TMHC (Taylor Morrison Home) Interest Expense : $-4 Mil (TTM As of Jun. 2024)

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What is Taylor Morrison Home Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Taylor Morrison Home's interest expense for the three months ended in Jun. 2024 was $ -4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was $-4 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. Taylor Morrison Home's Operating Income for the three months ended in Jun. 2024 was $ 276 Mil. Taylor Morrison Home's Interest Expense for the three months ended in Jun. 2024 was $ -4 Mil. Taylor Morrison Home's Interest Coverage for the quarter that ended in Jun. 2024 was 67.42. 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.

Taylor Morrison Home Interest Expense Historical Data

The historical data trend for Taylor Morrison Home'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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Taylor Morrison Home Interest Expense Chart

Taylor Morrison Home Annual Data

Trend

Dec14

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Interest Expense

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-3.79

-17.67

Taylor Morrison Home Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-4.09

Taylor Morrison Home 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4 Mil.

Taylor Morrison Home (NYSE:TMHC) 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.

Taylor Morrison Home's Interest Expense for the three months ended in Jun. 2024 was $-4 Mil. Its Operating Income for the three months ended in Jun. 2024 was $276 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was $2,232 Mil.

Taylor Morrison Home's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	275.553	/	-4.087
	=	67.42

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

Taylor Morrison Home Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Taylor Morrison Home Corp (NYSE:TMHC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

4900 N. Scottsdale Road, Suite 2000, Scottsdale, AZ, USA, 85251

Website

https://www.taylormorrison.com

Taylor Morrison Home Corp is an American residential construction company engaged in residential homebuilding and the development of lifestyle communities. It designs, builds and sells single and multi-family detached and attached homes in traditionally high growth markets for entry level, move-up, and resort lifestyle buyers. The company has four reportable segments: East, Central, West and Financial Services. The majority of the company's revenue is derived from its East Segment.

Executives

William H Lyon	director	C/O TAYLOR MORRISON HOME CORP., 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Christopher J. Yip	director	301 COMMERCE STREET, FORT WORTH TX 76102
Sheryl Palmer	officer: President and CEO	4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Curtis Vanhyfte	officer: Interim CFO	4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Joseph Terracciano	officer: Chief Accounting Officer	4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Darrell Sherman	officer: EVP, CLO & Secretary	4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Louis Steffens	officer: EVP and CFO	4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
David C Merritt	director	CHARTER COMMUNICATIONS INC, 12405 POWERSCOURT DRIVE, ST LOUIS MO 63131
Denise Warren	director	209 REDWOOD SHORES PKWY, REDWOOD CITY CA 94065
C. David Cone	officer: Vice President and CFO	4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Gary H Hunt	director	C/O WILLIAM LYON HOMES, 4695 MACARTHUR COURT, 8TH FLOOR, NEWPORT BEACH CA 92660
Peter R. Lane	director	1500 SOLANA BOULEVARD, BUILDING 4, SUITE 4500, SOUTHLAKE TX 76092
Jeffry L. Flake	director	C/O 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Andi Owen	director	4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Tpg Group Holdings (sbs) Advisors, Inc.	10 percent owner	C/O TPG GLOBAL, LLC, 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102