Pakistan International Airlines (KAR:PIAA) Interest Expense : ₨-69,054 Mil (TTM As of Jun. 2023)

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What is Pakistan International Airlines Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Pakistan International Airlines's interest expense for the three months ended in Jun. 2023 was ₨ -21,294 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was ₨-69,054 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. Pakistan International Airlines's Operating Income for the three months ended in Jun. 2023 was ₨ 1,080 Mil. Pakistan International Airlines's Interest Expense for the three months ended in Jun. 2023 was ₨ -21,294 Mil. Pakistan International Airlines's Interest Coverage for the quarter that ended in Jun. 2023 was 0.05. 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.

Pakistan International Airlines Interest Expense Historical Data

The historical data trend for Pakistan International Airlines'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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Pakistan International Airlines Interest Expense Chart

Pakistan International Airlines Annual Data

Trend

Dec13

Dec14

Dec15

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Dec18

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Dec20

Dec21

Dec22

Interest Expense

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-20,068.53

-35,423.97

-30,298.32

-28,041.76

-51,541.34

Pakistan International Airlines Quarterly Data
	Jun18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Interest Expense	Get a 7-Day Free Trial															-11,978.66	-14,779.05	-15,570.47	-17,410.94	-21,293.91

Pakistan International Airlines 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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₨-69,054 Mil.

Pakistan International Airlines (KAR:PIAA) 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.

Pakistan International Airlines's Interest Expense for the three months ended in Jun. 2023 was ₨-21,294 Mil. Its Operating Income for the three months ended in Jun. 2023 was ₨1,080 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2023 was ₨346,067 Mil.

Pakistan International Airlines's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	1079.639	/	-21293.91
	=	0.05

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

Pakistan International Airlines (KAR:PIAA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Pakistan International Airlines Corp Ltd (KAR:PIAA) » Definitions » Interest Expense

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PIAB:Pakistan

Address

PIA Building, Jinnah International Airport, Karachi, PAK, 75200

Website

https://www.piac.com.pk

Pakistan International Airlines Corp Ltd provides commercial air transportation services. It includes passenger, cargo postal carriage, engineering, and other services.

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