easyJet (LSE:EZJ) Interest Expense : £-143 Mil (TTM As of Mar. 2024)

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What is easyJet Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. easyJet's interest expense for the six months ended in Mar. 2024 was £ -63 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was £-143 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. easyJet's Operating Income for the six months ended in Mar. 2024 was £ -340 Mil. easyJet's Interest Expense for the six months ended in Mar. 2024 was £ -63 Mil. easyJet 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.

easyJet Interest Expense Historical Data

The historical data trend for easyJet'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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easyJet Interest Expense Chart

easyJet Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-60.00

-75.00

-118.00

-143.00

-179.00

easyJet Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial															-66.00	-77.00	-99.00	-80.00	-63.00

easyJet 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 semi-annually data reported by the company within the most recent 12 months, which was £-143 Mil.

easyJet (LSE:EZJ) 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.

easyJet's Interest Expense for the six months ended in Mar. 2024 was £-63 Mil. Its Operating Income for the six months ended in Mar. 2024 was £-340 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was £2,962 Mil.

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

easyJet did not have earnings to cover the interest expense.

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

easyJet (LSE:EZJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » easyJet PLC (LSE:EZJ) » Definitions » Interest Expense

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ESYJY:USA EJTTF:USA EZJl:UK EJT1:Germany

Address

Hangar 89, London Luton Airport, Luton, Bedfordshire, GBR, LU2 9PF

Website

https://www.easyjet.com

easyJet PLC is a European low-cost carrier with a focus on Western European markets. The company employs a low-cost no-frills model to offer low fares to customers on short-haul routes. Its operating segment includes Airline that operates easyJet's route network and Holidays that sells holiday packages. It generates maximum revenue from the Airline segment. Geographically, it derives a majority of its revenue from the United Kingdom.