Ashtead Group (Ashtead Group) Interest Expense : $-503 Mil (TTM As of Jan. 2024)

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What is Ashtead Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ashtead Group's interest expense for the three months ended in Jan. 2024 was $ -147 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was $-503 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. Ashtead Group's Operating Income for the three months ended in Jan. 2024 was $ 758 Mil. Ashtead Group's Interest Expense for the three months ended in Jan. 2024 was $ -147 Mil. Ashtead Group's Interest Coverage for the quarter that ended in Jan. 2024 was 5.16. 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.

Ashtead Group Interest Expense Historical Data

The historical data trend for Ashtead Group'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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Ashtead Group Interest Expense Chart

Ashtead Group Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Interest Expense

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-192.54

-273.72

-251.90

-225.80

-361.60

Ashtead Group 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															-101.80	-107.90	-116.70	-131.90	-146.90

Ashtead Group 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 $-503 Mil.

Ashtead Group (OTCPK:ASHTY) 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.

Ashtead Group's Interest Expense for the three months ended in Jan. 2024 was $-147 Mil. Its Operating Income for the three months ended in Jan. 2024 was $758 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was $10,920 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Jan. 2024 )	/	Interest Expense (Q: Jan. 2024 )
	=	-1	*	757.5	/	-146.9
	=	5.16

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

Ashtead Group (Ashtead Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Ashtead Group PLC (OTCPK:ASHTY) » Definitions » Interest Expense

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Traded in Other Exchanges

ASHTF:USA AHTl:UK AHT:UK 0LC:Germany 0LC:Germany

Address

100 Cheapside, London, GBR, EC2V 6DT

Website

https://www.ashtead-group.com

Ashtead is an equipment rental business with operations in the U.S., Canada, and United Kingdom, operating under the Sunbelt Rentals brand. Earnings are mostly derived from the U.S. where Sunbelt enjoy a number-two market position with a 13% share in a highly fragmented market consisting of national, regional, and independent competitors. Ashtead rents a range of construction, industrial, and general equipment such as aerial lifts, hand-held tools, and forklifts across its more than 1,550 rental stores worldwide.