LATAM Airlines Group (LATAM Airlines Group) Interest Expense : $-676 Mil (TTM As of Dec. 2023)

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What is LATAM Airlines Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. LATAM Airlines Group's interest expense for the three months ended in Dec. 2023 was $ -172 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-676 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. LATAM Airlines Group's Operating Income for the three months ended in Dec. 2023 was $ 194 Mil. LATAM Airlines Group's Interest Expense for the three months ended in Dec. 2023 was $ -172 Mil. LATAM Airlines Group's Interest Coverage for the quarter that ended in Dec. 2023 was 1.13. 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.

LATAM Airlines Group Interest Expense Historical Data

The historical data trend for LATAM Airlines 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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LATAM Airlines Group Interest Expense Chart

LATAM Airlines Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-569.44

-530.63

-748.02

-911.83

-682.89

LATAM Airlines Group 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															-206.38	-162.65	-166.77	-173.98	-172.13

LATAM Airlines 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-676 Mil.

LATAM Airlines Group (OTCPK:LTMAY) 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.

LATAM Airlines Group's Interest Expense for the three months ended in Dec. 2023 was $-172 Mil. Its Operating Income for the three months ended in Dec. 2023 was $194 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $6,342 Mil.

LATAM Airlines Group'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	*	193.765	/	-172.128
	=	1.13

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. LATAM Airlines Group SA interest coverage is 1.63, which is low.

LATAM Airlines Group (LATAM Airlines Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » LATAM Airlines Group SA (OTCPK:LTMAY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

LFL:Germany LTM:Chile

Address

Avenida Presidente Riesco No. 5711, 20th Floor, Las Condes, Santiago, CHL

Website

https://www.latamairlinesgroup.net

LATAM Airlines Group SA operates as a passenger airline group. Geographically, the company operates in Brazil, Chile, Colombia, Ecuador, and Peru, along with international operations within Latin America and to Europe, the US, and the Caribbean. The firm generates its revenue from transporting passengers and cargo.