77044 |
Margareth Oevrum | director | FMC CORPORATION, 2929 WALNUT STREET, PHILADELPHIA PA 19104 |
Oleary John C G | director | C/O TECHNIPFMC PLC, HADRIAN HOUSE, WINCOMBLEE ROAD, NEWCASTLE UPON TYNE X0 NE6 3PL |
Olivier Piou | director | ONE ST. PAUL'S CHURCHYARD, LONDON X0 EC4M 8AP |
Maryann T. Mannen | officer: EVP & Chief Financial Officer | C/O MARATHON PETROLEUM CORPORATION, 539 SOUTH MAIN ST, FINDLAY OH 45840 |
Catherine Macgregor | officer: President Onshore/Offshore | 6 ALLEE DE LARCHE FAUBOURG DE LARCHE, ZAC DANTON, COURBEVOIE I0 92400 |
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