Tetra Tech (Tetra Tech) Interest Expense : $-57 Mil (TTM As of Dec. 2023)

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What is Tetra Tech Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tetra Tech's interest expense for the three months ended in Dec. 2023 was $ -10 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-57 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. Tetra Tech's Operating Income for the three months ended in Dec. 2023 was $ 111 Mil. Tetra Tech's Interest Expense for the three months ended in Dec. 2023 was $ -10 Mil. Tetra Tech's Interest Coverage for the quarter that ended in Dec. 2023 was 11.60. 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.

Tetra Tech Interest Expense Historical Data

The historical data trend for Tetra Tech'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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Tetra Tech Interest Expense Chart

Tetra Tech Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-15.36

-14.48

-12.75

-13.36

-52.44

Tetra Tech 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															-5.37	-13.32	-14.87	-18.87	-9.58

Tetra Tech 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 $-57 Mil.

Tetra Tech (NAS:TTEK) 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.

Tetra Tech's Interest Expense for the three months ended in Dec. 2023 was $-10 Mil. Its Operating Income for the three months ended in Dec. 2023 was $111 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,085 Mil.

Tetra Tech'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	*	111.081	/	-9.577
	=	11.60

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

Tetra Tech (Tetra Tech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tetra Tech Inc (NAS:TTEK) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

TT6:Germany TT6:Germany

Address

3475 East Foothill Boulevard, Pasadena, CA, USA, 91107

Website

https://www.tetratech.com

Tetra Tech Inc provides consulting and engineering services for environmental, infrastructure, resource management, energy, and international development markets. It specializes in providing water-related services for public and private clients. It designs infrastructure, facilities, and other structures with complex plans and resource management. Tetra Tech has two reportable segments. Its Government Services Group (GSG) reportable segment primarily includes activities with U.S. government clients (federal, state and local) and activities with development agencies worldwide. Commercial/International Services Group (CIG) reportable segment primarily includes activities with U.S. commercial clients and international clients other than development agencies.

Executives

Brian N Carter	officer: SVP, CORPORATE CONTROLLER	3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Kirsten M Volpi	director	TETRA TECH, INC., 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Dan L Batrack	director, officer: CHAIRMAN AND CEO	TETRA TECH, INC., 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Jill Hudkins	officer: President	3475 E. FOOTHILL BLVD., PASADENA CA 91107
Roger R Argus	officer: SVP, Gov't Svcs. Group	TETRA TECH, INC., 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Preston Iii Hopson	officer: SVP, GENERAL COUNSEL	3475 E FOOTHILL BLVD, PASADENA CA 91107
J Kenneth Thompson	director	ALASKA AIR GROUP, 19300 PACIFIC HIGHWAY SOUTH, SEATTLE WA 98188
Kimberly E Ritrievi	director	TETRA TECH, INC, 3475 E. FOOTHILL BLVD., PASADENA CA 91107
Steven M Burdick	officer: EVP, CFO	TETRA TECH, INC., 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Christiana Obiaya	director	130 W UNION STREET, PASADENA CA 91103
J Christopher Lewis	director	TETRA TECH, INC, 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Prashant Gandhi	director	3475 E. FOOTHILL BLVD., PASADENA CA 91107
William R Brownlie	officer: SVP, CHIEF ENGINEER	3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Patrick C Haden	director	3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Brendan M. O'rourke	officer: SVP, Enterprise Risk Mgmt.	3475 E FOOTHILL BLVD, PASADENA CA 91107