Garrett Motion (Garrett Motion) Interest Expense : $-166 Mil (TTM As of Mar. 2024)

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What is Garrett Motion Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Garrett Motion's interest expense for the three months ended in Mar. 2024 was $ -31 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-166 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. Garrett Motion's Operating Income for the three months ended in Mar. 2024 was $ 108 Mil. Garrett Motion's Interest Expense for the three months ended in Mar. 2024 was $ -31 Mil. Garrett Motion's Interest Coverage for the quarter that ended in Mar. 2024 was 3.48. 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.

Garrett Motion Interest Expense Historical Data

The historical data trend for Garrett Motion'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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Garrett Motion Interest Expense Chart

Garrett Motion Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-69.00

-80.00

-84.00

-10.00

-163.00

Garrett Motion 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	-30.00	-50.00	-55.00	-31.00

Garrett Motion 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 $-166 Mil.

Garrett Motion (NAS:GTX) 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.

Garrett Motion's Interest Expense for the three months ended in Mar. 2024 was $-31 Mil. Its Operating Income for the three months ended in Mar. 2024 was $108 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1,668 Mil.

Garrett Motion'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	*	108	/	-31
	=	3.48

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

Garrett Motion (Garrett Motion) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Garrett Motion Inc (NAS:GTX) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

G02:Germany

Address

La Piece 16, Rolle, CHE, 1180

Website

https://www.garrettmotion.com

Garrett Motion Inc designs, manufactures and sells engineered turbocharger and electric-boosting technologies for light and commercial vehicle original equipment manufacturers (OEMs) and the vehicle independent aftermarket, as well as automotive software solutions. The company is a technology leader with expertise in delivering products across gasoline, diesel, natural gas and electrified powertrains. The company also sells its technologies in the aftermarket through its distribution network.

Executives

Centerbridge Special Credit Partners Iii-flex, L.p.	10 percent owner	375 PARK AVENUE, 12TH AVENUE, NEW YORK NY 10152
Cyrus Capital Partners, L.p.	10 percent owner	65 EAST 55 STREET, 35TH FLOOR, NEW YORK NY 10022
Pierre Barthelet	officer: SVP, Marketing & Prod Mgmt	C/O GARRETT MOTION INC., LA PIECE 16, ROLLE V8 1180
Baupost Group Llc/ma	10 percent owner	10 ST JAMES AVE, SUITE 1700, BOSTON MA 02116
Cscp Iii Cayman Gp Ltd.	10 percent owner	375 PARK AVENUE, 11TH FLOOR, NEW YORK NY 10152
Baupost Group Gp, L.l.c.	10 percent owner	10 ST. JAMES AVENUE, SUITE 1700, BOSTON MA 02116
Seth A Klarman	10 percent owner	10 ST JAMES AVENUE, STE 1700, BOSTON MA 02116
Centerbridge Credit Gp Investors, L.l.c.	10 percent owner	375 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10152
Centerbridge Special Credit Partners General Partner Iii, L.p.	10 percent owner	375 PARK AVENUE, 11TH FLOOR, NEW YORK NY 10152
Ccp Iii Cayman Gp Ltd.	10 percent owner	C/O CENTERBRIDGE PARTNERS, L.P., 375 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10152
Centerbridge Credit Cayman Gp, Ltd.	10 percent owner	C/O CENTERBRIDGE PARTNERS, L.P., 375 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10152
Centerbridge Credit Partners Master, L.p.	10 percent owner	375 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10152
Centerbridge Credit Partners Offshore General Partner, L.p.	10 percent owner	375 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10152
Jeffrey Aronson	10 percent owner	375 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10152
Kevin Mahony	director	375 PARK AVENUE, NEW YORK NY 10152