Maire Tecnimont SpA (LTS:0QEP) Interest Expense

: €-15 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Maire Tecnimont SpA's interest expense for the three months ended in Dec. 2023 was € 41 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-15 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. Maire Tecnimont SpA's Operating Income for the three months ended in Dec. 2023 was € 58 Mil. Maire Tecnimont SpA's Interest Expense for the three months ended in Dec. 2023 was € 41 Mil. Maire Tecnimont SpA did not have earnings to cover the interest expense. 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.

Maire Tecnimont SpA Interest Expense Historical Data

The historical data trend for Maire Tecnimont SpA'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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Maire Tecnimont SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-12.67

-11.43

-10.14

-9.27

-14.97

Maire Tecnimont SpA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																36.71	-23.92	17.97	-49.88	40.87

Maire Tecnimont SpA 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 €-15 Mil.

Maire Tecnimont SpA (LTS:0QEP) 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.

Maire Tecnimont SpA's Interest Expense for the three months ended in Dec. 2023 was €41 Mil. Its Operating Income for the three months ended in Dec. 2023 was €58 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was €636 Mil.

Maire Tecnimont SpA's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

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

Maire Tecnimont SpA (LTS:0QEP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Maire Tecnimont SpA (LTS:0QEP) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MAIRE:Italy MAIREm:UK 3OY1:Germany

Address

Via Gaetano De Castillia 6A, Milan, ITA, 20124

Website

https://www.mairetecnimont.com

Maire Tecnimont SpA is an Italy-based company that provides engineering and construction services and products through its subsidiary. The company operates through two segments. The Hydrocarbons business unit segment designs and constructs plants, for the natural gas chain involving separation, treatment, liquefaction, transport, storage, regasification and compression, and pumping stations. The Green Energy business unit segment is involved in undertaking mechanical plastics recycling and the promotion of recycled chemicals.

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