TAT Technologies (XTAE:TATT) Interest Expense : ₪-6.1 Mil (TTM As of Jun. 2024)

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What is TAT Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. TAT Technologies's interest expense for the three months ended in Jun. 2024 was ₪ -1.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was ₪-6.1 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. TAT Technologies's Operating Income for the three months ended in Jun. 2024 was ₪ 10.2 Mil. TAT Technologies's Interest Expense for the three months ended in Jun. 2024 was ₪ -1.5 Mil. TAT Technologies's Interest Coverage for the quarter that ended in Jun. 2024 was 6.62. 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.

TAT Technologies Interest Expense Historical Data

The historical data trend for TAT Technologies'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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TAT Technologies Interest Expense Chart

TAT Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-4.75

-0.36

-0.94

-3.38

-6.30

TAT Technologies 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															-1.65	-1.53	-1.76	-1.28	-1.55

TAT Technologies 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 ₪-6.1 Mil.

TAT Technologies (XTAE:TATT) 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.

TAT Technologies's Interest Expense for the three months ended in Jun. 2024 was ₪-1.5 Mil. Its Operating Income for the three months ended in Jun. 2024 was ₪10.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was ₪50.4 Mil.

TAT Technologies'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	*	10.233	/	-1.546
	=	6.62

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

TAT Technologies Business Description

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TATT:USA

Address

Hamelacha 5, Netanya, ISR, 4250540

Website

https://www.tat-technologies.com

TAT Technologies Ltd is a provider of solutions and services to the aerospace and defence industries focused mainly on the four segments: Original equipment manufacturing (OEM); MRO services for heat transfer; MRO services for aviation components; Overhaul and coating of jet engine components. The company design, develop and manufacture Heat Exchangers, Cooling Systems, Cold Plates, Vapor-Cycle Air Conditioning Systems (for both land and airborne applications) and flow accessories.