Allegiant Travel Co (Allegiant Travel Co) Interest Expense : $-108 Mil (TTM As of Dec. 2023)

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What is Allegiant Travel Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Allegiant Travel Co's interest expense for the three months ended in Dec. 2023 was $ -24 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-108 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. Allegiant Travel Co's Operating Income for the three months ended in Dec. 2023 was $ 19 Mil. Allegiant Travel Co's Interest Expense for the three months ended in Dec. 2023 was $ -24 Mil. Allegiant Travel Co's Interest Coverage for the quarter that ended in Dec. 2023 was 0.80. 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.

Allegiant Travel Co Interest Expense Historical Data

The historical data trend for Allegiant Travel Co'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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Allegiant Travel Co Interest Expense Chart

Allegiant Travel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-76.80

-57.65

-68.47

-103.07

-108.05

Allegiant Travel Co 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															-32.14	-30.53	-28.88	-24.35	-24.30

Allegiant Travel Co 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 $-108 Mil.

Allegiant Travel Co (NAS:ALGT) 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.

Allegiant Travel Co's Interest Expense for the three months ended in Dec. 2023 was $-24 Mil. Its Operating Income for the three months ended in Dec. 2023 was $19 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,902 Mil.

Allegiant Travel Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	19.429	/	-24.296
	=	0.80

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

Allegiant Travel Co (Allegiant Travel Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Allegiant Travel Co (NAS:ALGT) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

1201 North Town Center Drive, Las Vegas, NV, USA, 89144

Website

https://www.allegiant.com

Allegiant Travel Co provides travel services in the United States. It sells air transportation on a stand-alone basis or bundled with air-related and third-party services and products. Customers may also purchase fixed-fee flying arrangements to receive charter service on a year-round and ad hoc basis. Additionally, customers may purchase hotel rooms, ground transportation, and other attractions (for example, entertainment show tickets) to accommodate a trip. The company's operating segment includes Airline, Sunseeker Resort, and other non-airline. Customers purchase travel tickets at airport ticket counters, online, or through its telephone reservation center.

Executives

Scott Wayne Deangelo	officer: EVP, Marketing	1201 N TOWN CENTER DRIVE, LAS VEGAS NV 89144
Keny Frank Wilper	officer: Interim COO	1201 N TOWN CENTER DR, LAS VEGAS NV 89144
Gary Ellmer	director	448 LANG ROAD, PORTSMOUTH NH 03801
Gregory Clark Anderson	officer: Chief Accounting Officer	1201 NORTH TOWN CENTER DRIVE, LAS VEGAS NV 89144
Wilson Robert Paul Iii	officer: EVP and CIO	1201 N TOWN CENTER DR, LAS VEGAS NV 89144
Drew Allen Wells	officer: SVP, Chief Revenue Officer	1201 N. TOWN CENTER DRIVE, LAS VEGAS NV 89144
Scott Sheldon	officer: Principal Accounting Officer	1201 NORTH TOWN CENTER DRIVE, LAS VEGAS NV 89144
Robert James Neal	officer: CFO	1201 N TOWN CENTER DR, LAS VEGAS NV 89144
Gallagher Maurice J Jr	director, 10 percent owner, officer: CEO and President	1201 NORTH TOWN CENTER DRIVE, LAS VEGAS NV 89144
Rebecca Aretos	officer: Principal Accounting Officer	1201 N. TOWN CENTER DRIVE., LAS VEGAS NV 89144
Sandra Douglass Morgan	director	601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
John Redmond	director	1201 N. TOWN CENTER DRIVE, LAS VEGAS NV 89144
Linda A Marvin	officer: CFO and Managing Director	9057 WATERFIELD COURT, LAS VEGAS NV 89134
Charles W. Pollard	director	50 CRESCENT AVENUE, SECOND CLIFF, SCITUATE MA 02066
Jude Bricker	officer: SVP - Planning	1201 NORTH TOWN CENTER DRIVE, LAS VEGAS NV 89144