SOARW (Volato Group) Interest Expense : $-3.19 Mil (TTM As of Jun. 2024)

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What is Volato Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Volato Group's interest expense for the three months ended in Jun. 2024 was $ -1.23 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was $-3.19 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. Volato Group's Operating Income for the three months ended in Jun. 2024 was $ -13.08 Mil. Volato Group's Interest Expense for the three months ended in Jun. 2024 was $ -1.23 Mil. Volato Group did not have earnings to cover the interest expense. 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.

Volato Group Interest Expense Historical Data

The historical data trend for Volato Group'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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Volato Group Interest Expense Chart

Volato Group Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-0.06

-0.87

-3.36

Volato Group Quarterly Data
	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Interest Expense	Get a 7-Day Free Trial				-0.73	-0.83	-	-1.14	-1.23

Volato Group 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.19 Mil.

Volato Group (OTCPK:SOARW) 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.

Volato Group's Interest Expense for the three months ended in Jun. 2024 was $-1.23 Mil. Its Operating Income for the three months ended in Jun. 2024 was $-13.08 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was $0.78 Mil.

Volato Group's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Volato Group did not have earnings to cover the interest expense.

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

Volato Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Volato Group Inc (OTCPK:SOARW) » Definitions » Interest Expense

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Traded in Other Exchanges

SOAR:USA

Address

1954 Airport Road, Suite 124, Chamblee, GA, USA, 30341

Website

https://www.flyvolato.com

Volato Group Inc operates an aircraft ownership program, provides ad-hoc charter flights, sells deposit products, and manages aircraft for owners in the private aviation industry. The Volato aircraft ownership program consists of facilitating the formation of limited liability companies owned by third-party members. Subsequently, the Company sells an aircraft to each limited liability company.

Volato Group Headlines

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