Willis Lease Finance (Willis Lease Finance) Interest Expense : $-78.8 Mil (TTM As of Dec. 2023)

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What is Willis Lease Finance Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Willis Lease Finance's interest expense for the three months ended in Dec. 2023 was $ -22.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-78.8 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. Willis Lease Finance's Operating Income for the three months ended in Dec. 2023 was $ 41.1 Mil. Willis Lease Finance's Interest Expense for the three months ended in Dec. 2023 was $ -22.3 Mil. Willis Lease Finance's Interest Coverage for the quarter that ended in Dec. 2023 was 1.84. 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.

Willis Lease Finance Interest Expense Historical Data

The historical data trend for Willis Lease Finance'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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Willis Lease Finance Interest Expense Chart

Willis Lease Finance Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-66.89

-63.02

-67.99

-66.74

-78.80

Willis Lease Finance 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															-17.53	-18.39	-19.09	-19.05	-22.27

Willis Lease Finance 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 $-78.8 Mil.

Willis Lease Finance (NAS:WLFC) 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.

Willis Lease Finance's Interest Expense for the three months ended in Dec. 2023 was $-22.3 Mil. Its Operating Income for the three months ended in Dec. 2023 was $41.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,802.9 Mil.

Willis Lease Finance'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	*	41.061	/	-22.269
	=	1.84

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Willis Lease Finance Corp interest coverage is 1.87, which is low.

Willis Lease Finance (Willis Lease Finance) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Willis Lease Finance Corp (NAS:WLFC) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

4700 Lyons Technology Parkway, Coconut Creek, FL, USA, 33073

Website

https://www.willislease.com

Willis Lease Finance Corp with its subsidiaries is a lessor and servicer of commercial aircraft and aircraft engines. The company has two reportable business segments namely Leasing and Related Operations which involves acquiring and leasing, pursuant to operating leases, commercial aircraft, aircraft engines and other aircraft equipment and the selective purchase and resale of commercial aircraft engines and other aircraft equipment and other related businesses and Spare Parts Sales segment involves the purchase and resale of after-market engine parts, whole engines, engine modules and portable aircraft components.

Executives

Willis Charles F Iv	director, 10 percent owner, officer: Executive Chairman	4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073
Scott B. Flaherty	officer: SVP, CFO	4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073
Brian Richard Hole	officer: President	4700 LYONS TECHNOLOGY, SUITE 2215, COCONUT CREEK FL 33073
Hans Jorg Hunziker	director	4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073
Austin Chandler Willis	director	4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073
Rae Ann Mckeating	director	PO BOX 593, MCCALL ID 83638
Robert J. Keady	director	4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073
Robert T Morris	director	4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073
Dean Michael Poulakidas	officer: SVP, Gen. Counsel, Secretary	4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073
Anthony R. Spaulding	officer: SVP, Technical Services	773 SAN MARIN DRIVE, SUITE 2215, NOVATO CA 94998
Donald A Nunemaker	officer: EVP, General Mgr. Leasing	773 SAN MARIN DRIVE, SUITE 2215, NOVATO CA 94998
Bradley Stewart Forsyth	officer: SVP, CFO	773 SAN MARIN DRIVE, SUITE 2215, NOVATO CA 94998
Ernest J. Furtado	officer: Interim CFO	773 SAN MARIN DRIVE, SUITE 2215, NOVATO CA 94998
Coon W William Jr	director	773 SAN MARIN DRIVE, SUITE 2215, NOVATO CA 94998
Judith M Webber	officer: SVP, Technical Services	773 SAN MARIN DRIVE, SUITE 2215, NOVATO CA 94998