Tallinnadam AS (OTSE:TSM1T) Interest Expense : €-8.5 Mil (TTM As of Sep. 2024)

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What is Tallinnadam AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tallinnadam AS's interest expense for the three months ended in Sep. 2024 was € -2.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was €-8.5 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. Tallinnadam AS's Operating Income for the three months ended in Sep. 2024 was € 7.1 Mil. Tallinnadam AS's Interest Expense for the three months ended in Sep. 2024 was € -2.2 Mil. Tallinnadam AS's Interest Coverage for the quarter that ended in Sep. 2024 was 3.28. 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.

Tallinnadam AS Interest Expense Historical Data

The historical data trend for Tallinnadam AS'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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Tallinnadam AS Interest Expense Chart

Tallinnadam AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.73

-1.68

-1.37

-1.98

-7.40

Tallinnadam AS 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															-2.07	-2.09	-2.09	-2.15	-2.16

Tallinnadam AS 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 €-8.5 Mil.

Tallinnadam AS (OTSE:TSM1T) 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.

Tallinnadam AS's Interest Expense for the three months ended in Sep. 2024 was €-2.2 Mil. Its Operating Income for the three months ended in Sep. 2024 was €7.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was €171.2 Mil.

Tallinnadam AS'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	*	7.084	/	-2.158
	=	3.28

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

Tallinnadam AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Tallinna Sadam AS (OTSE:TSM1T) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Sadama 25, Tallinn, EST, 15051

Website

https://www.ts.ee

Tallinna Sadam AS is a company whose core business lines are rendering port services in the capacity of a landlord port, organising passenger ferry service between Estonia's mainland and islands and operating the multifunctional icebreaker Botnica. The reportable segments of the company are Passenger harbours, Cargo harbours, Ferry and Others and the majority of its revenue is derived from the Cargo harbour segment.

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