Fluor (LTS:0IQC) Interest Expense : $-51 Mil (TTM As of Jun. 2024)

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What is Fluor Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Fluor's interest expense for the three months ended in Jun. 2024 was $ -11 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was $-51 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. Fluor's Operating Income for the three months ended in Jun. 2024 was $ 128 Mil. Fluor's Interest Expense for the three months ended in Jun. 2024 was $ -11 Mil. Fluor's Interest Coverage for the quarter that ended in Jun. 2024 was 11.64. 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.

Fluor Interest Expense Historical Data

The historical data trend for Fluor'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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Fluor Interest Expense Chart

Fluor Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-64.89

-65.37

-90.00

-59.00

-60.00

Fluor Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Interest Expense	Get a 7-Day Free Trial															-16.00	-14.00	-13.00	-13.00	-11.00

Fluor 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-51 Mil.

Fluor (LTS:0IQC) 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.

Fluor's Interest Expense for the three months ended in Jun. 2024 was $-11 Mil. Its Operating Income for the three months ended in Jun. 2024 was $128 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was $1,136 Mil.

Fluor's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	128	/	-11
	=	11.64

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

Fluor Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Fluor Corp (LTS:0IQC) » Definitions » Interest Expense

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Traded in Other Exchanges

FLR:USA FLR:Mexico FLU:Germany FLU:Germany

Address

6700 Las Colinas Boulevard, Irving, TX, USA, 75039

Website

https://www.fluor.com

Fluor is one of the largest global providers of engineering, procurement, construction, fabrication, operations, and maintenance services. The firm serves a wide range of end markets including oil and gas, chemicals, mining, metals, and transportation. The company's business is organized into three core segments: urban solutions, mission solutions, and energy solutions. Fluor generated $15.5 billion in revenue in 2023.

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