Fly Leasing (Fly Leasing) Interest Expense : $-98.2 Mil (TTM As of Mar. 2021)

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What is Fly Leasing Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Fly Leasing's interest expense for the three months ended in Mar. 2021 was $ -22.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2021 was $-98.2 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. Fly Leasing's Operating Income for the three months ended in Mar. 2021 was $ 35.4 Mil. Fly Leasing's Interest Expense for the three months ended in Mar. 2021 was $ -22.1 Mil. Fly Leasing's Interest Coverage for the quarter that ended in Mar. 2021 was 1.60. 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.

Fly Leasing Interest Expense Historical Data

The historical data trend for Fly Leasing'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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Fly Leasing Interest Expense Chart

Fly Leasing Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Interest Expense

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-123.16

-127.78

-144.74

-137.13

-103.29

Fly Leasing Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Interest Expense	Get a 7-Day Free Trial															-27.16	-25.28	-24.38	-26.47	-22.07

Fly Leasing 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. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-98.2 Mil.

Fly Leasing (NYSE:FLY) 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.

Fly Leasing's Interest Expense for the three months ended in Mar. 2021 was $-22.1 Mil. Its Operating Income for the three months ended in Mar. 2021 was $35.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2021 was $1,901.1 Mil.

Fly Leasing's Interest Coverage for the quarter that ended in Mar. 2021 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2021 )	/	Interest Expense (Q: Mar. 2021 )
	=	-1	*	35.402	/	-22.066
	=	1.60

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

Fly Leasing (Fly Leasing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Fly Leasing Ltd (NYSE:FLY) » Definitions » Interest Expense

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Address

West Pier Business Campus, Dun Laoghaire, County Dublin, IRL, A96 N6T7

Website

http://www.flyleasing.com

Fly Leasing Ltd is principally involved in the commercial aircraft business. In addition, to arranging for the leasing of the fleet the group is also involved acquiring and disposing of aircraft, marketeering aircraft for lease and release, collecting rents and other payments from the lessees of aircraft, monitoring maintenance, insurance and other obligations under leases, and enforcing Fly Leasing's rights against lessees.