Air New Zealand (STU:BZU) Interest Expense : €-106 Mil (TTM As of Dec. 2023)

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What is Air New Zealand Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Air New Zealand's interest expense for the six months ended in Dec. 2023 was € -55 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-106 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. Air New Zealand's Operating Income for the six months ended in Dec. 2023 was € 33 Mil. Air New Zealand's Interest Expense for the six months ended in Dec. 2023 was € -55 Mil. Air New Zealand's Interest Coverage for the quarter that ended in Dec. 2023 was 0.60. 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.

Air New Zealand Interest Expense Historical Data

The historical data trend for Air New Zealand'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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Air New Zealand Interest Expense Chart

Air New Zealand Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-46.15

-58.97

-53.09

-56.50

-92.87

Air New Zealand Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-24.62	-31.85	-44.38	-50.96	-55.35

Air New Zealand 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 semi-annually data reported by the company within the most recent 12 months, which was €-106 Mil.

Air New Zealand (STU:BZU) 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.

Air New Zealand's Interest Expense for the six months ended in Dec. 2023 was €-55 Mil. Its Operating Income for the six months ended in Dec. 2023 was €33 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €1,439 Mil.

Air New Zealand'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	*	33.096	/	-55.351
	=	0.60

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

Air New Zealand (STU:BZU) Business Description

Industry

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ANZLY:USA ANZFF:USA AIR:New Zealand BZU:Germany AIZ:Australia

Address

185 Fanshawe Street, Air New Zealand House, Auckland, NTL, NZL, 1010

Website

https://www.airnewzealand.co.nz

Air New Zealand, majority owned by the New Zealand Government, provides air passenger and cargo transport services within New Zealand, as well as to and from Australia, the South-West Pacific, Asia, North America, the United Kingdom, and South America. Air New Zealand also encompasses business units providing engineering and ground handling services. Air New Zealand dominates the local market, with around 80% market share, although the majority of revenue is derived from international and trans-Tasman activity.