TI Fluid Systems (LSE:TIFS) Interest Expense : £-70 Mil (TTM As of Dec. 2023)

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What is TI Fluid Systems Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. TI Fluid Systems's interest expense for the six months ended in Dec. 2023 was £ -35 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was £-70 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. TI Fluid Systems's Operating Income for the six months ended in Dec. 2023 was £ 82 Mil. TI Fluid Systems's Interest Expense for the six months ended in Dec. 2023 was £ -35 Mil. TI Fluid Systems's Interest Coverage for the quarter that ended in Dec. 2023 was 2.30. 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.

TI Fluid Systems Interest Expense Historical Data

The historical data trend for TI Fluid Systems'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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TI Fluid Systems Interest Expense Chart

TI Fluid Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-54.77

-56.48

-53.62

-55.84

-70.30

TI Fluid Systems Semi-Annual Data
	Dec14	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial											-25.32	-25.49	-30.01	-34.75	-35.41

TI Fluid Systems 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-70 Mil.

TI Fluid Systems (LSE:TIFS) 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.

TI Fluid Systems's Interest Expense for the six months ended in Dec. 2023 was £-35 Mil. Its Operating Income for the six months ended in Dec. 2023 was £82 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was £963 Mil.

TI Fluid Systems's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	81.585	/	-35.408
	=	2.30

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

TI Fluid Systems (LSE:TIFS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » TI Fluid Systems PLC (LSE:TIFS) » Definitions » Interest Expense

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Address

4650 Kingsgate, Cascade Way, Oxford Business Park South, Oxford, Oxfordshire, GBR, OX4 2SU

Website

https://www.tifluidsystems.com

TI Fluid Systems PLC is engaged in providing automotive fluid storage, carrying, and delivery systems for the light-duty automotive market. The operating segments of the company are fluid-carrying systems and fuel tank & delivery systems. The fluid-carrying systems include brake and fuel lines and bundles, tank top lines, vacuum booster lines, quick connectors, air conditioning tubes, and hose assemblies, accumulators and receiver dryers, and thermal products and powertrain components. The fuel tank and delivery systems include fuel tanks, fuel pumps, level sensors, and additive dosing systems. Its geographical segments are Europe & Africa, Asia Pacific, North America, and Latin America.

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