Corporacion America Airports (Corporacion America Airports) Interest Expense : $-105 Mil (TTM As of Mar. 2024)

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What is Corporacion America Airports Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Corporacion America Airports's interest expense for the three months ended in Mar. 2024 was $ -27 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-105 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. Corporacion America Airports's Operating Income for the three months ended in Mar. 2024 was $ 126 Mil. Corporacion America Airports's Interest Expense for the three months ended in Mar. 2024 was $ -27 Mil. Corporacion America Airports's Interest Coverage for the quarter that ended in Mar. 2024 was 4.65. 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.

Corporacion America Airports Interest Expense Historical Data

The historical data trend for Corporacion America Airports'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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Corporacion America Airports Interest Expense Chart

Corporacion America Airports Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-92.69

-99.02

-125.53

-164.29

-95.19

Corporacion America Airports 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															-28.71	-38.43	-24.50	-14.79	-27.10

Corporacion America Airports 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 $-105 Mil.

Corporacion America Airports (NYSE:CAAP) 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.

Corporacion America Airports's Interest Expense for the three months ended in Mar. 2024 was $-27 Mil. Its Operating Income for the three months ended in Mar. 2024 was $126 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1,072 Mil.

Corporacion America Airports'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	*	126.071	/	-27.099
	=	4.65

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

Corporacion America Airports (Corporacion America Airports) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Corporacion America Airports SA (NYSE:CAAP) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

128, Boulevard de la Petrusse, Grand Duchy of Luxembourg, Luxembourg, LUX, L-2330

Website

https://www.caap.aero

Corporacion America Airports SA acquires, develops and operates airport concessions. Its operating segments are geographically divided into Argentina, Italy, Brazil, Uruguay, Ecuador and Armenia. The company generates a majority of its revenue from the Argentina segment. The firm's revenue is categorized into Aeronautical Revenue, Non-Aeronautical Revenue, Commercial Revenue, Construction Service Revenue, and Other Revenue.