Air T (AIRT) Interest Expense : $-7.1 Mil (TTM As of Dec. 2023)

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What is Air T Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Air T's interest expense for the three months ended in Dec. 2023 was $ -1.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-7.1 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 T's Operating Income for the three months ended in Dec. 2023 was $ -1.3 Mil. Air T's Interest Expense for the three months ended in Dec. 2023 was $ -1.5 Mil. Air T 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 T Interest Expense Historical Data

The historical data trend for Air T'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 T Interest Expense Chart

Air T Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-3.29

-4.46

-4.35

-4.81

-7.93

Air T Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-2.20	-1.91	-1.81	-1.85	-1.53

Air T 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-7.1 Mil.

Air T (NAS:AIRT) 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.

Air T's Interest Expense for the three months ended in Dec. 2023 was $-1.5 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-1.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $94.4 Mil.

Air T's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Air T did not have earnings to cover the interest expense.

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

Air T (AIRT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Air T Inc (NAS:AIRT) » Definitions » Interest Expense

Comparable Companies

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AIRTP.PFD:USA GXT:Germany

Address

11020 David Taylor Drive, Suite 305, Charlotte, NC, USA, 28262

Website

https://www.airt.net

Air T Inc together with its subsidiaries provides air freight service to the express delivery industry. The company's operating segments include Overnight air cargo, Ground equipment sales, and Ground support services, Commercial jet engines and parts, Corporate and Other. It generates maximum revenue from the Overnight air cargo segment.

Executives

Raymond E Cabillot	director, 10 percent owner	3033 EXCELSIOR BLVD., STE 560, MINNEAPOLIS MN 55416
Peter B. Mcclung	director	14101 SOUTHERN ROAD, GRANDVIEW MO 64030
Nicholas John Swenson	10 percent owner	5000 WEST 36TH STREET, SUITE 130, MINNEAPOLIS MN 55416
Gary S Kohler	director	5000 W 36TH STREET, SUITE 115, MINNEAPOLIS MN 55416
Seth G Barkett	director	495 WEST MT. GARFIELD ROAD, NORTON SHORES MI 49441
Brett Reynolds	officer: CFO	5000 W 36TH STREET, MINNEAPOLIS MN 55416
John A Reeves	director	570 BALLYMOTE COURT, MATTHEWS NC 28104
Travis Jacob Swenson	director	6016 EDEN PRAIRIE ROAD, MINNETONKA MN 55345
Air T Inc	10 percent owner	11020 DAVID TAYLOR DRIVE, SUITE 305, CHARLOTTE NC 28262
Koutsouvas Constantine	officer: General Counsel	AIR T, INC., 5000 WEST 36TH, SUITE 130, MINNEAPOLIS MN 55416
William R Foudray	director	19192 POPLAR CIRCLE, EDEN PRAIRIE MN 55347
Biglari Capital Corp.	10 percent owner	19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO TX 78259
Sardar Biglari,	10 percent owner	C/O BIGLARI HOLDINGS INC., 19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO TX 78259
Lion Fund Ii, L.p.	10 percent owner	19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO TX 78259
Andrew Stumpf	director	5444 CREEKMONTE DR., OAKLAND TWP MI 48306