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Auckland International Airport (ASX:AIA) Interest Expense : A$-60.0 Mil (TTM As of Dec. 2023)


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What is Auckland International Airport Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Auckland International Airport's interest expense for the six months ended in Dec. 2023 was A$ -30.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-60.0 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. Auckland International Airport's Operating Income for the six months ended in Dec. 2023 was A$ 186.2 Mil. Auckland International Airport's Interest Expense for the six months ended in Dec. 2023 was A$ -30.8 Mil. Auckland International Airport's Interest Coverage for the quarter that ended in Dec. 2023 was 6.05. 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.

Auckland International Airport Interest Expense Historical Data

The historical data trend for Auckland International Airport'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.

Auckland International Airport Interest Expense Chart

Auckland International Airport Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -74.61 -67.08 -87.39 -48.55 -57.32

Auckland International Airport 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -25.42 -24.32 -28.91 -29.25 -30.77

Auckland International Airport 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 A$-60.0 Mil.

* 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.

Auckland International Airport  (ASX:AIA) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Auckland International Airport's Interest Expense for the six months ended in Dec. 2023 was A$-30.8 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$186.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$1,733.5 Mil.

Auckland International Airport'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*186.215/-30.772
=6.05

* 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.

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

Auckland International Airport (ASX:AIA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Auckland International Airport Ltd (ASX:AIA) » Definitions » Interest Expense
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Traded in Other Exchanges
AUKNY:USA ACKDF:USA AIA:New Zealand BZTA:Germany
Address
4 Leonard Isitt Drive, Auckland Airport Business District, Manukau, NTL, NZL, 2022
Website
https://www.aucklandairport.co.nz
Auckland Airport is New Zealand's largest airport, handling 21 million passenger movements in fiscal 2019, approximately 70% of the country's international visitors. It owns 1,500 hectares of land, and hosts ancillary commercial services, including retail and duty-free, car parking, hotels, warehouses, and offices. Substantial development opportunities could bring its capacity up to near 28 million passenger movements per year by 2032, as well as adding capacity in the ancillary services offered. It also has a minority stake in the small but fast growing Queenstown airport on New Zealand's south island.