Fraport AG (Fraport AG) Interest Expense : $-343 Mil (TTM As of Dec. 2023)

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What is Fraport AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Fraport AG's interest expense for the three months ended in Dec. 2023 was $ -93 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-343 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. Fraport AG's Operating Income for the three months ended in Dec. 2023 was $ 87 Mil. Fraport AG's Interest Expense for the three months ended in Dec. 2023 was $ -93 Mil. Fraport AG's Interest Coverage for the quarter that ended in Dec. 2023 was 0.93. 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.

Fraport AG Interest Expense Historical Data

The historical data trend for Fraport AG'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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Fraport AG Interest Expense Chart

Fraport AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-218.89

-235.04

-303.62

-332.10

-346.67

Fraport AG 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															-67.16	-83.62	-88.19	-78.02	-93.02

Fraport AG 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 $-343 Mil.

Fraport AG (OTCPK:FPRUY) 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.

Fraport AG's Interest Expense for the three months ended in Dec. 2023 was $-93 Mil. Its Operating Income for the three months ended in Dec. 2023 was $87 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $145 Mil.

Fraport AG'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	*	86.587	/	-93.021
	=	0.93

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

Fraport AG (Fraport AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Fraport AG (OTCPK:FPRUY) » Definitions » Interest Expense

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Traded in Other Exchanges

FPRUF:USA 1FRA:Italy FRAd:UK 0O1R:UK FRA:Germany FRA:Austria

Address

Frankfurt Airport Services Worldwide, Frankfurt am Main, HE, DEU, 60547

Website

https://www.fraport.com

Fraport AG is a German airport operator. The company derives the majority of income domestically, principally through the operation of the Frankfurt airport. Fraport is organized into four segments: aviation, retail and real estate, ground handling, and International activities and services. Aviation, the largest contributor to revenue, includes terminal management, corporate safety, and airport security management. The retail and real estate segment involves retailing, parking lot operations, and renting areas at its airport sites. The ground handling segment provides ground infrastructure services to Fraport's airports. The International activities and services segment includes IT and telecommunication services, and facility and infrastructure management.