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CTT-Correios de Portugal (FRA:C7T) Interest Expense : €-22 Mil (TTM As of Sep. 2024)


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What is CTT-Correios de Portugal Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CTT-Correios de Portugal's interest expense for the three months ended in Sep. 2024 was € -5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was €-22 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. CTT-Correios de Portugal's Operating Income for the three months ended in Sep. 2024 was € 18 Mil. CTT-Correios de Portugal's Interest Expense for the three months ended in Sep. 2024 was € -5 Mil. CTT-Correios de Portugal's Interest Coverage for the quarter that ended in Sep. 2024 was 3.68. 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.

CTT-Correios de Portugal Interest Expense Historical Data

The historical data trend for CTT-Correios de Portugal'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.

* Premium members only.

CTT-Correios de Portugal Interest Expense Chart

CTT-Correios de Portugal Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -10.28 -5.11 -8.42 -8.98 -16.40

CTT-Correios de Portugal Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -4.55 -9.88 -2.48 -4.29 -5.00

CTT-Correios de Portugal 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-22 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.

CTT-Correios de Portugal  (FRA:C7T) 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.

CTT-Correios de Portugal's Interest Expense for the three months ended in Sep. 2024 was €-5 Mil. Its Operating Income for the three months ended in Sep. 2024 was €18 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was €452 Mil.

CTT-Correios de Portugal's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*18.397/-4.999
=3.68

* 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.

CTT-Correios de Portugal Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » CTT-Correios de Portugal SA (FRA:C7T) » Definitions » Interest Expense
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Traded in Other Exchanges
CTTOF:USA CTT:Portugal 0QIM:UK
Address
Avenida dos Combatentes 43, No.1643-0011, 4th Floor, Lisbon, PRT, 1999-001
Website
https://www.ctt.pt
CTT-Correios de Portugal SA is a logistics company domiciled in Portugal. The company organizes itself into four segments: mail, express and parcels, financial services, and bank. The mail segment, which generates a vast majority of the company's revenue, provides mail postal services to business customers, distribution of advertising materials, and postal communication solutions, among others. Express and parcels, the next segment, provides parcel postal and courier services. The company provides financial services such as payment processing and retail banking through both the financial services segment and the bank segment. The company earns majority of its revenue domestically.

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