GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Jet2 PLC (OTCPK:DRTGF) » Definitions » Interest Expense

Jet2 (DRTGF) Interest Expense : $-89 Mil (TTM As of Mar. 2024)


View and export this data going back to 2008. Start your Free Trial

What is Jet2 Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jet2's interest expense for the six months ended in Mar. 2024 was $ -48 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-89 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. Jet2's Operating Income for the six months ended in Mar. 2024 was $ -240 Mil. Jet2's Interest Expense for the six months ended in Mar. 2024 was $ -48 Mil. Jet2 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.


Jet2 Interest Expense Historical Data

The historical data trend for Jet2'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.

* Premium members only.

Jet2 Interest Expense Chart

Jet2 Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -54.46 -56.17 -77.08 -78.28 -90.09

Jet2 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -41.50 -36.92 -38.71 -41.09 -47.90

Jet2 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 $-89 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.


Jet2  (OTCPK:DRTGF) 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.

Jet2's Interest Expense for the six months ended in Mar. 2024 was $-48 Mil. Its Operating Income for the six months ended in Mar. 2024 was $-240 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was $1,626 Mil.

Jet2's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Jet2 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.


Jet2 Business Description

Traded in Other Exchanges
Address
Low Fare Finder House, Leeds Bradford Airport, Leeds, GBR, LS19 7TU
Jet2 PLC provides licensed packages for leisure flights and stays at a multitude of vacation destinations. The company reports in one operating segment: leisure travel. The leisure travel segment delivers scheduled flights by its airline, Jet2.com, to the Mediterranean, Canary Islands, and other European vacation destinations. It utilizes licensed package holidays by its tour operator, Jet2holidays, to offer hotel accommodations and other useful amenities. It earns revenue through Package holidays and operates mainly in United Kingdom.

Jet2 Headlines