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UTair Aviation JSC (MIC:UTAR) Interest Expense : ₽-2,693 Mil (TTM As of Jun. 2023)


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What is UTair Aviation JSC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. UTair Aviation JSC's interest expense for the six months ended in Jun. 2023 was ₽ -2,693 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was ₽-2,693 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. UTair Aviation JSC's Operating Income for the six months ended in Jun. 2023 was ₽ 2,271 Mil. UTair Aviation JSC's Interest Expense for the six months ended in Jun. 2023 was ₽ -2,693 Mil. UTair Aviation JSC's Interest Coverage for the quarter that ended in Jun. 2023 was 0.84. 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.


UTair Aviation JSC Interest Expense Historical Data

The historical data trend for UTair Aviation JSC'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.

* Premium members only.

UTair Aviation JSC Interest Expense Chart

UTair Aviation JSC Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -6,499.88 -5,457.23 -5,283.59 -5,826.15 -6,673.13

UTair Aviation JSC Semi-Annual Data
Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Jun22 Jun23
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2,919.09 -3,754.04 -2,806.70 -2,847.68 -2,692.92

UTair Aviation JSC 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 semi-annually data reported by the company within the most recent 12 months, which was ₽-2,693 Mil.

* 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.


UTair Aviation JSC  (MIC:UTAR) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

UTair Aviation JSC's Interest Expense for the six months ended in Jun. 2023 was ₽-2,693 Mil. Its Operating Income for the six months ended in Jun. 2023 was ₽2,271 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was ₽37,428 Mil.

UTair Aviation JSC'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*2270.733/-2692.915
=0.84

* 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.

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. UTair Aviation JSCs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.


UTair Aviation JSC Business Description

Traded in Other Exchanges
N/A
Address
Khanty-Mansiysk, Airport, Tyumenoblast, RUS, 628012
UTair Aviation JSC is engaged in the business of passenger and cargo transportation using airplane and helicopter services. It serves primarily Russian oil and gas companies and the United Nations Organisation (UN) outside Russia and offers services such as air transportation, catering, airport services, aircraft repairs, and aeronautical personnel training. UTair operates more than 400 aircraft and its operation is performed in Russia, CIS, and non-CIS countries.

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