Garrett Motion (Garrett Motion) Interest Expense : $-166.00 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 $ -31.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-166.00 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 $ 108.00 Mil. Garrett Motion's Interest Expense for the three months ended in Mar. 2024 was $ -31.00 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 $-166.00 Mil.

Garrett Motion (NAS:GTXAP.PFD) 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 $-31.00 Mil. Its Operating Income for the three months ended in Mar. 2024 was $108.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1,668.00 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:GTXAP.PFD) » Definitions » Interest Expense

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Traded in Other Exchanges

GTX:USA 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.