Trinidad Cement (TRN:TCL) Interest Expense : TTD-42 Mil (TTM As of Mar. 2024)

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What is Trinidad Cement Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Trinidad Cement's interest expense for the three months ended in Mar. 2024 was TTD -14 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was TTD-42 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. Trinidad Cement's Operating Income for the three months ended in Mar. 2024 was TTD 133 Mil. Trinidad Cement's Interest Expense for the three months ended in Mar. 2024 was TTD -14 Mil. Trinidad Cement's Interest Coverage for the quarter that ended in Mar. 2024 was 9.39. 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.

Trinidad Cement Interest Expense Historical Data

The historical data trend for Trinidad Cement'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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Trinidad Cement Interest Expense Chart

Trinidad Cement Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-75.32

-68.64

-59.51

-33.92

-45.38

Trinidad Cement 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															-17.92	-11.42	-10.74	-5.29	-14.20

Trinidad Cement 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 TTD-42 Mil.

Trinidad Cement (TRN:TCL) 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.

Trinidad Cement's Interest Expense for the three months ended in Mar. 2024 was TTD-14 Mil. Its Operating Income for the three months ended in Mar. 2024 was TTD133 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was TTD235 Mil.

Trinidad Cement'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	*	133.397	/	-14.203
	=	9.39

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

Trinidad Cement (TRN:TCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Trinidad Cement Ltd (TRN:TCL) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

Southern Main Road, Claxton Bay, Trinidad, TTO

Website

https://www.tclgroup.com

Trinidad Cement Ltd is engaged in the manufacture and sale of cement, concrete, and aggregates. The company's operations are organized into three operating segments, Cement, Concrete, and Packaging. The firm offers Portland-pozzolan cement, ordinary Portland cement, and Class G high sulfate-resistant oilwell cement. The company has operations in Trinidad and Tobago, Jamaica, Barbados, and other countries. Geographically the company receives maximum revenue from Jamaica.

Trinidad Cement (TRN:TCL) Headlines

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