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Air Astana JSC (LSE:AIRA) Interest Expense : $-25.8 Mil (TTM As of Mar. 2024)


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What is Air Astana JSC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Air Astana JSC's interest expense for the three months ended in Mar. 2024 was $ -1.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-25.8 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. Air Astana JSC's Operating Income for the three months ended in Mar. 2024 was $ -16.8 Mil. Air Astana JSC's Interest Expense for the three months ended in Mar. 2024 was $ -1.1 Mil. Air Astana JSC 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.

Air Astana JSC Interest Expense Historical Data

The historical data trend for Air Astana JSC'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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Air Astana JSC Interest Expense Chart

Air Astana JSC Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Interest Expense
-34.62 -47.17 -38.22 -49.30

Air Astana JSC Quarterly Data
Dec20 Dec21 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
Interest Expense Get a 7-Day Free Trial -9.07 -1.41 -13.18 -11.53 -1.10

Air Astana JSC 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 $-25.8 Mil.

* 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.

Air Astana JSC  (LSE:AIRA) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Air Astana JSC's Interest Expense for the three months ended in Mar. 2024 was $-1.1 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-16.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $539.9 Mil.

Air Astana JSC's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Air Astana JSC did not have earnings to cover the interest expense.

* 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.

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Air Astana JSC interest coverage is 2.28, which is low.

Air Astana JSC (LSE:AIRA) Business Description

Industry
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AIRA:Kazakhstan
Address
4A Zakarpatskaya Street, Turksib District, Almaty, KAZ, 010000
Website
https://www.airastana.com
Air Astana JSC is an airline company. It provides scheduled, point-to-point and transit, short-haul and long-haul air travel and cargo on domestic, intra-regional, and international routes across Central Asia, the Caucasus, Europe (including Turkey), the Middle East and Asia (including India and China) and has a fleet of 47 aircraft. The company group has two operating segments, Air Astana and FlyArystan. Air Astana's activities consist of mainly domestic and international passenger and cargo air transportation as a full-service brand. Fly Arystan activities consist of mainly domestic and international passenger and cargo air transportation as a low-cost brand. Maximum revenue is generated from the Air Astana segment.

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