Grupo Aeroportuario del Centro NorteB de CV (Grupo Aeroportuario del Centro NorteB de CV) Interest Expense : $-41.5 Mil (TTM As of Mar. 2023)

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What is Grupo Aeroportuario del Centro NorteB de CV Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Grupo Aeroportuario del Centro NorteB de CV's interest expense for the three months ended in Mar. 2023 was $ -16.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was $-41.5 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. Grupo Aeroportuario del Centro NorteB de CV's Operating Income for the three months ended in Mar. 2023 was $ 97.2 Mil. Grupo Aeroportuario del Centro NorteB de CV's Interest Expense for the three months ended in Mar. 2023 was $ -16.7 Mil. Grupo Aeroportuario del Centro NorteB de CV's Interest Coverage for the quarter that ended in Mar. 2023 was 5.81. 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.

Grupo Aeroportuario del Centro NorteB de CV Interest Expense Historical Data

The historical data trend for Grupo Aeroportuario del Centro NorteB de CV'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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Grupo Aeroportuario del Centro NorteB de CV Interest Expense Chart

Grupo Aeroportuario del Centro NorteB de CV Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-16.58

-19.94

-21.14

-25.19

-47.91

Grupo Aeroportuario del Centro NorteB de CV Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23
Interest Expense	Get a 7-Day Free Trial															-6.96	-9.50	-11.65	-13.16	-16.73

Grupo Aeroportuario del Centro NorteB de CV 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-41.5 Mil.

Grupo Aeroportuario del Centro NorteB de CV (NAS:OMAB) 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.

Grupo Aeroportuario del Centro NorteB de CV's Interest Expense for the three months ended in Mar. 2023 was $-16.7 Mil. Its Operating Income for the three months ended in Mar. 2023 was $97.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2023 was $601.6 Mil.

Grupo Aeroportuario del Centro NorteB de CV's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2023 )	/	Interest Expense (Q: Mar. 2023 )
	=	-1	*	97.225	/	-16.733
	=	5.81

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

Grupo Aeroportuario del Centro NorteB de CV (Grupo Aeroportuario del Centro NorteB de CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Grupo Aeroportuario del Centro Norte SAB de CV (NAS:OMAB) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

GAERF:USA OMAB:Mexico G7A:Germany G7AB:Germany G7A:Germany

Address

Avenue Patriotismo 201, Plaza Metropoli Patriotismo, 5th Floor, Col. San Pedro de los Pinos, Benito Juarez, MEX, MEX, 03800

Website

https://www.oma.aero

Grupo Aeroportuario del Centro Norte operates airports in the central region of Mexico. The largest airport is in Monterrey, which serves nearly half of the company's total passengers. In addition, the company manages two hotels and one industrial park.