Air T (AIRTP.PFD) Interest Expense : $-7.13 Mil (TTM As of Sep. 2024)

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What is Air T Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Air T's interest expense for the three months ended in Sep. 2024 was $ -2.16 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-7.13 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. Air T's Operating Income for the three months ended in Sep. 2024 was $ 3.90 Mil. Air T's Interest Expense for the three months ended in Sep. 2024 was $ -2.16 Mil. Air T's Interest Coverage for the quarter that ended in Sep. 2024 was 1.80. 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.

Air T Interest Expense Historical Data

The historical data trend for Air T'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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Air T Interest Expense Chart

Air T Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-4.46

-4.35

-4.81

-7.93

-6.68

Air T Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-1.85	-1.53	-1.50	-1.95	-2.16

Air T 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-7.13 Mil.

Air T (NAS:AIRTP.PFD) 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.

Air T's Interest Expense for the three months ended in Sep. 2024 was $-2.16 Mil. Its Operating Income for the three months ended in Sep. 2024 was $3.90 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $131.30 Mil.

Air T's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	3.899	/	-2.162
	=	1.80

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

Air T Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Air T Inc (NAS:AIRTP.PFD) » Definitions » Interest Expense

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AIRT:USA GXT:Germany

Address

11020 David Taylor Drive, Suite 305, Charlotte, NC, USA, 28262

Website

https://www.airt.net

Air T Inc together with its subsidiaries provides air freight service to the express delivery industry. The company's operating segments include Overnight air cargo, Ground equipment sales, Commercial jet engines, and parts, Corporate, and Others. The company generates maximum revenue from the Commercial Jet Engines and Parts segment.