AIRA Capital PCL (BKK:AIRA) Interest Expense : ฿-214 Mil (TTM As of Mar. 2024)

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What is AIRA Capital PCL Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AIRA Capital PCL's interest expense for the three months ended in Mar. 2024 was ฿ -56 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ฿-214 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. AIRA Capital PCL's Operating Income for the three months ended in Mar. 2024 was ฿ 52 Mil. AIRA Capital PCL's Interest Expense for the three months ended in Mar. 2024 was ฿ -56 Mil. AIRA Capital PCL's Interest Coverage for the quarter that ended in Mar. 2024 was 0.92. 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.

AIRA Capital PCL Interest Expense Historical Data

The historical data trend for AIRA Capital 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.

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AIRA Capital PCL Interest Expense Chart

AIRA Capital PCL Annual Data

Trend

Dec14

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Dec19

Dec20

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Dec23

Interest Expense

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-108.11

-144.10

-147.11

-169.52

-206.47

AIRA Capital 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															-48.94	-51.81	-50.98	-54.74	-56.14

AIRA Capital 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 ฿-214 Mil.

AIRA Capital PCL (BKK:AIRA) 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.

AIRA Capital PCL's Interest Expense for the three months ended in Mar. 2024 was ฿-56 Mil. Its Operating Income for the three months ended in Mar. 2024 was ฿52 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ฿687 Mil.

AIRA Capital 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	*	51.669	/	-56.14
	=	0.92

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. AIRA Capital PCLs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

AIRA Capital PCL (BKK:AIRA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » AIRA Capital PCL (BKK:AIRA) » Definitions » Interest Expense

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Address

Phayathai Road, No. 319, Chamchuri Square, 12th Floor, Pathumwan Sub-district, Pathumwan District, Bangkok, THA, 10330

Website

https://www.airacapital.co.th

AIRA Capital PCL is an investment firm providing a range of financial products under the approved licenses. It operates with five business segments namely Securities and investment business segment, which services a securities and derivatives brokerage, securities trading and investment; Advisory and investment banking segment, which services an investment and financial advisory, underwriting and private fund management; Factoring segment, which purchases account receivables; Rental and service business segment, which engages in finance lease, hire purchase and operating lease for industrial equipment and machines and property development which involves the development of properties. It derives majority income from brokerage fees, management fees and interest and dividends on investment.

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