Thai Airways International PCL (Thai Airways International PCL) Interest Expense : $-471 Mil (TTM As of Mar. 2024)

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What is Thai Airways International PCL Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Thai Airways International PCL's interest expense for the three months ended in Mar. 2024 was $ -128 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-471 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. Thai Airways International PCL's Operating Income for the three months ended in Mar. 2024 was $ 392 Mil. Thai Airways International PCL's Interest Expense for the three months ended in Mar. 2024 was $ -128 Mil. Thai Airways International PCL's Interest Coverage for the quarter that ended in Mar. 2024 was 3.06. 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.

Thai Airways International PCL Interest Expense Historical Data

The historical data trend for Thai Airways International PCL'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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Thai Airways International PCL Interest Expense Chart

Thai Airways International PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-147.07

-405.37

-282.77

-364.90

-446.26

Thai Airways International PCL 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															-102.96	-113.62	-103.72	-125.02	-128.17

Thai Airways International PCL 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 $-471 Mil.

Thai Airways International PCL (OTCPK:TAWNF) 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.

Thai Airways International PCL's Interest Expense for the three months ended in Mar. 2024 was $-128 Mil. Its Operating Income for the three months ended in Mar. 2024 was $392 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $4,636 Mil.

Thai Airways International PCL'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	*	391.97	/	-128.165
	=	3.06

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. Thai Airways International PCL interest coverage is 2.21, which is low.

Thai Airways International PCL (Thai Airways International PCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Thai Airways International PCL (OTCPK:TAWNF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

89 Vibhavadi Rangsit Road, Chom Phon, Chatuchak District, Bangkok, THA, 10900

Website

https://www.thaiairways.com

Thai Airways International PCL is a state-owned enterprise (Thailand) operating domestic, regional, and intercontinental flights. The company has three main businesses: air transport (majority of total revenue), business units, and support services. The air transport business focuses on transportation of passengers, cargo, and mail. It utilizes scheduled and chartered flights to domestic and international destinations. The business units segment works to ensure all flights reach their destination on time and at the correct location. Additionally, it offers support with cargo terminal handling, group equipment services, and catering services. The majority of revenue originates outside of Thailand, with the biggest source coming from Europe.