Atco (ACLTF) Interest Expense : $-396 Mil (TTM As of Dec. 2024)

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What is Atco Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Atco's interest expense for the three months ended in Dec. 2024 was $ -98 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was $-396 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. Atco's Operating Income for the three months ended in Dec. 2024 was $ 232 Mil. Atco's Interest Expense for the three months ended in Dec. 2024 was $ -98 Mil. Atco's Interest Coverage for the quarter that ended in Dec. 2024 was 2.38. 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.

Atco Interest Expense Historical Data

The historical data trend for Atco'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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Atco Interest Expense Chart

Atco Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-328.68

-330.47

-318.00

-367.47

-382.54

Atco Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-91.68	-99.00	-98.50	-101.14	-97.56

Atco 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-396 Mil.

Atco (OTCPK:ACLTF) 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.

Atco's Interest Expense for the three months ended in Dec. 2024 was $-98 Mil. Its Operating Income for the three months ended in Dec. 2024 was $232 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was $8,141 Mil.

Atco's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	232.33	/	-97.564
	=	2.38

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. Atco Ltd interest coverage is 2.21, which is low.

Atco Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Atco Ltd (OTCPK:ACLTF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ACLLF:USA 8A6:Germany ACO.Y:Canada ACO.X:Canada

Address

5302 Forand Street SW, 4th Floor, West Building, Calgary, AB, CAN, T3E 8B4

Website

https://www.atco.com

Atco Ltd is a Canada-based diversified company. The company's Structures & Logistics segment offers workforce and residential housing, modular facilities, construction, site support services, workforce lodging services, facility operations, and maintenance, defense operations services, and disaster and emergency management services. The Neltume Ports segment includes the equity interest in Neltume Ports S.A., a port operator and developer based in South America. The Retail Energy segment provides electricity and natural gas retail sales, and home maintenance solutions. Its Canadian Utilities Limited segment includes ATCO Energy Systems, ATCO EnPower, and ATCO Australia. It generates maximum revenue from the ATCO Energy Systems segment.