GRPOF (Grupo TraxionB de CV) Interest Expense : $-89 Mil (TTM As of Sep. 2024)

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What is Grupo TraxionB de CV Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Grupo TraxionB de CV's interest expense for the three months ended in Sep. 2024 was $ -23 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-89 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. Grupo TraxionB de CV's Operating Income for the three months ended in Sep. 2024 was $ 32 Mil. Grupo TraxionB de CV's Interest Expense for the three months ended in Sep. 2024 was $ -23 Mil. Grupo TraxionB de CV's Interest Coverage for the quarter that ended in Sep. 2024 was 1.36. 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.

Grupo TraxionB de CV Interest Expense Historical Data

The historical data trend for Grupo TraxionB de CV'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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Grupo TraxionB de CV Interest Expense Chart

Grupo TraxionB de CV Annual Data

Trend

Dec14

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Dec22

Dec23

Interest Expense

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-36.78

-32.16

-28.23

-46.13

-86.26

Grupo TraxionB de CV 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															-21.08	-21.06	-22.01	-22.32	-23.26

Grupo TraxionB de CV 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 $-89 Mil.

Grupo TraxionB de CV (OTCPK:GRPOF) 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.

Grupo TraxionB de CV's Interest Expense for the three months ended in Sep. 2024 was $-23 Mil. Its Operating Income for the three months ended in Sep. 2024 was $32 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $576 Mil.

Grupo TraxionB de CV'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	*	31.58	/	-23.256
	=	1.36

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

Grupo TraxionB de CV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Grupo Traxion SAB de CV (OTCPK:GRPOF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

TRAXIONA:Mexico

Address

Paseo de la Reforma 115, Floor 17, Lomas de Chapultepec, Mexico City, MEX, MEX, 11700

Website

http://www.traxion.global

Grupo Traxion SAB de CV is engaged in distribution, logistics and ground transportation. The company provides freight, integrated logistics, warehousing, logistics systems, personnel and student transportation, moving, advertising and special services.