gategroup Holding AG (gategroup Holding AG) Interest Expense : $-71.55 Mil (TTM As of Dec. 2019)

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What is gategroup Holding AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. gategroup Holding AG's interest expense for the six months ended in Dec. 2019 was $ -71.55 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2019 was $-71.55 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. gategroup Holding AG's Operating Income for the six months ended in Dec. 2019 was $ 121.51 Mil. gategroup Holding AG's Interest Expense for the six months ended in Dec. 2019 was $ -71.55 Mil. gategroup Holding AG's Interest Coverage for the quarter that ended in Dec. 2019 was 1.70. 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.

gategroup Holding AG Interest Expense Historical Data

The historical data trend for gategroup Holding AG'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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gategroup Holding AG Interest Expense Chart

gategroup Holding AG Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Interest Expense

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-39.80

-25.11

-51.47

-51.52

-71.55

gategroup Holding AG Semi-Annual Data
	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19
Interest Expense	Get a 7-Day Free Trial							-39.80	-25.11	-51.47	-51.52	-71.55

gategroup Holding AG Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Interest Expense for the trailing twelve months (TTM) ended in Dec. 2019 was $-71.55 Mil.

gategroup Holding AG (OTCPK:GGRUY) 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.

gategroup Holding AG's Interest Expense for the six months ended in Dec. 2019 was $-71.55 Mil. Its Operating Income for the six months ended in Dec. 2019 was $121.51 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2019 was $1,066.66 Mil.

gategroup Holding AG's Interest Coverage for the quarter that ended in Dec. 2019 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2019 )	/	Interest Expense (Q: Dec. 2019 )
	=	-1	*	121.514	/	-71.545
	=	1.70

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

Warning Sign:

Ben Graham prefers companies interest coverage is at least 5. gategroup Holding AG interest coverage is 1.7, which is low.

gategroup Holding AG (gategroup Holding AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » gategroup Holding AG (OTCPK:GGRUY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sagereistrasse 20, Glattbrugg, CHE, CH-8152

Website

http://www.gategroup.com

gategroup Holding AG is engaged in the operation of airline catering and provision of related services in Switzerland. It provides airline catering, retail and technology services, onboard service equipment, and supply chain and logistics solutions. Its segments include EMEA, North America, Latin America and Asia Pacific regions.

gategroup Holding AG (gategroup Holding AG) Headlines

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