Spirit AeroSystems Holdings (Spirit AeroSystems Holdings) Interest Expense

: $-319 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Spirit AeroSystems Holdings's interest expense for the three months ended in Dec. 2023 was $ -98 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-319 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. Spirit AeroSystems Holdings's Operating Income for the three months ended in Dec. 2023 was $ 213 Mil. Spirit AeroSystems Holdings's Interest Expense for the three months ended in Dec. 2023 was $ -98 Mil. Spirit AeroSystems Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 2.18. 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.

Spirit AeroSystems Holdings Interest Expense Historical Data

The historical data trend for Spirit AeroSystems Holdings'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.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => -91.90 [6] => -195.30 [7] => -242.60 [8] => -244.10 [9] => -318.70 )

Spirit AeroSystems Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-91.90

-195.30

-242.60

-244.10

-318.70

Spirit AeroSystems Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-73.30	-72.40	-73.60	-75.10	-97.60

Spirit AeroSystems Holdings 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 $-319 Mil.

Spirit AeroSystems Holdings (NYSE:SPR) 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.

Spirit AeroSystems Holdings's Interest Expense for the three months ended in Dec. 2023 was $-98 Mil. Its Operating Income for the three months ended in Dec. 2023 was $213 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $4,103 Mil.

Spirit AeroSystems Holdings'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	*	213.2	/	-97.6
	=	2.18

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

Spirit AeroSystems Holdings (Spirit AeroSystems Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Spirit AeroSystems Holdings Inc (NYSE:SPR) » Definitions » Interest Expense

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Traded in Other Exchanges

S9Q:Germany

Address

3801 South Oliver Street, Wichita, KS, USA, 67210

Website

https://www.spiritaero.com

Spirit AeroSystems manufactures aerostructures, particularly fuselages, cockpits, wing sections, engine pylons, and nacelles for commercial and military aircraft. The company was spun out of Boeing in 2005, and the firm is the largest independent supplier of aerostructures for commercial aircraft. Boeing and Airbus are the firm's primary customers—Boeing represented roughly 60% and Airbus roughly 20% of revenue in recent years. The company is highly exposed to Boeing's 737 program, which accounts for nearly half the company's revenue.

Executives

Alan W Young	officer: SVP Fab & Procurement Officer	3801 S. OLIVER, MC K11-60, WICHITA KS 67210
Sean Black	officer: SVP, Engineering	3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Mindy Mcpheeters	officer: SVP, GC/Corp Sec	3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Justin Welner	officer: SVP, CAO & CCO	3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Mark Miklos	officer: SVP, Defense & Space	3801 S. OLIVER, MC K11-60, WICHITA KS 67210
Kailash Krishnaswamy	officer: SVP, Aftermarket	3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Robert D Johnson	director	HONEYWELL, 1944 E SKY HARBOR CIRCLE, PHOENIX AZ 85034
Ray James R Jr	director	COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Fitzgerald William Augustus Iii	director	3801 S OLIVER, MC K11-60, WICHITA KS 67210
Patrick M Shanahan	director	C/O RESILIENCE CAPITAL PARTNERS LLC, 25101 CHAGRIN BLVD 350, BEACHWOOD OH 44122
Terry J George	officer: SVP, Boeing 737 Program	3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Damon Christopher Ward	officer: Interim Corporate Controller	3801 S OLIVER ST, MAIL CODE K11-60, WICHITA KS 67210
Stephen Anthony Cambone	director	3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Mcmullen Victor Rodney Jr	officer: SVP, Wichita & Oklahoma Ops	3801 S OLIVER ST, MAIL CODE K11-60, WICHITA KS 67210
Scott Mclarty	officer: SVP, Airbus Programs	3801 S OLIVER ST, MAIL CODE K11-60, WICHITA KS 67210