TechnipFMC (TechnipFMC) Interest Expense : $-108 Mil (TTM As of Mar. 2024)

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What is TechnipFMC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. TechnipFMC's interest expense for the three months ended in Mar. 2024 was $ -13 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-108 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. TechnipFMC's Operating Income for the three months ended in Mar. 2024 was $ 159 Mil. TechnipFMC's Interest Expense for the three months ended in Mar. 2024 was $ -13 Mil. TechnipFMC's Interest Coverage for the quarter that ended in Mar. 2024 was 12.52. 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.

TechnipFMC Interest Expense Historical Data

The historical data trend for TechnipFMC'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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TechnipFMC Interest Expense Chart

TechnipFMC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-134.90

-134.10

-157.30

-138.70

-122.20

TechnipFMC 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															-27.00	-34.40	-30.70	-30.10	-12.70

TechnipFMC 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 $-108 Mil.

TechnipFMC (NYSE:FTI) 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.

TechnipFMC's Interest Expense for the three months ended in Mar. 2024 was $-13 Mil. Its Operating Income for the three months ended in Mar. 2024 was $159 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $887 Mil.

TechnipFMC'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	*	159	/	-12.7
	=	12.52

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

TechnipFMC (TechnipFMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TechnipFMC PLC (NYSE:FTI) » Definitions » Interest Expense

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Traded in Other Exchanges

1T1:Germany 1T1:Germany T1EC34:Brazil FTI:Austria

Address

13460 Lockwood Road, Houston, TX, USA, 77044

Website

https://www.technipfmc.com

TechnipFMC is the largest pure-play offshore service provider, offering integrated deep-water offshore oil and gas development solutions that span the full spectrum of subsea equipment and subsea engineering and construction services. The company also provides various surface equipment used with onshore oil and gas wells. TechnipFMC originated with the 2017 merger of predecessor companies Technip and FMC Technologies.

Executives

Cristina Aalders	officer: EVP, Chief Legal Officer & Sec	ONE SUBSEA LANE, HOUSTON TX 77044
De Carvalho Filho Eleazar	director	HADRIAN HOUSE, WINCOMBLEE ROAD, NEWCASTLE UPON TYNE X0 NE6 3PL
Robert G Gwin	director	1201 LAKE ROBBINS DR, THE WOODLANDS TX 77380
Jonathan Landes	officer: President Subsea	ONE SUBSEA LANE, HOUSTON TX 77044
Thierry Conti	officer: President, Surface	ONE SUBSEA LANE, HOUSTON TX 77044
Luana Duffe	officer: EVP, New Energy Ventures	ONE SUBSEA LANE, HOUSTON TX 77044
Nisha P. Rai	officer: EVP, People & Culture	ONE SUBSEA LANE, HOUSTON TX 77044
Rousset Sophie Zurquiyah	director	C/O TECHNIPFMC PLC, HADRIAN HOUSE, WINCOMBLEE ROAD, NEWCASTLE UPON TYNE X0 NE6 3PL
Alf Melin	officer: EVP & Chief Financial Officer	ONE SUBSEA LANE, HOUSTON TX 77044
Victoria Lazar	officer: EVP, General Counsel & Sec	ONE SUBSEA LANE, HOUSTON TX 77044
Margareth Oevrum	director	FMC CORPORATION, 2929 WALNUT STREET, PHILADELPHIA PA 19104
Oleary John C G	director	C/O TECHNIPFMC PLC, HADRIAN HOUSE, WINCOMBLEE ROAD, NEWCASTLE UPON TYNE X0 NE6 3PL
Olivier Piou	director	ONE ST. PAUL'S CHURCHYARD, LONDON X0 EC4M 8AP
Maryann T. Mannen	officer: EVP & Chief Financial Officer	C/O MARATHON PETROLEUM CORPORATION, 539 SOUTH MAIN ST, FINDLAY OH 45840
Catherine Macgregor	officer: President Onshore/Offshore	6 ALLEE DE LARCHE FAUBOURG DE LARCHE, ZAC DANTON, COURBEVOIE I0 92400