AutoNation (AutoNation) Interest Expense : $-326 Mil (TTM As of Dec. 2023)

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What is AutoNation Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AutoNation's interest expense for the three months ended in Dec. 2023 was $ -92 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-326 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. AutoNation's Operating Income for the three months ended in Dec. 2023 was $ 350 Mil. AutoNation's Interest Expense for the three months ended in Dec. 2023 was $ -92 Mil. AutoNation's Interest Coverage for the quarter that ended in Dec. 2023 was 3.80. 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.

AutoNation Interest Expense Historical Data

The historical data trend for AutoNation'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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AutoNation Interest Expense Chart

AutoNation Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-245.10

-157.50

-118.70

-176.30

-326.10

AutoNation Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-57.20	-68.20	-78.80	-87.10	-92.00

AutoNation 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 $-326 Mil.

AutoNation (NYSE:AN) 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.

AutoNation's Interest Expense for the three months ended in Dec. 2023 was $-92 Mil. Its Operating Income for the three months ended in Dec. 2023 was $350 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $3,741 Mil.

AutoNation'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	*	349.9	/	-92
	=	3.80

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

AutoNation (AutoNation) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » AutoNation Inc (NYSE:AN) » Definitions » Interest Expense

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Traded in Other Exchanges

RWI:Germany

Address

200 SW 1st Avenue, Fort Lauderdale, FL, USA, 33301

Website

https://www.autonation.com

AutoNation is the second largest automotive dealer in the United States, with 2022 revenue of $27 billion and over 250 dealerships, plus 53 collision centers. The firm also has 16 AutoNation USA used-vehicle stores, a captive lender, four auction sites, and three parts distributors all across 20 states primarily in Sunbelt metropolitan areas. New-vehicle sales account for nearly half of revenue; the company also sells used vehicles, parts, and repair services as well as auto financing. The company (formerly Republic Industries) spun off its waste management unit (Republic Services) in 1999 and its car rental businesses (ANC Rental) in 2000. Wayne Huizenga founded the company in the 1990s to bring the rollup acquisition strategy to auto retailing, which has proved to be a smart move.

Executives

Edward S Lampert	director, 10 percent owner	1170 KANE CONCOURSE, SUITE 200, BAY HARBOUR FL 33154
Jeff Parent	officer: COO	200 SW 1ST AVE, SUITE 1600, FORT LAUDERDALE FL 33301
Mikan George Lawrence Iii	director	200 SW 1ST AVE, SUITE 1600, FORT LAUDERDALE FL 33301
Robert R Grusky	director	C/O STRAYER EDUCATION INC, 2303 DULLES STATION BOULEVARD, HERNDON VA 20171
Edmunds C Coleman	officer: EVP, Gen Counsel & Corp Sec	200 SW 1ST AVE, SUITE 1600, FORT LAUDERDALE FL 33301
Thomas A Szlosek	other: EVP & CFO	HONEYWELL INTERNATIONAL INC., 115 TABOR ROAD, MORRIS PLAINS NJ 07950
Joseph T Lower	officer: EVP & CFO	200 SW 1ST AVE, SUITE 1600, FORT LAUDERDALE FL 33301
Michael Mark Manley	director, officer: CEO and Director	1000 CHRYSLER DRIVE, CIMS 485-09-96, AUBURN HILLS MI 48326
Marc G Cannon	officer: CMO & SVP, Communications	200 SW 1ST AVE, SUITE 1600, FORT LAUDERDALE FL 33301
Kimberly Dees	officer: SVP & CAO	200 SW 1ST AVENUE, SUITE 1600, FORT LAUDERDALE FL 33301
Lisa Esparza	officer: EVP and CHIEF HR OFFICER	200 SW 1ST AVENUE, SUITE 1600, FORT LAUDERDALE FL 33301
Gianluca Camplone	officer: COO Prec Parts & EVP Mobility	200 SW 1ST AVE, SUITE 1600, FORT LAUDERDALE FL 33301
Christopher Cade	officer: VP and CAO	200 SW 1ST AVE, SUITE 1600, FORT LAUDERDALE FL 33301
Steve Kwak	officer: COO Franchised Business	200 SW 1ST AVE, SUITE 1600, FORT LAUDERDALE FL 33301
Jacqueline A Travisano	director	200 SW 1ST AVE, SUITE 1600, FORT LAUDERDALE FL 33301