Textron (BSP:T1XT34) Interest Expense : R$-379 Mil (TTM As of Mar. 2024)

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What is Textron Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Textron's interest expense for the three months ended in Mar. 2024 was R$ -100 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was R$-379 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. Textron's Operating Income for the three months ended in Mar. 2024 was R$ 1,350 Mil. Textron's Interest Expense for the three months ended in Mar. 2024 was R$ -100 Mil. Textron's Interest Coverage for the quarter that ended in Mar. 2024 was 13.55. 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.

Textron Interest Expense Historical Data

The historical data trend for Textron'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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Textron Interest Expense Chart

Textron Annual Data

Trend

Dec14

Dec15

Dec16

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Dec19

Dec20

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Dec23

Interest Expense

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-701.87

-854.02

-803.00

-561.26

-377.29

Textron 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															-104.17	-92.22	-93.84	-93.10	-99.60

Textron 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was R$-379 Mil.

Textron (BSP:T1XT34) 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.

Textron's Interest Expense for the three months ended in Mar. 2024 was R$-100 Mil. Its Operating Income for the three months ended in Mar. 2024 was R$1,350 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was R$15,736 Mil.

Textron'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	*	1349.526	/	-99.596
	=	13.55

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

Textron (BSP:T1XT34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Textron Inc (BSP:T1XT34) » Definitions » Interest Expense

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Traded in Other Exchanges

TXT:USA TXT:Germany

Address

40 Westminster Street, Providence, RI, USA, 02903

Website

https://www.textron.com

Textron is a conglomerate that mostly designs, manufactures, and services a range of specialty aircraft including small jets, propeller-driven airplanes, helicopters, and tilt-rotor aircraft. The firm's aviation segment manufactures and services Cessna and Beechcraft planes. Bell is a helicopter and tilt-rotor manufacturer and servicer for both commercial and military customers. Textron Systems produces uncrewed aircraft and armored vehicles for the military market as well as aircraft simulators and training for the commercial and military markets. Textron Industrial contains the Kautex business that manufactures plastic fuel tanks for conventional and hybrid motor vehicles and other subsidiaries that produce specialized vehicles such as golf carts, snowmobiles, and all-terrain vehicles.

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