Flughafen Zuerich AG (Flughafen Zuerich AG) Interest Expense : $-17 Mil (TTM As of Dec. 2023)

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What is Flughafen Zuerich AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Flughafen Zuerich AG's interest expense for the six months ended in Dec. 2023 was $ -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-17 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. Flughafen Zuerich AG's Operating Income for the six months ended in Dec. 2023 was $ 241 Mil. Flughafen Zuerich AG's Interest Expense for the six months ended in Dec. 2023 was $ -6 Mil. Flughafen Zuerich AG's Interest Coverage for the quarter that ended in Dec. 2023 was 39.39. 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.

Flughafen Zuerich AG Interest Expense Historical Data

The historical data trend for Flughafen Zuerich AG'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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Flughafen Zuerich AG Interest Expense Chart

Flughafen Zuerich AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-14.76

-23.53

-31.38

-25.23

-17.35

Flughafen Zuerich AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-19.44	-14.43	-10.20	-10.77	-6.13

Flughafen Zuerich AG 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-17 Mil.

Flughafen Zuerich AG (OTCPK:FLGZY) 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.

Flughafen Zuerich AG's Interest Expense for the six months ended in Dec. 2023 was $-6 Mil. Its Operating Income for the six months ended in Dec. 2023 was $241 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $1,432 Mil.

Flughafen Zuerich AG's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	241.443	/	-6.129
	=	39.39

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

Flughafen Zuerich AG (Flughafen Zuerich AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Flughafen Zuerich AG (OTCPK:FLGZY) » Definitions » Interest Expense

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UZAPF:USA FHZNz:UK 0RG6:UK FHZN:Switzerland

Address

Zurich-Flughafen, Postfach, Zurich, CHE, CH-8058

Website

https://www.flughafen-zuerich.ch

Flughafen Zuerich AG owns and operates Zurich Airport, and offers services to international, domestic, and regional flights. Its services provided for passengers encompass activities related to the departure, arrival, and transfer areas at the airport. Revenue is split between aviation (majority of total revenue) and nonaviation services. Aviation services primarily derive from passenger and landing charges. Nonaviation services refer to retail and parking charges, sales from facility management, and other services provided at the airport. Passengers traveling within Europe cover approximately three fourths of total passengers, with many tourist cities being popular destinations.