Textron (Textron) Interest Expense : $-77 Mil (TTM As of Mar. 2024)

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What is Textron Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Textron's interest expense for the three months ended in Mar. 2024 was $ -20 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-77 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. Textron's Operating Income for the three months ended in Mar. 2024 was $ 271 Mil. Textron's Interest Expense for the three months ended in Mar. 2024 was $ -20 Mil. Textron's Interest Coverage for the quarter that ended in Mar. 2024 was 13.55. 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.

Textron Interest Expense Historical Data

The historical data trend for Textron'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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Textron Interest Expense Chart

Textron Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-171.00

-166.00

-142.00

-107.00

-77.00

Textron 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															-20.00	-19.00	-19.00	-19.00	-20.00

Textron 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 $-77 Mil.

Textron (NYSE:TXT) 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.

Textron's Interest Expense for the three months ended in Mar. 2024 was $-20 Mil. Its Operating Income for the three months ended in Mar. 2024 was $271 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $3,160 Mil.

Textron'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	*	271	/	-20
	=	13.55

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

Textron (Textron) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Textron Inc (NYSE:TXT) » Definitions » Interest Expense

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Traded in Other Exchanges

TXT:Germany TXT:Germany

Address

40 Westminster Street, Providence, RI, USA, 02903

Website

https://www.textron.com

Textron is a conglomerate that mostly designs, manufactures, and services a range of specialty aircraft including small jets, propeller-driven airplanes, helicopters, and tilt-rotor aircraft. The firm's aviation segment manufactures and services Cessna and Beechcraft planes. Bell is a helicopter and tilt-rotor manufacturer and servicer for both commercial and military customers. Textron Systems produces uncrewed aircraft and armored vehicles for the military market as well as aircraft simulators and training for the commercial and military markets. Textron Industrial contains the Kautex business that manufactures plastic fuel tanks for conventional and hybrid motor vehicles and other subsidiaries that produce specialized vehicles such as golf carts, snowmobiles, and all-terrain vehicles.

Executives

R Kerry Clark	director	C/O THE PROCTER & GAMBLE COMPANY, ONE PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202
Michael X Garrett	director	6521 CHIPSTEAD LANE, CHARLOTTE NC 28277
Frank T Connor	officer: Executive VP and CFO	40 WESTMINSTER STREET, PROVIDENCE RI 02903
Scott C Donnelly	officer: Executive VP and COO
Thomas A Kennedy	director	870 WINTER STREET, WALTHAM MA 02451
Richard F Ambrose	director	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Mark S Bamford	officer: VP and Corporate Controller	40 WESTMINSTER STREET, PROVIDENCE RI 02903
E Robert Lupone	officer: EVP, General Counsel and Secy	40 WESTMINSTER STREET, PROVIDENCE RI 02903
Kathleen M Bader	director	2030 DOW CENTER, MIDLAND MI 49640
Nowell Lionel L Iii	director	401 NORTH MAIN STREET, WINSTON-SALEM NC 27101
Julie G Duffy	officer: Executive VP - Human Resources	40 WESTMINSTER STREET, PROVIDENCE RI 02903
Deborah L James	director	1710 SAIC DRIVE, MCLEAN VA 22102
Ralph D Heath	director	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Maria T Zuber	director	40 WESTMINSTER STREET, PROVIDENCE RI 02903
Cheryl H Johnson	officer: Executive VP, Human Resources	40 WESTMINSTER STREET, PROVIDENCE RI 02903