GURUFOCUS.COM » STOCK LIST » USA » NAS » Atlas Air Worldwide Holdings Inc (NAS:AAWW) » Definitions » Interest Coverage
Switch to:

Atlas Air Worldwide Holdings Interest Coverage

: 7.97 (As of Jun. 2022)
View and export this data going back to 2005. Start your Free Trial

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 by its Interest Expense. Atlas Air Worldwide Holdings's Operating Income for the three months ended in Jun. 2022 was $132 Mil. Atlas Air Worldwide Holdings's Interest Expense for the three months ended in Jun. 2022 was $-17 Mil. Atlas Air Worldwide Holdings's interest coverage for the quarter that ended in Jun. 2022 was 7.97. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Atlas Air Worldwide Holdings's Interest Coverage or its related term are showing as below:

AAWW' s Interest Coverage Range Over the Past 10 Years
Min: 1.49   Med: 2.55   Max: 8.56
Current: 8.56


AAWW's Interest Coverage is ranked better than
53.44% of 726 companies
in the Transportation industry
Industry Median: 7.74 vs AAWW: 8.56

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


Atlas Air Worldwide Holdings Interest Coverage Historical Data

The historical data trend for Atlas Air Worldwide Holdings's Interest Coverage 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.

Atlas Air Worldwide Holdings Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Interest Coverage
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.67 2.57 1.58 4.45 7.17

Atlas Air Worldwide Holdings Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Interest Coverage 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 Premium Member Only Premium Member Only Premium Member Only 6.37 7.38 11.32 7.07 7.97

Competitive Comparison

For the Airports & Air Services subindustry, Atlas Air Worldwide Holdings's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Atlas Air Worldwide Holdings Interest Coverage Distribution

For the Transportation industry and Industrials sector, Atlas Air Worldwide Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Atlas Air Worldwide Holdings's Interest Coverage falls into.



Atlas Air Worldwide Holdings Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt.


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

Atlas Air Worldwide Holdings's Interest Coverage for the fiscal year that ended in Dec. 2021 is calculated as

Here, for the fiscal year that ended in Dec. 2021, Atlas Air Worldwide Holdings's Interest Expense was $-99 Mil. Its Operating Income was $712 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,821 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2021 )/Interest Expense (A: Dec. 2021 )
=-1*711.501/-99.176
=7.17

Atlas Air Worldwide Holdings's Interest Coverage for the quarter that ended in Jun. 2022 is calculated as

Here, for the three months ended in Jun. 2022, Atlas Air Worldwide Holdings's Interest Expense was $-17 Mil. Its Operating Income was $132 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,859 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2022 )/Interest Expense (Q: Jun. 2022 )
=-1*132.165/-16.585
=7.97

* 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.


Atlas Air Worldwide Holdings  (NAS:AAWW) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Atlas Air Worldwide Holdings Interest Coverage Related Terms

Thank you for viewing the detailed overview of Atlas Air Worldwide Holdings's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Atlas Air Worldwide Holdings Business Description

Atlas Air Worldwide Holdings logo
Traded in Other Exchanges
Address
2000 Westchester Avenue, Purchase, NY, USA, 10577-2543
Atlas Air Worldwide Holdings Inc, together with its subsidiaries, is a leading global provider of outsourced aircraft and aviation operating services. The company owns a fleet of freighters and passenger aircraft and leases additional aircraft and engines to expand its portfolio. It gives customers access to new production aircraft and offers crew, maintenance, and insurance services. In addition, the company operates a charter division to provide air cargo and passenger aircraft charters. Atlas Air customers include airlines, express delivery providers, freight forwarders, the U.S. military, and charter brokers. It provides global services to regions in Africa, Asia, Australia, Europe, the Middle East, and the Americas.
Executives
Borst Walter G director 2701 NAVISTAR DRIVE LISLE IL 60532
Conner Raymond L. director ALASKA AIR GROUP, INC. 19300 INTERNATIONAL BLVD SEATTLE WA 98188
Willis George director 55 GLENLAKE PARKWAY, NE ATLANTA GA 30328
Zierhoffer Carol J director 100 NORTH POINT CENTER EAST SUITE 200 ALPHARETTA GA 30022
Goulet, Beverly K. director 10990 ROE AVENUE OVERLAND PARK KS 66211
Forbes James Anthony officer: EVP & COO C/O ATLAS AIR WORLDWIDE HOLDINGS, INC. 2000 WESTCHESTER AVENUE PURCHASE NY 10577
Stamps Sheila A director C/O CIT GROUP, 1 CIT DRIVE ATTN: GENERAL COUNSEL LIVINGSTON NJ 07039
Lute Jane H director 4404 33RD ROAD NORTH ARLINGTON VA 22207
Bolden Charles F Jr director MARATHON OIL CORP 5555 SAN FELIPE ROAD HOUSTON TX 77056
Griffin Bobby J director C/O UNITED RENTALS, INC. 100 FIRST STAMFORD PL STE 700 STAMFORD CT 06902
Wulff John K director C/O HERCULES INC 1313 NORTH MARKET STREET WILMINGTON DE 19894-0001
Mcnabb Duncan J. director C/O ATLAS AIR WORLDWIDE HOLDINGS, INC. 2000 WESTCHESTER AVENUE PURCHASE NY 10577
Mayer Keith H. officer: Vice President & Controller ATLAS AIR WORLDWIDE HOLDINGS, INC. 2000 WESTCHESTER AVENUE PURCHASE NY 10577
Harbinger Capital Partners Llc 10 percent owner, other: *See Remarks 450 PARK AVENUE, 30TH FLOOR NEW YORK NY 10022
Harbinger Holdings, Llc 10 percent owner, other: *See Remarks 450 PARK AVENUE, 30TH FLOOR NEW YORK NY 10022

Atlas Air Worldwide Holdings Headlines

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)