Tower (XPTY:TOWC) Interest Expense : $-28.60 Mil (TTM As of Dec. 2023)

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What is Tower Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tower's interest expense for the three months ended in Dec. 2023 was $ -7.88 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-28.60 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. Tower's Operating Income for the three months ended in Dec. 2023 was $ Mil. Tower's Interest Expense for the three months ended in Dec. 2023 was $ Mil. 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.

Tower Interest Expense Historical Data

The historical data trend for Tower'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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Tower Interest Expense Chart

Tower Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-28.91

-29.39

-24.80

-22.85

-28.60

Tower Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-5.91	-6.47	-6.90	-7.35	-7.88

Tower 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 quarterly data reported by the company within the most recent 12 months, which was $-28.60 Mil.

Tower (XPTY:TOWC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Tower Corp (XPTY:TOWC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Calle 50 and Elvira Mendez, Tower Building Financial Center, Panama, PAN

Website

https://www.towerbank.com

Tower Corp together with its subsidiaries is involved in providing personal, corporate, and investment banking services. The company offers checking, savings, and investment accounts; certificates of deposit; commercial and residential mortgage loans; lines of credit for small and medium businesses; and safe deposit boxes among other services.

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