Magellan Aerospace (Magellan Aerospace) Interest Expense : $-2.9 Mil (TTM As of Mar. 2024)

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What is Magellan Aerospace Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Magellan Aerospace's interest expense for the three months ended in Mar. 2024 was $ -1.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-2.9 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. Magellan Aerospace's Operating Income for the three months ended in Mar. 2024 was $ 7.1 Mil. Magellan Aerospace's Interest Expense for the three months ended in Mar. 2024 was $ -1.0 Mil. Magellan Aerospace's Interest Coverage for the quarter that ended in Mar. 2024 was 7.31. 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.

Magellan Aerospace Interest Expense Historical Data

The historical data trend for Magellan Aerospace'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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Magellan Aerospace Interest Expense Chart

Magellan Aerospace Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.96

-2.68

-2.07

-2.02

-2.58

Magellan Aerospace 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															-0.59	-0.63	-0.76	-0.59	-0.97

Magellan Aerospace 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.9 Mil.

Magellan Aerospace (OTCPK:MALJF) 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.

Magellan Aerospace's Interest Expense for the three months ended in Mar. 2024 was $-1.0 Mil. Its Operating Income for the three months ended in Mar. 2024 was $7.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $34.6 Mil.

Magellan Aerospace's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	7.077	/	-0.968
	=	7.31

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

Magellan Aerospace (Magellan Aerospace) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Magellan Aerospace Corp (OTCPK:MALJF) » Definitions » Interest Expense

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Traded in Other Exchanges

4M7A:Germany MAL:Canada

Address

3160 Derry Road East, Mississauga, ON, CAN, L4T 1A9

Website

https://www.magellan.aero

Magellan Aerospace Corp supplies components to the aerospace industry. It has two major product groups: aerostructures and aeroengines. Its engines and parts may be applied to new aircraft, or as replacement parts to existing platforms. The company also provides aftermarket support by conducting specific repairs and other maintenance services. It serves both commercial (approximately three-fourths of total sales) and defense markets. Additionally, parts and equipment may be provided for power generation projects, but sales do not constitute a material amount. The three geographic regions to which Magellan primarily sells are Canada, the United States, and Europe.