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The Toro Co (FRA:TO2) Interest Expense : €-56 Mil (TTM As of Jan. 2024)


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What is The Toro Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. The Toro Co's interest expense for the three months ended in Jan. 2024 was € -15 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was €-56 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. The Toro Co's Operating Income for the three months ended in Jan. 2024 was € 81 Mil. The Toro Co's Interest Expense for the three months ended in Jan. 2024 was € -15 Mil. The Toro Co's Interest Coverage for the quarter that ended in Jan. 2024 was 5.47. 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.

The Toro Co Interest Expense Historical Data

The historical data trend for The Toro Co'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.

The Toro Co Interest Expense Chart

The Toro Co Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -26.07 -28.18 -24.74 -36.24 -55.59

The Toro Co Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 -13.09 -13.42 -13.55 -14.09 -14.87

The Toro Co 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-56 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.

The Toro Co  (FRA:TO2) 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.

The Toro Co's Interest Expense for the three months ended in Jan. 2024 was €-15 Mil. Its Operating Income for the three months ended in Jan. 2024 was €81 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was €1,183 Mil.

The Toro Co's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Jan. 2024 )/Interest Expense (Q: Jan. 2024 )
=-1*81.335/-14.872
=5.47

* 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.

The Toro Co (FRA:TO2) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » The Toro Co (FRA:TO2) » Definitions » Interest Expense
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RBC TKR LECO SWK SNA HLMN KMT EML SCX QEPC HKSE:00669 OSTO:SKF B TSE:6586 XSWX:SFSN OSTO:HUSQ A TSE:9962 SZSE:002444 XTER:GIL TSE:6141 BOM:522113
Traded in Other Exchanges
TTC:USA
Address
8111 Lyndale Avenue South, Bloomington, MN, USA, 55420-1196
Website
https://www.thetorocompany.com
The Toro Co manufactures turf maintenance and landscaping equipment. The company produces reel and rotary riding products, trim cutting and walking mowers, greens rollers, turf sprayer equipment, underground irrigation systems, heavy-duty walk-behind mowers, and sprinkler systems used for professional turf and landscape maintenance and construction. Its products are marketed through a network of distributors and dealers to predominantly professional users maintaining turfs and sports fields such as golf courses. Its operating segments are Professional which generates a substantial part of its revenue, and Residential segment. The company also produces snow plowers and ice management products. Its key revenue generating market is the United States.

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