Teco Electric & Machinery Co (LSE:TECD) Interest Expense : $-11 Mil (TTM As of Mar. 2024)

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What is Teco Electric & Machinery Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Teco Electric & Machinery Co's interest expense for the three months ended in Mar. 2024 was $ -3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-11 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. Teco Electric & Machinery Co's Operating Income for the three months ended in Mar. 2024 was $ 51 Mil. Teco Electric & Machinery Co's Interest Expense for the three months ended in Mar. 2024 was $ -3 Mil. Teco Electric & Machinery Co's Interest Coverage for the quarter that ended in Mar. 2024 was 18.12. 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.

Teco Electric & Machinery Co Interest Expense Historical Data

The historical data trend for Teco Electric & Machinery 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.

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Teco Electric & Machinery Co Interest Expense Chart

Teco Electric & Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-8.72

-8.56

-7.34

-6.65

-10.32

Teco Electric & Machinery Co 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															-1.98	-2.51	-2.52	-3.31	-2.84

Teco Electric & Machinery 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-11 Mil.

Teco Electric & Machinery Co (LSE:TECD) 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.

Teco Electric & Machinery Co's Interest Expense for the three months ended in Mar. 2024 was $-3 Mil. Its Operating Income for the three months ended in Mar. 2024 was $51 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $422 Mil.

Teco Electric & Machinery Co'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	*	51.468	/	-2.84
	=	18.12

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

Teco Electric & Machinery Co (LSE:TECD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Teco Electric & Machinery Co Ltd (LSE:TECD) » Definitions » Interest Expense

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1504:Taiwan

Address

No. 19-9, San Chong Road, Nan-Kang, 5th Floor, Taipei, TWN, 11501

Website

https://www.teco.com.tw

Teco Electric & Machinery Co Ltd is a Taiwan-based company that manufactures and sells various types of mechanical equipment, air-conditioning units and electronic equipment products. The company's Heavy industrial products, the largest product line by revenue contribution, are used in fluid machinery, elevators, cranes, petrochemical machinery, rolling mills, pumps, and various other machinery. The company's home appliance offerings comprise air conditioners, refrigerators, washing machines, televisions, air purifiers, and others. The company also provides automation products such as converters, servo controllers, and circuit breakers. The company generates the majority of its sales from Taiwan.