Cebu Air (Cebu Air) Interest Expense : $-76 Mil (TTM As of Sep. 2023)

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What is Cebu Air Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cebu Air's interest expense for the three months ended in Sep. 2023 was $ -24 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-76 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. Cebu Air's Operating Income for the three months ended in Sep. 2023 was $ 42 Mil. Cebu Air's Interest Expense for the three months ended in Sep. 2023 was $ -24 Mil. Cebu Air's Interest Coverage for the quarter that ended in Sep. 2023 was 1.74. 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.

Cebu Air Interest Expense Historical Data

The historical data trend for Cebu Air'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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Cebu Air Interest Expense Chart

Cebu Air Annual Data

Trend

Dec13

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Dec22

Interest Expense

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-36.85

-53.62

-38.61

-44.02

-59.27

Cebu Air Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-15.72	-16.36	-16.06	-19.89	-24.07

Cebu Air 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-76 Mil.

Cebu Air (OTCPK:CEBUF) 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.

Cebu Air's Interest Expense for the three months ended in Sep. 2023 was $-24 Mil. Its Operating Income for the three months ended in Sep. 2023 was $42 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $1,954 Mil.

Cebu Air's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	41.866	/	-24.069
	=	1.74

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. Cebu Air Inc interest coverage is 1.36, which is low.

Cebu Air (Cebu Air) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Cebu Air Inc (OTCPK:CEBUF) » Definitions » Interest Expense

Comparable Companies

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CEBCP.PFD:Philippines CEB:Philippines

Address

Sergio Osmena Boulevard, Level 4, Unit 4030-4031, Robinsons Galleria Cebu, General Maxilom Avenue cor, Cebu, CEB, PHL, 6000

Website

https://www.cebupacificair.com

Cebu Air Inc is a carrier in the Philippine air transportation industry. It has two reportable operating segments, which are the airline business (Parent Company and CEBGO) and the line and light maintenance business (A-Plus). The revenue of the operating segment was mainly derived from rendering transportation services and line and light maintenance services. The Airline Group has a network of distributors in the Philippines selling its domestic and international air services within an agreed territory or geographical coverage. Geographically, it operates in the Philippines, Asia (excluding the Philippines), Europe, and Others, out of which the majority is from the Philippines.

Cebu Air (Cebu Air) Headlines

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Baron Funds Comments on Cebu Air Inc.

By Holly LaFon Holly LaFon • 12-10-2013