Transurban Group (ASX:TCL) Interest Expense : A$-769 Mil (TTM As of Dec. 2023)

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What is Transurban Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Transurban Group's interest expense for the six months ended in Dec. 2023 was A$ -362 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-769 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. Transurban Group's Operating Income for the six months ended in Dec. 2023 was A$ 596 Mil. Transurban Group's Interest Expense for the six months ended in Dec. 2023 was A$ -362 Mil. Transurban Group's Interest Coverage for the quarter that ended in Dec. 2023 was 1.65. 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.

Transurban Group Interest Expense Historical Data

The historical data trend for Transurban Group'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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Transurban Group Interest Expense Chart

Transurban Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-983.00

-1,010.00

-933.00

-803.00

-861.00

Transurban Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-407.00	-396.00	-454.00	-407.00	-362.00

Transurban Group 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 semi-annually data reported by the company within the most recent 12 months, which was A$-769 Mil.

Transurban Group (ASX:TCL) 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.

Transurban Group's Interest Expense for the six months ended in Dec. 2023 was A$-362 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$596 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$16,828 Mil.

Transurban Group'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	*	596	/	-362
	=	1.65

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Transurban Group interest coverage is 1.43, which is low.

Transurban Group (ASX:TCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Transurban Group (ASX:TCL) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

TRAUF:USA TU9:Germany

Address

727 Collins Street, Level 31, Tower 5, Collins Square, Docklands, VIC, AUS, 3008

Website

https://www.transurban.com

Transurban Group is an owner/operator of toll roads in Melbourne, Sydney, and Brisbane. It also owns toll roads in Virginia, USA and Montreal, Canada. The weighted average concession life across the portfolio is about 28 years. Australian assets contribute around 90% of proportional revenue.

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