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Asia Aviation PCL (BKK:AAV-F) Interest Expense : ฿-2,300 Mil (TTM As of Mar. 2024)


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What is Asia Aviation PCL Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Asia Aviation PCL's interest expense for the three months ended in Mar. 2024 was ฿ -630 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ฿-2,300 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. Asia Aviation PCL's Operating Income for the three months ended in Mar. 2024 was ฿ 1,909 Mil. Asia Aviation PCL's Interest Expense for the three months ended in Mar. 2024 was ฿ -630 Mil. Asia Aviation PCL's Interest Coverage for the quarter that ended in Mar. 2024 was 3.03. 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.

Asia Aviation PCL Interest Expense Historical Data

The historical data trend for Asia Aviation PCL'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.

Asia Aviation PCL Interest Expense Chart

Asia Aviation PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -762.88 -1,603.01 -1,733.36 -2,113.77 -2,164.06

Asia Aviation PCL Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -493.76 -549.05 -596.37 -524.89 -630.08

Asia Aviation PCL 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿-2,300 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.

Asia Aviation PCL  (BKK:AAV-F) 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.

Asia Aviation PCL's Interest Expense for the three months ended in Mar. 2024 was ฿-630 Mil. Its Operating Income for the three months ended in Mar. 2024 was ฿1,909 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ฿34,283 Mil.

Asia Aviation PCL's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*1909.135/-630.078
=3.03

* 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.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Asia Aviation PCL interest coverage is 1.18, which is low.

Asia Aviation PCL (BKK:AAV-F) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Asia Aviation PCL (BKK:AAV-F) » Definitions » Interest Expense
Comparable Companies
BKK:BA DAL DUB:RYA SHSE:601111 SHSE:600029 LUV SGX:C6L SHSE:600115 NSE:INDIGO UAL IST:THYAO TSE:9202 SHSE:600221 XTER:LHA LSE:IAG TSE:9201 AAL SHSE:601021 HKSE:00293 XKRX:003490
Traded in Other Exchanges
AAV:Thailand 55AA:Germany
Address
Vibhavadee Rangsit Road, 3rd floor, Central Office Building, Room no. 3200, 222, Don Mueang International Airport, Sanam Bin District, Don Mueang District, Bangkok, THA, 10210
Website
https://www.aavplc.com
Asia Aviation PCL is a holding company for Thai AirAsia Company Ltd that is engaged in investing in a low-fare airline business company. The company has two operating segments; Schedule flight operations provide passenger air transportation services to routine destinations for scheduled flights. It sells tickets through its distribution channels such as websites, sale counters, travel agents. and Chartered flight operations provide passenger air transportation services to non-routine destinations. Flights are operated when there is hiring from customers such as tourist agency companies.

Asia Aviation PCL (BKK:AAV-F) Headlines

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