TP ICAP GROUP (TP ICAP GROUP) Interest Expense : $-80 Mil (TTM As of Dec. 2023)

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What is TP ICAP GROUP Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. TP ICAP GROUP's interest expense for the six months ended in Dec. 2023 was $ -47 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-80 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. TP ICAP GROUP's Operating Income for the six months ended in Dec. 2023 was $ 132 Mil. TP ICAP GROUP's Interest Expense for the six months ended in Dec. 2023 was $ -47 Mil. TP ICAP GROUP's Interest Coverage for the quarter that ended in Dec. 2023 was 2.81. 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.

TP ICAP GROUP Interest Expense Historical Data

The historical data trend for TP ICAP GROUP'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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TP ICAP GROUP Interest Expense Chart

TP ICAP GROUP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-65.53

-67.20

-77.13

-68.21

-79.75

TP ICAP GROUP Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-39.89	-28.33	-40.20	-32.83	-46.84

TP ICAP GROUP 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 semi-annually data reported by the company within the most recent 12 months, which was $-80 Mil.

TP ICAP GROUP (OTCPK:TCAPF) 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.

TP ICAP GROUP's Interest Expense for the six months ended in Dec. 2023 was $-47 Mil. Its Operating Income for the six months ended in Dec. 2023 was $132 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $1,224 Mil.

TP ICAP GROUP'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	*	131.646	/	-46.835
	=	2.81

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

TP ICAP GROUP (TP ICAP GROUP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » TP ICAP GROUP PLC (OTCPK:TCAPF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

TCAPl:UK TCAP:UK 8D7:Germany

Address

135 Bishopsgate, London, GBR, EC2M 3TP

Website

http://www.tpicap.com

TP ICAP GROUP PLC provides broking professional intermediary services to match buyers and sellers of different financial, energy and commodities products. Its role includes to create liquidity and price discovery in markets and provide insight and context to the clients. The company provides proprietary over the counter ('OTC') pricing information in the world with the data on financial, energy and commodities products. Its clients include banks, insurance companies, pension funds, asset managers, hedge funds, central banks, energy producers and refiners, risk and compliance managers and charities.

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