TIIAY (Telecom Italia SpA) Interest Expense : $-1,895 Mil (TTM As of Sep. 2024)

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What is Telecom Italia SpA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Telecom Italia SpA's interest expense for the three months ended in Sep. 2024 was $ -390 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-1,895 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. Telecom Italia SpA's Operating Income for the three months ended in Sep. 2024 was $ 104 Mil. Telecom Italia SpA's Interest Expense for the three months ended in Sep. 2024 was $ -390 Mil. Telecom Italia SpA's Interest Coverage for the quarter that ended in Sep. 2024 was 0.27. 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.

Telecom Italia SpA Interest Expense Historical Data

The historical data trend for Telecom Italia SpA'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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Telecom Italia SpA Interest Expense Chart

Telecom Italia SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1,570.00

-1,508.52

-1,338.98

-1,399.36

-1,886.59

Telecom Italia SpA 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															-662.75	116.69	-870.65	-751.35	-389.57

Telecom Italia SpA 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 $-1,895 Mil.

Telecom Italia SpA (OTCPK:TIIAY) 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.

Telecom Italia SpA's Interest Expense for the three months ended in Sep. 2024 was $-390 Mil. Its Operating Income for the three months ended in Sep. 2024 was $104 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $13,241 Mil.

Telecom Italia SpA'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	*	104.329	/	-389.567
	=	0.27

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Telecom Italia SpA interest coverage is 1.08, which is low.

Telecom Italia SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Telecom Italia SpA (OTCPK:TIIAY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

TIAOF:USA TIAIY:USA TITR:Italy TIT:Italy TITm:UK 0H6I:UK 0GA3:UK TQIR:Germany TITR:Austria TIT:Austria

Address

Corso D\'Italia, 41, Roma, ITA, 00198

Website

https://www.telecomitalia.com

Telecom Italia is the incumbent telecommunications operator in Italy with more than 30% share in the Italian mobile market and 40% share in broadband. In the mobile market, it competes with Vodafone, Wind Tre, and Iliad. After the sale of its fixed network to KKR for EUR 18.8 billion, TIM will become a pure service provider. TIM also has a 20% wireless market share in Brazil and has started building a broadband network in the country, although its reach is very small compared with competitors Telefonica and America Movil.