Titomic (ASX:TTT) Interest Expense : A$-0.58 Mil (TTM As of Dec. 2023)

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What is Titomic Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Titomic's interest expense for the six months ended in Dec. 2023 was A$ -0.19 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-0.58 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. Titomic's Operating Income for the six months ended in Dec. 2023 was A$ -7.54 Mil. Titomic's Interest Expense for the six months ended in Dec. 2023 was A$ -0.19 Mil. Titomic did not have earnings to cover the interest expense. 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.

Titomic Interest Expense Historical Data

The historical data trend for Titomic'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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Titomic Interest Expense Chart

Titomic Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-0.13

-0.14

-0.05

-0.39

Titomic Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial								-0.02	-0.04	-	-0.38	-0.19

Titomic 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$-0.58 Mil.

Titomic (ASX:TTT) 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.

Titomic's Interest Expense for the six months ended in Dec. 2023 was A$-0.19 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-7.54 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$0.00 Mil.

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

Titomic did not have earnings to cover the interest expense.

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

Titomic (ASX:TTT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Titomic Ltd (ASX:TTT) » Definitions » Interest Expense

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T04:Germany

Address

365 Ferntree Gully Road, Ground Floor, Mount Waverley, VIC, AUS, 3149

Website

https://www.titomic.com

Titomic Ltd specializes in leveraging advanced materials and a new additive manufacturing technology. The company operates in three geographical segments; located in Australia, the USA, and the Netherlands. The company specializes in manufacturing and technology solutions for high-performance metal additive manufacturing, metal coatings, and repairs using its unique patented Titomic Kinetic Fusion cold spray technology with its principal activities in the global defense, aerospace, mining, energy, and transport industries.

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