Asiana Airlines (XKRX:020560) Interest Expense : ₩-419,825 Mil (TTM As of Mar. 2024)

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What is Asiana Airlines Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Asiana Airlines's interest expense for the three months ended in Mar. 2024 was ₩ -102,105 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₩-419,825 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. Asiana Airlines's Operating Income for the three months ended in Mar. 2024 was ₩ 62,817 Mil. Asiana Airlines's Interest Expense for the three months ended in Mar. 2024 was ₩ -102,105 Mil. Asiana Airlines's Interest Coverage for the quarter that ended in Mar. 2024 was 0.62. 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.

Asiana Airlines Interest Expense Historical Data

The historical data trend for Asiana 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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Asiana Airlines Interest Expense Chart

Asiana Airlines Annual Data

Trend

Dec14

Dec15

Dec16

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Dec23

Interest Expense

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-347,518.64

-379,272.84

-336,092.67

-406,492.26

-426,646.58

Asiana Airlines 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															-108,926.92	-112,403.35	-103,412.00	-101,904.32	-102,105.18

Asiana 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₩-419,825 Mil.

Asiana Airlines (XKRX:020560) 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.

Asiana Airlines's Interest Expense for the three months ended in Mar. 2024 was ₩-102,105 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₩62,817 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₩4,489,947 Mil.

Asiana Airlines'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	*	62816.798	/	-102105.18
	=	0.62

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. Asiana Airlines Inc interest coverage is 1.23, which is low.

Asiana Airlines (XKRX:020560) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Asiana Airlines Inc (XKRX:020560) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Asiana Town KangseoNo 47, PO Box 98 Osae-Dong, Kangseo-ku, Seoul, KOR, 157-731

Website

http://www.flyasiana.com

Asiana Airlines Inc is one of South Korea's major airlines. It generates revenue by transporting passengers, cargo, and by providing supplementary services related to airlines and travel industries. The company offers many different classes, or cabin experiences, for each flight. A customer may purchase tickets, check the flight status, check-in, and order/confirm other amenities on the company's website. Only a small portion of revenue is derived from domestic passengers (South Korea), with international passengers and carrying cargo constituting a majority. The majority of Asiana's revenue is from routes conducted throughout Asia.

Asiana Airlines (XKRX:020560) Headlines

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