TriMas (TriMas) Interest Expense : $-15.9 Mil (TTM As of Dec. 2023)

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What is TriMas Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. TriMas's interest expense for the three months ended in Dec. 2023 was $ -4.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-15.9 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. TriMas's Operating Income for the three months ended in Dec. 2023 was $ 13.0 Mil. TriMas's Interest Expense for the three months ended in Dec. 2023 was $ -4.3 Mil. TriMas's Interest Coverage for the quarter that ended in Dec. 2023 was 3.02. 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.

TriMas Interest Expense Historical Data

The historical data trend for TriMas'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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TriMas Interest Expense Chart

TriMas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-13.95

-14.66

-14.51

-14.11

-15.92

TriMas 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															-3.60	-3.70	-3.97	-3.95	-4.30

TriMas 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 $-15.9 Mil.

TriMas (NAS:TRS) 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.

TriMas's Interest Expense for the three months ended in Dec. 2023 was $-4.3 Mil. Its Operating Income for the three months ended in Dec. 2023 was $13.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $435.4 Mil.

TriMas's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	13	/	-4.3
	=	3.02

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

TriMas (TriMas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » TriMas Corp (NAS:TRS) » Definitions » Interest Expense

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Traded in Other Exchanges

MQ1:Germany

Address

38505 Woodward Avenue, Suite 200, Bloomfield Hills, MI, USA, 48304

Website

https://www.trimascorp.com

TriMas Corp is a United States-based company that designs, manufactures, and distributes engineered and applied products. The company operates through three segments. The packaging segment manufactures and distributes closure and dispensing systems. The aerospace segment supplies blind bolts, fasteners, rivets, and other products for the aerospace industry. The specialty product segment manufactures and distributes steel cylinders, wellhead engines, compression systems, industrial sealing, and fasteners.

Executives

Teresa M. Finley	director	927 STOVALL BOULEVARD NE, ATLANTA GA 30319
Daniel P Tredwell	director	177 BROAD STREET, 10TH FLOOR, STAMFORD CT 06901
Scott A Mell	officer: Chief Financial Officer	4884 CIDER HILL DRIVE, ROCHESTER MI 48306
Jodi F. Robin	officer: General Counsel and Secretary	38505 WOODWARD AVENUE, BLOOMFIELD HILLS MI 48304
Paul Swart	other: Chief Accounting Officer	38505 WOODWARD AVENUE, STE. 200, BLOOMFIELD HILLS MI 48304
Jeffrey A Fielkow	director	38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304
Samuel Iii Valenti	director, officer: Chairman	39400 WOODWARD AVENUE, SUITE 100, BLOOMFIELD HILLS MI 48304
Thomas A Amato	director, officer: President and CEO	38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304
Salik Fabio Leandro Matheus	officer: President, TriMas Packaging	3012 FOREST CREEK CT., NAPERVILLE IL 60565
John Philip Schaefer	officer: President, TriMas Aerospace	27411 VALDERAS, MISSION VIEJO CA 92691
Jeffrey M Greene	director	4990 OLDE TOWNE WAY, MARIETTA GA 30068
Robert J Zalupski	officer: Vice President & Treasurer	38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304
Joshua A Sherbin	officer: Vice President & Secretary	38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304
Herbert K Parker	director	38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304
Holly M Boehne	director	6955 BLACK DUCK DRIVE, LINO LAKES MN 55014