CAE (FRA:CE9) Interest Expense : €-107 Mil (TTM As of Dec. 2023)

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What is CAE Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CAE's interest expense for the three months ended in Dec. 2023 was € -36 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-107 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. CAE's Operating Income for the three months ended in Dec. 2023 was € 84 Mil. CAE's Interest Expense for the three months ended in Dec. 2023 was € -36 Mil. CAE's Interest Coverage for the quarter that ended in Dec. 2023 was 2.36. 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.

CAE Interest Expense Historical Data

The historical data trend for CAE'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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CAE Interest Expense Chart

CAE Annual Data

Trend

Mar15

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Mar23

Mar24

Interest Expense

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-80.91

-79.33

-81.05

-103.76

CAE Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-19.66	-37.58	-33.24	-35.82	-

CAE 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 €-107 Mil.

CAE (FRA:CE9) 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.

CAE's Interest Expense for the three months ended in Dec. 2023 was €-36 Mil. Its Operating Income for the three months ended in Dec. 2023 was €84 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was €1,789 Mil.

CAE'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	*	84.482	/	-35.816
	=	2.36

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

CAE (FRA:CE9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » CAE Inc (FRA:CE9) » Definitions » Interest Expense

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CAE:USA CAE:Canada

Address

8585 Cote de Liesse, Saint-Laurent, QC, CAN, H4T 1G6

Website

https://www.cae.com

CAE Inc is a global company focused on delivering training for the civil aviation, defense, security, and healthcare markets. Multiple types of simulators and synthetic exercises may be sold to customers to serve as alternatives for live-training experiences. The company's training solutions are provided through products and services. CAE has many different training locations where clients can be trained and educated through a series of programs. Additionally, part of the revenues come from supplying aviation personnel on a lease, along with providing aviation support organizations. Roughly one-third of sales are from the United States, with the remainder split among several other nations.

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