AAR (AIR) Interest Expense : $-29 Mil (TTM As of Feb. 2024)

View and export this data going back to 1980. Start your Free Trial

What is AAR Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AAR's interest expense for the three months ended in Feb. 2024 was $ -12 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was $-29 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. AAR's Operating Income for the three months ended in Feb. 2024 was $ 33 Mil. AAR's Interest Expense for the three months ended in Feb. 2024 was $ -12 Mil. AAR's Interest Coverage for the quarter that ended in Feb. 2024 was 2.79. 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.

AAR Interest Expense Historical Data

The historical data trend for AAR'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.

* Premium members only.

AAR Interest Expense Chart

AAR Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Interest Expense

Get a 7-Day Free Trial

-9.50

-9.30

-5.00

-2.40

-12.20

AAR Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial															-3.80	-5.20	-5.80	-6.20	-11.90

AAR 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-29 Mil.

AAR (NYSE:AIR) 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.

AAR's Interest Expense for the three months ended in Feb. 2024 was $-12 Mil. Its Operating Income for the three months ended in Feb. 2024 was $33 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was $348 Mil.

AAR's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2024 )	/	Interest Expense (Q: Feb. 2024 )
	=	-1	*	33.2	/	-11.9
	=	2.79

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

AAR (AIR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » AAR Corp (NYSE:AIR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ARZ:Germany ARZ:Germany

Address

1100 N. Wood Dale Road, One AAR Place, Wood Dale, IL, USA, 60191

Website

https://www.aarcorp.com

AAR Corp is engaged in providing products and services to aviation, government, and defense market. It operates in two segments namely Aviation Services and Expeditionary Services. The Aviation Services segment consists of aftermarket support and services businesses that provide spares and maintenance support for aircraft operated by it's commercial and government/defense customers. The Expeditionary Services segment consists of businesses that provide products and services supporting the movement of equipment and personnel by the U.S. Department of Defense, foreign governments, and non-governmental organizations. It generates a majority of its revenue from the Aviation Services Segment.

Executives

Peter Pace	director	C/O AAR CORP., 1100 N. WOOD DALE ROAD, WOOD DALE IL 60191
Holmes John Mcclain Iii	officer: Group Vice President	1100 N. WOOD DALE ROAD, WOOD DALE IL 60191
Billy Nolen	director	1100 N WOOD DALE RD, WOOD DALE IL 60191
Sean M. Gillen	officer: VP-CFO	1100 N. WOOD DALE ROAD, WOOD DALE IL 60191
Eric Pachapa	officer: VP, Controller and CAO	1100 N. WOOD DALE ROAD, WOOD DALE IL 60191
Jessica A. Garascia	officer: Vice President and Secretary	1100 N. WOOD DALE ROAD, WOOD DALE IL 60191
Tracey Patterson	officer: Sr. VP & Chief HR Officer	1100 N WOOD DALE RD, WOOD DALE IL 60191
Christopher A. Jessup	officer: Vice President-CCO	1100 N. WOOD DALE ROAD, WOOD DALE IL 60191
Jennifer L Vogel	director	C/O AAR CORP., 1100 N. WOOD DALE ROAD, WOOD DALE IL 60191
John W Dietrich	director
Anthony Anderson	director	1100 N. WOOD DALE ROAD, WOOD DALE IL 60191
Gilbertson H John Jr	director	3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
David P Storch	director, officer: President, CEO & Director	C/O AAR CORP, 1111 NICHOLAS BLVD, 1111 NICHOLAS BLVD IL 60007
Michael Ross Boyce	director	1100 N. WOOD DALE ROAD, WOOD DALE IL 60191
Ellen M. Lord	director	1100 N. WOOD DALE ROAD, WOOD DALE IL 60191