Transat AT (Transat AT) Interest Expense : $-100 Mil (TTM As of Jan. 2024)

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What is Transat AT Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Transat AT's interest expense for the three months ended in Jan. 2024 was $ -25 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was $-100 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. Transat AT's Operating Income for the three months ended in Jan. 2024 was $ -20 Mil. Transat AT's Interest Expense for the three months ended in Jan. 2024 was $ -25 Mil. Transat AT did not have earnings to cover the interest expense. 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.

Transat AT Interest Expense Historical Data

The historical data trend for Transat AT'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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Transat AT Interest Expense Chart

Transat AT Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Interest Expense

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-28.76

-36.35

-61.16

-74.76

-94.85

Transat AT Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Expense	Get a 7-Day Free Trial															-23.03	-24.23	-24.56	-25.70	-25.18

Transat AT 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-100 Mil.

Transat AT (OTCPK:TRZBF) 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.

Transat AT's Interest Expense for the three months ended in Jan. 2024 was $-25 Mil. Its Operating Income for the three months ended in Jan. 2024 was $-20 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was $1,232 Mil.

Transat AT's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Transat AT did not have earnings to cover the interest expense.

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. Transat AT Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Transat AT (Transat AT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Transat AT Inc (OTCPK:TRZBF) » Definitions » Interest Expense

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Traded in Other Exchanges

1TJ:Germany TRZ:Canada

Address

300 Leo-Pariseau Street, Suite 600, Montreal, QC, CAN, H2X 4C2

Website

https://www.transat.com

Transat A.T. Inc is a Canadian company that specializes in the organization, marketing, and distribution of holiday travel in the tourism industry. The company offers vacation packages, hotel stays, and air travel under the Transat and Air Transat brands. The company's core business consists of a Canadian leisure airline based in Canada that is vertically integrated with its other services of holiday packages, distribution through a dynamic travel agency network, value-added services at travel destinations, and accommodations. Its geographical segments include the Transatlantic, Americas, and others. It operates in one segment namely holiday travel.

Transat AT (Transat AT) Headlines

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