Chorus Aviation (FRA:1H0) Interest Expense : €-70 Mil (TTM As of Mar. 2024)

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What is Chorus Aviation Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Chorus Aviation's interest expense for the three months ended in Mar. 2024 was € -17 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-70 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. Chorus Aviation's Operating Income for the three months ended in Mar. 2024 was € 34 Mil. Chorus Aviation's Interest Expense for the three months ended in Mar. 2024 was € -17 Mil. Chorus Aviation's Interest Coverage for the quarter that ended in Mar. 2024 was 2.04. 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.

Chorus Aviation Interest Expense Historical Data

The historical data trend for Chorus Aviation'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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Chorus Aviation Interest Expense Chart

Chorus Aviation Annual Data

Trend

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Interest Expense

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-51.13

-58.90

-67.21

-72.89

-71.49

Chorus Aviation 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															-18.39	-17.29	-18.38	-17.93	-16.58

Chorus Aviation 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 €-70 Mil.

Chorus Aviation (FRA:1H0) 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.

Chorus Aviation's Interest Expense for the three months ended in Mar. 2024 was €-17 Mil. Its Operating Income for the three months ended in Mar. 2024 was €34 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €811 Mil.

Chorus Aviation'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	*	33.872	/	-16.583
	=	2.04

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. Chorus Aviation Inc interest coverage is 2.15, which is low.

Chorus Aviation (FRA:1H0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Chorus Aviation Inc (FRA:1H0) » Definitions » Interest Expense

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CHRRF:USA CHR:Canada

Address

3 Spectacle Lake Drive, Suite 380, Dartmouth, NS, CAN, B3B 1W8

Website

https://www.chorusaviation.com

Chorus Aviation Inc is a Canadian holding company. It aims to deliver regional aviation to the world through its businesses. It specializes in contract flying, maintenance, repair and overhaul, and aircraft leasing solutions. The company operates in two segments namely, the Regional Aviation Services segment includes contract flying, charter operations and maintenance, repair, and overhaul services that are carried on by both Jazz and Voyageur, and the Regional Aircraft Leasing segment leases aircraft to third parties through its wholly-owned subsidiary Chorus Aviation Capital Corp. It generates maximum revenue from the Regional Aviation Services segment.

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